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Don Owers

Economic and other fairy stories

You probably would have noticed the media attention given to the Australian economies historic 26 year reign of economic growth which has been claimed is breaking that held by the Netherlands. Apart from being incorrect, (The Netherlands’ real GDP declined by 0.3% in the June quarter of 2003, and by 0.01% in the September quarter of that year) that record should go to Japan. In fact, if Japanese GDP data were available on a quarterly basis earlier than 1960, it’s likely that this run of continuous economic growth would have been even longer, perhaps as long as 38 years, inferring from annual data available back to 1955. Not bad for a nation mocked for its decision to abandon population growth and actually reduce its population.

Economic growth negatives for Scott Morrison

Australia may have the world’s highest debt to GDP ratio. We have the lowest ranking in the region (61st) for income security. Our social expenditure is behind Greece, Portugal, Spain and Italy's. The OECD has ranked Australia second last in government funding of public education.

Scott Ludlum jumps aboard the Property Council's Growth Wagon


Arguably one of the most successful actions of the Australian Greens has been the reaction to their Democracy for Sale website. This site allowed the media and public to readily access information on ‘who gave what to whom’ and has, (albeit grudgingly), forced some governments to make changes to the funding regime. But more importantly it showed that political donations were not just for buying favours, they were also about changing government policies or legislation to suit the donor at the expense of the general public, including their right to protest. And when it came to getting legislation changed there was none more successful than the development industry. Paul Keating became involved in 2006 saying that New South Wales (NSW) property developers were sending a wall of money to the planning minister. Of course is wasn't only in NSW, West Australia (WA) was the home of the infamous 1980s “WA Inc.”, referring to corporate deals with government under Premier Brian Bourke. WA Greens Senator Ludlam would know this from the findings of the WA Corruption and Crime Commission report.

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