A response to @pollytics

I recently read Possum Comitatus’ latest post, “Australian Exceptionalism”. And it’s been troubling me for a few days now, which must be the sign of a good post. Possum is a far more skilled blogger than I so I’ll leave it to the marsupial to give you the guts of the argument that Australia is:

[a] low tax nation with high quality, public funded institutions. A low debt nation with world leading human development and infrastructure. The wealthiest nation in the world where even though our rich get richer, our poor have income growth so extraordinary that it increases at a faster rate than the rich expect to experience anywhere else in the world but Australia. A nation where we enjoy the highest minimum wages in the world.

Hartcher announces the death of Capitalism (but not intentionally)

Did anyone notice SMH Political Editor, Peter Hartcher, announce the death of Capitalism yesterday? No? I thought you might have missed it. I’m pretty sure it wasn’t intentional – I don’t think Hartcher is a secret agent of Marxism. His piece yesterday, “Hit by the debt boomerang” was typical Hartcher – right topic, hilarious analysis. It’s also an interesting insight into what the elites are thinking (and it’s kind of scary) – they no longer know WTF is going on.