| ▲ | i_think_so 4 hours ago | |
Sincere question: don't most if not all Western nations have essentially the same problem, to a (perhaps?) lesser degree? I am far from being an economist or political scientist, but that's what it appears to me. Every government I can think of puts its collective thumb on the scale in the economy somehow. And I can't judge which of the metrics cited (negative productivity growth, fertility below replacement, etc) are causal and which are incidental. So I don't understand how the claim is supported by the data. Or is the entire piece just somebody's opinion with an agenda? I'd love to hear from someone unbiased who knows better. | ||
| ▲ | TimorousBestie an hour ago | parent [-] | |
Yes. There’s nothing particularly special about Australia that he’s pinning his argument on. He also does have an agenda—the Laffer curve nonsense kind of gives it away—but I sincerely doubt that the extravagantly wealthy are going to swoop in and save the billion-plus elderly people that are going to find themselves priced out of living in the future this economic model predicts. Certainly not out of the goodness of their collective hearts. | ||