London-based global economics magazine ‘The Economist’ – has praised our successes but damned our political leaders for failing to make the most of the China boom.
SOME POINTS MADE:
The political leaders…are perhaps the least impressive feature of today’s Australia.
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The current crop couldn’t pull the skin off a rice pudding…
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Just when the country has the chance to become influential in the world, the leaders appear introverted and unable to see the big picture.
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Many Australians do not appreciate that they live in an unusually successful nation.
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Credit lies with the economic reforms of the Hawke-Keating and Howard-Costello governments and the new China luck for delivering Australia’s prosperity.
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Australia risks squandering this luck, in part because both sides of politics have become ‘indolent’ and captured by opinion poll-driven ‘short-termism’.
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Little legislation of consequence has been passed since 2003.
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A proposed tax on the mining companies was badly mishandled (also by Labor), leading to a much feebler one.
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All attempts at a climate change bill have failed.
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Julia Gillard is chided for admitting to being unmoved by foreign policy.
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Tony Abbott is slammed as ‘above all a populist’, saying: “His party seems to have no philosophical principles at all.”
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The leaders are pandering to xenophobic fears about asylum-seekers.
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Australia should lift some of its universities into world leaders, and do more to promote the arts.
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Labor’s ‘hugely expensive’ National Broadband Network threatens not to meet its target rate of return.
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Does our media look at the ‘big picture’?
1 Comment
All absolutely correct unfortunately, but the old saying of “you get what you deserve” is probably truer now than ever.
Until something is done about eliminating one of the three tiers of Government we have in this country, the same rot multiplied by 3 will continue I’m sad to say.