Did you know that Australia almost paid off its national debt? They got it down to 4.7% of GDP.
That shows it's possible.
aph.gov.au
That shows it's possible.
aph.gov.au
Australia and New Zealand have surprisingly good financials relative to the G7. They may be the best run countries in the Western world.
aph.gov.au
aph.gov.au
More evidence for Australia and New Zealand as the best of the West: they're successfully competing[1,2] with places like Dubai for global millionaires.
[1]: visualcapitalist.com
[2]: #selection-553.330-556.0" target="_blank" rel="noopener" onclick="event.stopPropagation()">archive.is
[1]: visualcapitalist.com
[2]: #selection-553.330-556.0" target="_blank" rel="noopener" onclick="event.stopPropagation()">archive.is
archive.is/ferXV#selectio…
Global Citizens Report Q2 | Press Release | Henley & Partners
archived 18 Jun 2022 07:09:10 UTC
visualcapitalist.com/migration-of-m…
Mapping the Migration of the World’s Millionaires
This graphic maps out the migration of millionaires across the globe, showing the top 10 countries t...
OK, so what are they doing different?!?
My rough impression is: Down Under is a bizarro world where right and left are actually effective.
In Australia, conservatives like Howard actually cut deficits[1], while liberals like Rudd actually oppose wars[2].
[1]:…
My rough impression is: Down Under is a bizarro world where right and left are actually effective.
In Australia, conservatives like Howard actually cut deficits[1], while liberals like Rudd actually oppose wars[2].
[1]:…
The mere fact that Australia apparently managed to pay down its national debt while remaining a technologically modern Western country and without descending into autocracy or Mad Max...seems like a pretty important fact.
#selection-633.13-633.100" target="_blank" rel="noopener" onclick="event.stopPropagation()">archive.is
#selection-633.13-633.100" target="_blank" rel="noopener" onclick="event.stopPropagation()">archive.is
The concept of a functional Anglo world continuing Down Under is also arguably mirrored at the level of Australia and New Zealand themselves.
Australia is more on the right, and New Zealand more on the left...but they feel like a functional left and right.
Like, New Zealand at…
Australia is more on the right, and New Zealand more on the left...but they feel like a functional left and right.
Like, New Zealand at…
ASSET SALES PAID DEBTS
Now, the next question is: how did Australia manage to pay down its debt? This source[1] says a good chunk of the debt was paid off via large asset sales. For example, the sale of Sydney Airport to a private consortium for $4.2B.
This is apparently a third…
Now, the next question is: how did Australia manage to pay down its debt? This source[1] says a good chunk of the debt was paid off via large asset sales. For example, the sale of Sydney Airport to a private consortium for $4.2B.
This is apparently a third…
TLDR: Australia and New Zealand are worth studying. I haven't touched on the (IMO balancing) influence of being near Asia, and having to be pragmatic as a consequence, but that's a huge factor as well.
@misha_saul will probably have thoughts.
@misha_saul will probably have thoughts.
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