The Intergenerational Report's (IGR) predecessors assume that the answer to our future prosperity lies in the combination of population growth, productivity and participation. After an almost unprecedented 24 consecutive years of economic growth, we certainly have achieved population growth, productivity is declining, there's record high unemployment, but where's the prosperity?
Today, on Geraldine Doogue's "Saturday Extra" (ABC radio national), the wrong impression was given by a British-accented commentator that the GST had been brought in in Australian in a fair and reasonable manner. This is infamously untrue and misleading on election day. Wide-eyed talk of how people oddly resent 'change' ignores the fact that change initiated by the people is resisted adamantly by the press and the politicians.
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