Youth are being sold the carrot of NSW’s strong economy, even though they fail to benefit from it. At yesterday’s campaign launch Berejiklian announced that NSW can ‘have it all’. Speaking to the crowd, she boasted about the lowest unemployment rates in NSW..ever. Berejiklian has pledged to spend billions on schools, hospitals and infrastructure. The carrot for voters? NSW’s strong economy. NSW’s strong economy is conducive the astronomical property boom that Sydney experienced. Sydney’s median house prices experienced an 86 per cent increase in the last 5 years. Stamp duty from property has contributed to the budget surplus. That surplus has been spent on infrastructure under Berejiklian and her predecessors, including the light rail project, West Connex and the demolishing of the ANZ stadium. If you think that NSW will have never ending surpluses to spend in the coming years, you may be mistaken. The spending spree will have to come to a halt. As there are some
Consumers are given the illusion of choice but rarely have much choice . And the devil is always in the detail. The recent Royal Banking Commission revealed unethical conduct through our most trusted financial institutions. Some of the conduct included; charging fees to deceased customers , irresponsible lending , insurance products that failed to deliver or were considered to be unsuitable products for consumers to name a few. Without going into the specifics, no one objects that customers were treated poorly and deserve retribution. But in a system where winners take it all and more money equates to a higher success level whether that's through bonus, higher status, rewards, a raise, the question isn't 'Why did this happen'? It should really be; Why should we expect bankers or financial advisers to act any differently? The whole concept of capitalism was built on the exploitation of some for the benefit of others. It has never been an e