Surely it’s been the failure of government management that needs the blame not high immigration that’s required in an aging market. Investment in ingenuity and short term politics have strangled us. We have Smart TV’s Smart everything but Smart Government. (ODT)
The International Monetary Fund’s latest report on our economy says we have “a notable infrastructure gap compared to other advanced economies”. Spending is “not keeping up with population and economic growth”. We have a forecast annual gap averaging about 0.35 per cent of GDP for basic infrastructure (roads, rail, water, ports) plus a smaller gap for social infrastructure (schools, hospitals, prisons).