The betrayal of an entire generation of
young Australians by the political classes by refusing to do anything about the
Great Housing Bubble is a national disgrace.
Matt Ellis writing as Rational Radical sets
out the arguments.
“Even the so-called party of the youth, the
Australian Greens, and the traditionally progressive Australian Labor Party are
just as leveraged into landed wealth as any
political force in the country.”
. . . . .
“But for the most part, the vanishing class
consciousness of the newly minted home owner or property
investor has created a political and media culture of looking the other way as
wealth inequality and economic imbalances threaten to tear the system and
community apart. It is so ingrained in the every day Australian cultural
psyche, that it has become a truly rarified exceptionalism, wherein any person
of influence or power who dares to question the path of the great Australian
Housing Bubble is patronisingly reminded that history does not apply to
Australia, and that genuine reform is for doomsayers and bankrupt European
states.
Indeed, our exceptionalism has morphed
into full a blown collective denial of the very same imbalances that
brought half of the modern world to its knees only 8 years ago. That
somehow these forces do not apply to the economic miracle that is
Australia, and that income inequality is only a matter of a few mega-rich
corporations evading their tax obligations.”
Spend five minutes to read Matt’s compelling
blog..
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