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Comment by IntelMiner

Having recently returned to Australia after a few years abroad, the state of the nation is on a terrifying precipice. Mostly due to political reasons

The nation is in a run away housing boom, one of which people have been warning will explode since around 2000/2001. The fact it's continued this far has made it more and more alarming

The extremely conservative government in charge since 2013 (ironically called "The Liberal Party") has pushed in blatantly corrupt and utterly abhorrent directions in virtually every political policy since day one

The nation is warning of a "brain drain" taking place as the young and skilled jet off to the US, Europe and others. Australia has become a digital backwater due to the "National Broadband Network" (NBN) becoming a political football and being firmly run into the ground

With a ballooning near half trillion dollar government debt (at the time of writing) and a housing market on the verge of either total collapse under its own weight, or simply running out of runway to continue expanding, an aging populace with its educated young leaving and a government paralyzed by its own incompetence, Australia is heading for some seriously tough times

parent IntelMiner 9 years ago

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