Australia’s Population Ponzi Scheme by Kelvin Thomson (Narrated)
Thomson argues that Australia's economic strategy, reliant on increasing GDP through migration, functions like a Ponzi scheme.
William Laing narrates the article originally published in Quillette and written by Thomson, who served as a Labor MP for over 20 years.
Thomson criticizes the reliance on migration to maintain economic growth, pointing to issues like job insecurity, high housing costs, and stalled wage growth. He suggests a return to policies fostering self-sufficiency and high wages to avoid future collapses caused by current policies.
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Thanks for calling this out Kelvin. It is a rort. But it is made possible partly by new generations taught that Australia is nothing but a hotel where anyone can come as long as they stick to broad rules (not that they always have).