Made in Australia Act....Doomed before it Starts., page-25

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17/04/24

15:00

Post #: 73389517
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Originally posted by pintohoo: ↑

''Albo and Co. trying desperately, in vain, to take Australia back to the 1950's with union domination''

really?? well, gosh ------------ in a time when the leftover dumpster garbage mess of almost a decade of the Liberal party leaving oz with expensive and difficult to get for Ozzies education, a housing crisis, low wages, a health crisis etc -------

if one reads what Oz was like in the 50's as to growth ------------------------ well ----------- is that such a bad thing to have unions having some power? oh ------------ and look at Menzies and the old 'low debt' - idea

as I've said - no country ever became a nation with cut cut cut, low debt, low tax and no investment - which is exactly what the architecture John Howard brought to Oz - and Oz is now sliding down hill after the Howard push and the design of the kids go cart

The Australian economy experienced a "long boom" in the three decades following World War II, with average annual growth of 4.8% and unemployment averaging just 1.9%.
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This was a period of rapid economic expansion, fueled by factors such as:
Post-war reconstruction and "catch-up" growth, especially in countries devastated by the war like Germany and Japan
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Widespread economic restraint and modest inflation expectations, allowing for sustained growth
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Liberalization of international trade and rapid growth in exports and imports
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Financial stability provided by the Bretton Woods system
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Loosening of government controls and an ambitious post-war migration scheme
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High population growth, government spending, and the introduction of new technologies like television
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Australia in particular saw a rapid post-war expansion, with the Menzies government securing a $100 million loan from the World Bank in 1950 to aid development.
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Economic growth, high employment, foreign investment, and the opening of new markets led to a high level of prosperity in Australia during this period.
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So in summary, the 1950s were indeed a time of great economic growth and prosperity for Australia, driven by a combination of favorable domestic and international factors.

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Wake up into.
It's not the 1950's anymore is it. The incessant union demands got well out of hand and destroyed many of Australia's previously economically productive industries.
The car industry a prime example. We are no longer competitive thanks to the ever increasing wage demands of the unions. I witnessed that commencing from my early working years down at the waterside with the communist Waterside workers and Seaman's unions in Sydney.
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