On the Sunday program yesterday, we had the proverial "sky is falling" story, Safe As Houses, about the housing bubble about to burst (with some encouragement from Aussie John Symonds).
It was interesting to hear many of the comment (some from reputable people) that seemed to coincide with the concepts of Affluenza and/or Living Beyond our Means.
But isn't this the global panacea for growth? Complete unfetted, unabashed consumption and debt growth. I'm really keen to see the Right Wing hawks decend upon the show to pull it to pieces (I'm sure it'll be labelled as a left wing rag before too long) as the implied sentiment was that some form of regulation and control is needed.
Pity it'll never happen - so when it bursts, we'll just sti by and say "I told you so"...
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