This is going to happen sooner or later, the pandemic accelerated it, exploiting and abusing the liberty of people will be the new norm - 1984.
Observation: at least in NSW it seems that most people trust the government and cooperate with government orders (Digital Tran formation for public service is on the right track, see the delivery of digital driver licence and all other perks and all other self-service integrated services, at the cost of giving up some personal info and privacy (state government says that we can trust them for securing the data/info)...
I have been living in Sydney, Australia since 2008. Agree that country is facing tough and worrying economic outlook for the 2020's. It was seriously `lucky country` (mining boom, Rise of China, etc.) when I first landed in SYD, however, with the deterioration of Australia-China relationship, and the undiversified economy structure (mining, education, tourism, etc.), the "lucky country" is going downhill towards the "luckin coffee" direction LMAO.
The country is run by politicians holding law and/or accounting degrees with no social responsibility or morals (in comparison with Germany and northern Europe), who are good at making taxation (or similar) laws but with no vision for the country's future (geopolitical influence, economy, etc.). Most people underestimate the stupidity of government and central banks, keep printing $ (QE) and pump the money to the banking system, making the asset bubbles bigger, while failing to stimulate the real economy, most $ went into the construction industry)
All bubbles pop, there is no exit strategy for QE... Recently watched "The Big Short" again and seriously history is repeating itself, so similar. Good luck to the people live in the "lucky country", keep doing what you believe is right, manage risks well (I know many family highly leveraged into investment properties), stay healthy stay sharp ;-)
"The world is sinking, people ware partying."
Housing "un"affordability will cause negative consequences for the society: psychological problems -> family problems -> community problems -> social problems. Politicians don't care, only focus on winning the next election, they they come and go, they've got their exit route well covered...
Observation: at least in NSW it seems that most people trust the government and cooperate with government orders (Digital Tran formation for public service is on the right track, see the delivery of digital driver licence and all other perks and all other self-service integrated services, at the cost of giving up some personal info and privacy (state government says that we can trust them for securing the data/info)...
I have been living in Sydney, Australia since 2008. Agree that country is facing tough and worrying economic outlook for the 2020's. It was seriously `lucky country` (mining boom, Rise of China, etc.) when I first landed in SYD, however, with the deterioration of Australia-China relationship, and the undiversified economy structure (mining, education, tourism, etc.), the "lucky country" is going downhill towards the "luckin coffee" direction LMAO.
The country is run by politicians holding law and/or accounting degrees with no social responsibility or morals (in comparison with Germany and northern Europe), who are good at making taxation (or similar) laws but with no vision for the country's future (geopolitical influence, economy, etc.). Most people underestimate the stupidity of government and central banks, keep printing $ (QE) and pump the money to the banking system, making the asset bubbles bigger, while failing to stimulate the real economy, most $ went into the construction industry)
All bubbles pop, there is no exit strategy for QE... Recently watched "The Big Short" again and seriously history is repeating itself, so similar. Good luck to the people live in the "lucky country", keep doing what you believe is right, manage risks well (I know many family highly leveraged into investment properties), stay healthy stay sharp ;-)
"The world is sinking, people ware partying."
NOTE: Recently Deirdré Straughan moved to Australia with Brendan Gregg, you may be interested to know some of the reasons behind the move, I assure you that will be good reads: https://www.beginningwithi.com/category/women-in-technology/