How are we doing?

If the story of financial vandalism is not sufficient evidence to the contrary, there is also the global competitiveness index score card released this week by the World Economic Forum. This group, which ranks 144 nations, found Australia slipped down the ladder in a number of crucial areas in the four years from 2007-08 to 2012-2013.

In terms of wastefulness of government spending, we went from 10th place to 48, in terms of the burden of government regulation, we dropped from 68 to 96. Transparency – from 12 to 29, government effectiveness – 5 to 18, government debt – 16 to 30, flexibility of wage determination – 87 to 125, labour market efficiency – 13 to 42, hiring and firing practices – 63 to 120, pay and productivity – 40 to 80.

This is the scorecard of a nation that is going backward, a nation in decline, not a nation that is harnessing its mineral wealth and implementing reforms.Piers Akerman – Swan’s debt dive an act of financial vandalism

About Antisthenes

A Greek philosopher, a pupil of Socrates. Led a revolt, with Diogenes, against the demands of the city-state and the sophistication of life. Accepted the interrelation of knowledge, virtue, and happiness; and sought the ideal condition for happiness in return to primitivism and self-sufficiency. Rejected all social distinctions as based on convention, scorned orthodox religion as a fabrication of lies, and studied early legends and animal life in order to arrive at a true understanding of natural law. The individual was free and self-sufficient when he was master of his passions, secure in his intelligence, impervious to social or religious demands, and satisfied with the poverty of a mendicant. Needless to say, a person who on the Fog of Chaos adopted the Athenian philosopher's name has nothing whatsoever in common with him.
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8 Responses to How are we doing?

  1. Outllier says:

    It’s actually a nice and useful piece of info. Tell it to your Labor friends.

  2. professiore says:

    Well, we are still the best Third World country – but Julia is working on it.

  3. Harry says:

    how are we doing? Exactly as expected.

  4. Noper says:

    Are you trying to cheer us up?

  5. Coater says:

    How are we doing? So far so good. Wait for when Carbon dioxide tax bites.

  6. Goldschmidt says:

    It is a disaster, and not yet over. Stll 12 months to go.

  7. may day says:

    The Labor government is a disaster for Australia. It will take ten years or longer to fix their mess.

  8. cher says:

    Desperately seeking elections!

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