Canberra sets course for Third World living standards

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Canberra is today the number one enemy of ordinary Australians. Everywhere you look, living standards are falling at unprecedented speed.

Leading us off are real incomes, which have cratered under the Albanese Government:

Australian real wages

Productivity is destroyed:

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Per capita growth is destroyed:

Annual GDP growth

Industry is going to hell with sovereign capability:

Health services are galloping lower:

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Infrastructure and congestion have booked a one-way ticket down:

Violent crime is spiking upward once you account for 40% population growth:

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Education is being debauched at stunning speed as pedagogical standards collapse. Greedy management steals wages while international students flood in.

The staff-to-student ratios in Australia’s universities have risen from one academic per 14 students in 1990 to one academic to 23 students in 2023.

Housing affordability has collapsed, and homelessness is booming as Canberra considers construction of shanty town slums:

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As public housing collapses:

Public housing

It is an unfolding disaster.

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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.