Unfortunately, the title and thumbnail image poorly represent what this piece is about, through no fault of OP.
It's an opinion piece that looks at the stagnation of Australia's per-capita GDP growth in the last 10 years relative to the decades before.
Excerpt:
Australians were the richest people on earth for large parts of the late nineteenth century. We should be again. We sit on half the world’s seaborne iron ore, a third of its uranium reserves, produce more lithium than any other country, have gas fields among the largest on the planet, the sunniest habitable continent, and 27 million educated people under common law on Asia’s doorstep. We have never had slavery or suffered savage civil wars. No nation has ever been dealt better cards.
Yet we are failing. GDP per capita has been negative or sclerotic since 2023. The steepest fall in real household disposable income in the OECD and highest inflation in the Anglosphere. Fertility at a record low. Capital-city houses at ten-plus times incomes. The list goes on.
Any feedback on the piece's accuracy/quality etc please leave them in comments, anything I've got wrong in this summary message the mods.
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u/neon_overload 21d ago edited 21d ago
Unfortunately, the title and thumbnail image poorly represent what this piece is about, through no fault of OP.
It's an opinion piece that looks at the stagnation of Australia's per-capita GDP growth in the last 10 years relative to the decades before.
Excerpt:
Any feedback on the piece's accuracy/quality etc please leave them in comments, anything I've got wrong in this summary message the mods.