Dave sss, thanks for posting. It gives a true picture, i suspect, of this disaster for Australia that we’re part way living through.
wow, A$110 billion is huge, using as broad an analysis as possible.
this sum will obviously cover all of the rebuilding of the physical world that has been destroyed in the fires: houses and contents, infrastructure etc.
as writer and economist Umair Haque pointed out recently in an essay on Medium.com, that’s money that where possible will merely replace what has been lost. So it will only get us back to where we were. It won’t take us beyond there.
australia could benefit from a huge infrastructure injection but the money to replace what’s been lost will only be found such that we can mark time.
and herein lies another cost of inaction in the face of disaster. And we’re not even half way through summer.
