why tell me
Why do people continue to defend the NBN?
Why does the Gov't continue to lead Australians and Austrlian industry down the garden path?
There was a very cheap shot linking the Economist's analysis to the GFC and Credit Rating Agencies, weak and of little relevance.
However, while we are on that topic, I would rather illustrate how the Gov't in AU of both parties have been heavily manipulating politics and economics for a very long time.
The gov't is artificially propping up a housing bubble, it is pumping more money into tax breaks for property investment -and- free grants to stop a very very unstable market from crashing that is bring the economy deep into recession.
At least the phoney gov't policy and spin of the EU and USA have come crumbling down like a house of cards, and now revealed to all the level of government incompetencies and corruption in all of this, and dont forget, the GFC is far from over.
Australia is tied with China, as long as China does not crash and its shifty policies brought into the light of day, the Aust. gov't can continue to create use farcial policies like the NBN and mislead the public. We have enough mining profits to keep us afloat, we have a two speed economy and dwindling capacity in other industries, the gov't is doing little, can do little, so they busy themselves with make believe schemes like the NBN.
Australia is await a BIG correction, when it comes, it will be a relief for a lot of people, a lot of people will be hurt, and the govt will not have the luxury of creating pointless policies like the NBN as they will be busying putting out fires to repair what has been neglected for a long time