Coalition wakes to population nightmare

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The immigration debate has has clearly been won by the skeptics. Coverage today starts with a stark warning from Infrastructure Australia CEO Philip Davies, at The Australian:

In an exclusive interview with The Australian, Mr Davies, who will retire from his position at the end of this month, slated successive governments for “gold-plating” infrastructure projects with­out sound business cases and being unaccountable to taxpayers on costs.

As the Turnbull government prepares a population policy, with Australia poised to reach 25 million people next month, Mr ­Davies said if planning for major projects did not change at all levels of government, the major capitals would not cope with the population growth.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.