New ideas needed to stim­u­late econ­omy

Isis Town and Country - - Opinion -

THERE is much talk at present about how to stim­u­late and fire up the econ­omy and get busi­ness and jobs go­ing again. In re­cent years, with min­ing go­ing off the boil, gov­ern­ments and busi­ness have re­lied on the same old ideas of de­val­u­ate the dol­lar, low in­ter­est rates, tight bud­gets, mass sack­ings of staff in both the public and pri­vate sec­tors, pro­mot­ing mas­sive pop­u­la­tion growth along with ur­ban in­fra­struc­ture and big road projects, dams etc. Folks, none of this worked in the past. What makes peo­ple think it will work now? If gov­ern­ment poli­cies of as­set sales, mas­sive de­vel­op­ment schemes, low dol­lar and in­ter­est rate, pop­u­la­tion growth had any merit, then Aus­tralia is worse off. I never have liked the idea of as­sets sales and pri­vate real es­tate ei­ther, be­ing sold off to boost the econ­omy. For­eign buy­ers usu­ally snap up the lot, and as a na­tion, this could cre­ate a sit­u­a­tion where we no longer have any lo­cal farm pro­duce, man­u­fac­tured goods, and our elec­tric­ity, wa­ter, mines, busi­ness in­ter­ests, lead­ing to a ridicu­lous sit­u­a­tion where we are de­pen­dent on the good­will of for­eign na­tions to pro­vide ev­ery­thing we once did our­selves. For­eign own­ers only need to de­cide to crip­ple Aus­tralia by de­cid­ing one day to with­hold all these pro­vi­sions, and we’re done for, folks. What’s the point in this “North­ern Aus­tralia” de­vel­op­ments that the Prime Min­is­ter is so keen on? The gov­ern­ment plans to bring in more for­eign work­ers to do it. So any prospects for un­em­ployed Aus­tralians look bleak. Mel Chalmers, South Kolan

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