''Albo and Co. trying desperately, in vain, to take Australia back to the 1950's with union domination''
really?? well, gosh ------------ in a time when the leftover dumpster garbage mess of almost a decade of the Liberal party leaving oz with expensive and difficult to get for Ozzies education, a housing crisis, low wages, a health crisis etc -------
if one reads what Oz was like in the 50's as to growth ------------------------ well ----------- is that such a bad thing to have unions having some power? oh ------------ and look at Menzies and the old 'low debt' - idea
as I've said - no country ever became a nation with cut cut cut, low debt, low tax and no investment - which is exactly what the architecture John Howard brought to Oz - and Oz is now sliding down hill after the Howard push and the design of the kids go cart
The Australian economy experienced a "long boom" in the three decades following World War II, with average annual growth of 4.8% and unemployment averaging just 1.9%.
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This was a period of rapid economic expansion, fueled by factors such as:
Post-war reconstruction and "catch-up" growth, especially in countries devastated by the war like Germany and Japan
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Widespread economic restraint and modest inflation expectations, allowing for sustained growth
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Liberalization of international trade and rapid growth in exports and imports
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Financial stability provided by the Bretton Woods system
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Loosening of government controls and an ambitious post-war migration scheme
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High population growth, government spending, and the introduction of new technologies like television
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Australia in particular saw a rapid post-war expansion, with the Menzies government securing a $100 million loan from the World Bank in 1950 to aid development.
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Economic growth, high employment, foreign investment, and the opening of new markets led to a high level of prosperity in Australia during this period.
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So in summary, the 1950s were indeed a time of great economic growth and prosperity for Australia, driven by a combination of favorable domestic and international factors.
