LNP - 8 year economy, page-56

  1. 88,018 Posts.
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    Oz is an amazing place -- we again see the righties and everyone over the moon at the economy because of demand and prices for Iron and coal

    yet - we get such a little percentage return --

    the wealth that Oz would have flowing in in tidal waves every week - IF ONLY WE OWNED THE RESOURCE COMPANIES - would be just plain stunning -

    if we owned even say half of the companies - we would indeed be the wealthiest nation on earth - in REAL terms - we would have been able to have a sovereign wealth fund that made others look like also rans

    but, we don't - aside from the little bit we do own - we get a royalty flow -

    one can only dream if Oz had actually had a national character that didn't make us sell anything off to the first or highest bidder that came along
 
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