Adventure Ausrama Blog

The government intends to ruin Australia's private medical insurance system. With privatization Medibank Private Health Insurance will become like all the other funds. The Commonwealth bank was once owned by the government. it is now just another bank. At the moment Medibank has two "branches". One (Medicare) refunds part of the fee charged by specialists, blood tests and various bills from hospitals. The other is a private health insurance fund. There is a problem here, however. Medibank and Medibank Private are both registered names held by the federal government. How can a public company and a private company use the same business name? One of these will have to change its name. People are being offered shares in Medibank Private. How long can this be allowed to continue? Isn't it illegal? Future shareholders must be told what will be done about this. A change in name will have a disastrous affect on the value of shares. There is no doubt that Medi...

Australia is going down the same road as the British by privatizing public resources. There is a major problem with this economic theory. That is, that once resource are sold and the money is used to pay off debt it cannot be sold again. When railways, electricity and water are privatized they are no longer under public control. Ordinary people are at the mercy of private enterprise who have been shown to continually increase charges beyond what citizens can bear. This is the cold reality of what the future will be like. Politicians of the right have put faith in private enterprise for a century or more. The trickle down benefits of wealth are shown to be completely wrong. The riches of nations is still being consolidated into fewer hands. The poorer are poorer still. Despite consumer goods being widespread, very few can afford a Ferrari. Millionaires have been superseded by billionaires. And the these consumers of all things monetary still want more. When services ...

Developed country are heading toward a crisis of not enough people to do the work. Baby boomers have reached retirement age and with such a large section of society no longer contributing there will be fewer taxpayers to fund economies. Government revenues will fall. Workers can only pay so much tax. Beyond a certain level incentive to work decreases. Despite the problem, employers still persist in seeking young employees when there are plenty of elderly people who can hold down jobs. Old legislation covering those in public service force retirement on perfectly capable workers. Some Australian states are planning to change this. The private sector has no restrictions. Many doctors, for example, work into their 80s. This is because they are self-employed, so they can decided when to stop. Fewer retirees are offering their service free in voluntary work. This means their lives just slow down and they spend their time doing very little. Their lives would be more interesting ...