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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: X Y Zebra who wrote (24787)10/25/2004 2:21:22 AM
From: Elroy JetsonRead Replies (3) of 306849
 
After doing business in Australia for years I've found their economic system to be far less socialist than America.

I think a lot of Americans are fooled by Australia's national Medicare system, which provides a basic health care net under private insurance and lowers everyone's costs. America would do well to emulate this system. Many Americans tend to extrapolate this red herring into a false sense that they know more about Australia's economy than they actually do.

The first thing people notice when they meet Australians are how entrepreneurial they are. It often seems that everyone has a business on the side and investments in actual businesses as opposed to th latest hot stock.

Both Australia and New Zealand have largely eliminated the socialist farm support welfare system which represent such a large portion of the government budgets in America and Europe.

Australia didn't copy Reagan's mistaken policy of paying for their government with monetary debasement instead of taxes.

Australia invested their retirement money in infrastructure at home and around the world instead of spending it on dubious wars and bail-outs.

Their major highway and tunnel infrastructure is paid for with tolls rather than America's socialist "free highway" morass.

Australia is a clear winner in my mind over New Zealand due to New Zealand's unfortunate policy of exporting their smartest and most talented to Australia, Europe, Canada, and the United States. I don't think many living there realize the cost they are paying for having a complete lack of interest in providing employment opportunities domestically. Australia is vibrant while New Zealand has a very dead-end feeling.

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