Australia has lost its way

Bill Kelty has written an excellent article on the economic (and therefore societal) problems that have so mired Australia in mediocrity for much of the last two decades.

While Kelty's focus is on the mediocity of the Australian Labor Party, and its inability to tackle major economic problems with any purpose, in doing so he does an excellent job at presenting a coherent overview of all the fundamental issues that have seen the Australian economy and society mired in declining real incomes and increasing, multifaceted inequality.