Blog of the Day
posted by Roger Beale, May 01, 2015
Australia is facing a host of serious but manageable challenges. Roger Beale says we need to develop the understanding of the community and be persistent, patient and fair.
After close to a quarter century of uninterrupted growth in incomes, wealth and the economy we face a new and difficult world. The problems – decline in the price of iron and coal, low productivity growth, workforce growth that is totally dependent on continued migration, the ageing of the baby boomers, growing intergenerational disparities in wealth, unwillingness to address climate change, a riskier regional strategic outlook, a fragile budgetary position at federal and state levels and a creaky federation – are serious but manageable if we take measured sensible action.
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