Why Australia’s Miracle Economy Is Failing

Liberals bury the economy into the ground and Labor fix it

Buying a house here is just a nightmare scenario

Hey bloomberg rack off!!! This isnt an Aussie only problem

Green manufacturing? lol.

A lot of the people interviewed were not Australians.

The similarities between the Australian and Canadian economies is striking. But I think Canada is worse off at this point.

Yes but the multinationals and banks are making billions and billions and billions and they own the politicians and we get to vote for the red muppet or the blue muppet which in reality is the same muppet.. so it’s not going to change.. until it all collapses under the weight of debt .

Australia needs to actually make things

Having lived in a number of countries and settled in Australia there is no place I would rather be for reasons outside of finance or the economy. My observation is that there is a high degree of complacency, lack of risk taking and unfortunately the next generation is full of ideological nonsense that will burden and not benefit the country. The government also is not willing to invest in seed funding for new ideas. Contrast other countries where they actually invent, produce and manufacture essential and beneficial technologies. Resources will run out. We know this. It’s time to change course. Lastly most property is held by the 45 upwards part of the population so asset wealth is top heavy. This does lead to a dumbing down of aspirations which is worrying for the younger generation. This then also reduces population growth as younger couples are less likely to have children if they can’t adequately support and house them. Come on Australia we can do better

Corrupt politicians
Corrupt large businesses
Corrupt tax system
No royalties or income from resources
Massive student visa immigration
Little to no productivity
No manufacturing
People trading houses like crypto

It's just a nation of holes and homes lead by the weak and run unscrupulous.

I’m looking at a map, but can’t find this place she calls Estralia.

Labor government destroy the country

But wait. The Australian government says immigration has nothing to do with our housing crisis. Who is lying, you or them?

Australia has a huge productivity problem, in that, almost ALL our money, whether borrowed or earned, is plowed into unproductive housing. There's no money left for people to invest into businesses. As long as the banks and landlords make huge amounts of money, who cares thought, right?

Just prior to the Great Financial Crisis, 2008, was peak prosperity for the developed world. It's been downhill ever since.

Icecream isn't BBQ food 🤔😅

Tax the mining conglomerates, reduce other taxes. Our energy should be next to nothing.

Weird, I thought importing infinity Indians and Chinese had zero downsides!

Should be one of the richest nations on earth but have been sold out by decades of politicians.

Immigration at record levels, and government fudging figures on inflation and productivity. What could go wrong.

Aussie politicians all of them only get into politics for the ridiculous perks we don’t get. They do not deserve them they get paid

If it crash, its going to be so bad..

Solution: TAX THE MINING INDUSTRY!!

In layman’s term, Australia decided to open its backdoor to China and that’s that

You can buy property in Sydney for 700k and you’ll get a unit with a garage, balconies and 2 bedrooms…

So many Australians fall for this " lucky country " fallacy. The politicians of Australia knows exactly what they are doing and most Aussies either don't care or they really think they are the lucky country….

Australia’s political donations system is to blame for a lot of the problems. When you can buy politicians and political parties you end up with an economy dictated by those with vested interests. GDP may be going up but the mining companies pay no royalties and no taxes on their profits so the only benefit to Australia is a few jobs. We are one of the largest natural gas exporters in the world yet we have a gas shortage locally as we do not reserve some of the production for local use, and what we are able to buy is at a higher price than the Japanese consumers. We are also forced to import gas from our competitor nations because the foreign miners are selling all of ours. And again, they pay no royalty for the gas and transfer all the profits to related entities o overseas so that they pay no Australian income tax on their billions of dollars tax. They do this because they pay a few million dollars each year to both political parties to buy the status quo. They also spend millions on media promotions so that the press does not tell the population the truth. Our banks are literally the most profitable in the world (See Commonwealth Bank) and are able to charge dead people account fees and insurance fees. Our supermarkets are able to rip us off and get away with it also because there is a duopoly as well as political contributions.

Political capitulation to global and national bureaucrats, unions and shiny trinkets for dumbed down voters. If you’re not in that club …..

Definitely raises some important questions about the future

Read this new book about Albo

Comrade Prime Minister: Anthony Albanese's 40-Year Alliance with Australian Communism by Trevor Loudon

With multiple cars in every driveway, endless buying of retail staples and consumer goods the difficulties haven't even begun.

What's the role of government, oligarchs and corporate interest? Oh… nothing.

The video says nothing about the role of corrupt governments, price gouging duopolies, businesses that put shareholders above wage growth that got us into this mess, but somehow, magically at the end, it talks about the role of govt to fix? How does that make sense???!

“Australia is a lucky country, run mainly by second-rate people who share its luck" comes from Donald Horne's 1964 book, The Lucky Country”.

You lot should be embarrassed for this entire segment.

The 90s and drought and … oh why bother.

Unsubscribed.

Negative gearing introduced by Labor, capital gains tax introduced by Howard. Yay Straya.

The Prime Minister of Australia has links to the communist party, everything you mentioned is true but it’s by design not accident.

Worse-than-feudal wealth inequality via government policies that impoverish normal people and enrich billionaires is why the global standards of living for the vast majority, not just Australia, is tanking. Trickle down economics is a lie. Billionaires form monopolies and hoard wealth, at the expense of humanity.

Just blame immigrants,that's all aussies seem to do these days