Why is there NO CRISIS in AUSTRALIA? – VisualPolitik EN

It is known as “The Lucky Country.”
Sun, amazing beaches, a great deal of natural life and many, many natural resources…
This is Australia, a surfer’s paradise and a centre for the sport of cricket! A calm
British sport where there is even a break for tea. Australia is, dear viewer, such a special
and unique country that 80% of its plants and animals don’t exist anywhere else on the
planet. Everything is so different in Australia, compared
to the rest of the world, that even it’s characteristic animal, its national symbol,
doesn’t run, or even fly… it jumps! But Australia’s natural environment is not
only unique, it’s also rather terrifying. Australia has more deadly things than any
other place in the world. For example, all of the ten most poisonous snakes are from
Australia! Not enough evidence for you? Want some more
examples of the deadly Australian ecosystem? Well then, have a look at these four animals:
The funnel-web spider, the box jellyfish, the blue-ringed octopus, and the stone fish.
They are all in Australia and they are the deadliest of their kind. And be careful, because there is more, much
more: Giant crocodiles that weight more than 1,500
kilograms, sharks of all kinds and sizes. And if animals don’t scare you enough, don’t
feel safe yet, there are many more natural dangers of all kinds, because this is a dry,
hot and aggressive climate. However, none of those things have stopped
Australia in any way from becoming a dream for millions of people who dream of a better
future. And it’s only logical. I mean, take a look
at some of the incredible places we can find there. This is the Gold Coast:
And, hey, we are not only referring to regular folks heading to Australia for a brighter
future here… In the last years Australia has been like a magnet for millionaires as
well. But why? To find out the answer to that that we are
going to leave animals aside and talk some business. AUSTRALIA: A MAGNET FOR BIG FORTUNES Every day it gets easier to move around the
world. Today we can reach almost any place in a quick, comfortable, and affordable way. Further, thanks to the internet and all new
kinds of communications methods, you can run a business from wherever you want. And just look at how things have changed:
Just 50 years ago, for a trip between London and Sydney we had to make many stops on the
way and it never took less than 3 days. Today, this same trip can be done in much less time
– in a a little over 20 hours. And today this plane is more comfortable, safer than ever,
and has a wide selection of in-flight entertainment. Because of this increase in the ease of travel
and communications, wealthy business people have become more demanding of their country
of residence. After all, they can now easily choose where they prefer to live without it
affecting their business. And it’s not only attractive taxes that
affect the choice of where a wealthy person lives… they also want to live in places
with a high standard of living, where it’s easy to do business, where has good schools,
as well as safety in terms of both physical security as well as judicial safety… Meaning
they can leave their savings safely deposited somewhere, safe in the knowledge it won’t
be seized by a corrupt politician who they have had an argument with. “64% of Chinese millionaires have either
emigrated or plan to emigrate—taking their spending and fortunes with them”. Hurun
Report, 2014. And Australia has a lot to offer these millionaires. On the one hand, it is the fifth most free
economy in the world. It is easy to do business there, and there are a plenty of opportunities
for business. The justice also works well, it has a a very competitive financial system,
and regulations (as a general rule) are pretty light.
On the other hand, it is one of the countries with the highest standard of living in the
world. There are a huge number of quality services like hospitals, universities and
schools. In fact, year after year, Australia’s big
cities maintain the highest positions in the international rankings in terms of quality
of life. As an example, Melbourne, for 6 years in a
row, lead the quality of life ranking as compiled by the Economist. It must be a wonderful place! And if that wasn’t enough, the country recently
created an “open door project” for people with significant fortunes.
In Australia, all those millionaires willing to invest around 3.5 million US dollar will
obtain a permanent residence card. And if they come up short, they can get a lot of
advantages from 750,000 dollars. Life quality, ease of doing business, and
open doors… What do you think the result of all of this is? Well, the result is very interesting. In both
2015 and 2016 Australia has been the country where the most millionaires have moved to,
beating out even the United States. In 2016 in particular, 11,000 millionaires
moved to Australia. An unbelievable figure for a country whose population is less than
25 million. And honestly, that might be the best indicator
of the unstoppable Australian economy. THE BEST VERSION OF THE UNITED STATES When you arrive in Australia some might say
that they feel they have arrived in an “improved version of the United States”. This is to
say, in general, the cities, system, and society in both countries is quite similar.
Australia even has its very own Washington, a capital city built for and by the political
powers. Because it’s easy to forget that the capital city is not Sydney or Melbourne,
it´s Canberra. The truth is you could mistake Australia for
America at first if it wasn’t for the fact that the cars are on the wrong side of the
road and there are statues of Queen Victoria decorating the cities. Interestingly, Australia is still technically
a monarchy and its queen is Queen Elisabeth II.
Well, the thing is that, besides all the similarities, Australia is a safer, cleaner, more modern,
more cosmopolitan, and more prosperous country. And Australians are also richer than Americans.
“When Australians visit the U.S. they see a country in decline. Australians see the
bad airports, the infrastructure, the poor, the beggars”. Richard Flanagan So, now maybe you can understand why people
think Australia is something of an improved USA. Now, generally speaking, international media
doesn’t pay a ton of attention to Australia… but this shouldn’t be the case, because
this is a country hasn’t seen an economic crisis for 26 years! In fact the last time
the country went through a crisis, Gorbachev was still in power in the Soviet Union. Not
bad, ay? No financial crisis, no crisis over raw materials,
no unemployment… seemingly no problems at all! And, well, what’s the result of all this
prosperity? With a population of just 24 million inhabitants, its economy is already as big
as Russia´s. Now it is also important to note that Australia
is very dependent on its raw materials. They make more than half of its exports.
“In 2019 Australia will replace Qatar as the world’s leading exporter of natural
gas.” Expansión So, when the prices of raw materials started
to fall, it seemed that Australia would be facing a situation similar to those which
occurred in Russia, Brazil, Ecuador, Saudi Arabia etc… It seemed as if the good times
were about to come to an end.   But the reality is entirely different. In
Australia, unlike almost every other producing nation, the crisis in raw materials didn’t
cause any harm. So, what is it that makes Australia almost
invulnerable to any kind of crisis? Well, let’s see…
THE SECRET OF SUCCESS To those who regularly follow VisualPolitik,
you already know we like to say: “Good policies, good results” That is exactly what Australia has done in
the last few decades: reforms. The changes were many, so we will mention
just the most important ones: First, their government decided to bet on
opening up the economy to the international market, removing most tariffs. The country
is today a firm defender of free trade agreements. Second, in the early 90s, the labor government
of Paul Keating decided to start a retirement system known as “SuperAnnuation”, based
on capitalization. So each worker saves and invests a part of their salary to pay for
their retirement. In this way the Australian system is similar to the one in Chile. The results are outstanding, the program has
allowed people to generate large quantities of savings which have been invested in the
productive economy. Besides, all this money saved has launched
the finance industry. For example, Australia is already one of the most important markets
for investment funds. And it isn’t just that: “Australia leads the world growth in finance
technology” – ICEX Third, in 1995 they started the National Competition
Policy, the aim of which was to reduce state interventionism in many sectors. This program allowed the elimination of, wait
for it, almost 2000 rules and regulations which restricted competition. Also, an ambitious
program for privatization and elimination of state monopolies was launched. Want an
an example? Well, that would be Qantas. One, two, three! Big, major changes! And then
we also have budget stability, labour flexibility, and so on and so forth. And the result? Well, 25 years without a recession,
an economy with no unemployment, and an average salary of more than $5,000 a month. And that’s
not even mentioning the tons of foreign investment. Sounds pretty good, right? Well, we at VisualPolitik will draw the conclusion
that is is wrong for a country to blame the price of raw materials for a financial crisis.
They simply didn’t do their homework. And you know who did? Yeah, Australia! So, what do you think? Do you think that Australia
is a great destination for the wealthy? Do you think that the country could be to the
21st Century what the USA was to the 20th? Let us know in the comments below. And as always if you enjoyed this video, please
hit that like button below, and don’t forget to subscribe for brand new videos every Monday
and Thursday. And I’ll see you in the next video!

100 thoughts on “Why is there NO CRISIS in AUSTRALIA? – VisualPolitik EN

  1. Australia was New Holland i dont know who gave THIS name "Australia " i think they stole it from Austria ๐Ÿ˜‚๐Ÿ˜‚

  2. Wot a load of cods wallop!!! My cousin in Brisbane says there's a real problem with Sudanese gangs… attacking people for no reason… go get some REAL info Bluey… (heard u had red hair)….

  3. 3 years later we have massive Negro gangs running wild stealing and beating people up(often because they are white) doing what they do everywhere else in the world.
    I forgot its racist to point out people of a specific colour do the same(backed up by crime stats) everywhere they live on this planet without exception…

    My bad…

    Civilization always destroys itself, it reaches paradise and the people of the time don't realize it… So they have to make up problems

    The human psyche is designed to look for problems to solve.. and it will always find them no matter how perfect or good life is people always think it can be better. Whats funny is "progressives" if they got everything they think they want current society to morph into would then be "conservatives" because they would want those things to stay.

    The insanity of being human.


  5. Say thanks to Captain Cook and the mass genocides of native tribes and introducing new diseases from europe.
    British would have done the same to us Indians. Thank God, we kicked them out.
    What's the use of such rich sophisticated life by costing other lives and their freedom and exploiting nature?

  6. Australia exports their disaster to third world country like Malaysia. They mine heavy metal ore in Australia but build the processing plant in Malaysia so that they don't have to deal with the radioactive waste generated.

  7. Australia won't be treated so well once the USA gives up their guns, just letting everyone know

  8. I guess the old saying about the grass being greener from the other side is true, its nice to hear positive things about our country but unfortunately you are factual wrong about a lot of things, too many to mention.

  9. There's is. Is called chronic government corruption. And its ripping innocent Aussie parents and their kids apart everyday all for money.

  10. Yes, but you have to be 70 years old before you get your money back. That's ok for teachers, doctors, and so on, but try being a brick layers laborer until you are 70.

  11. For all you sad sacks, it must be hard to deal with all your first world problems. I live here and we have it pretty good, not perfect, but I wouldnโ€™t live anywhere else. Just donโ€™t vote Labor and all will remain stable.

  12. Australia is heading toward a very large crisis, the entire property market is on the edge of collapse. Comparisons could be made to the U.S housing crisis of 2008

  13. You have not lived there obviously and have only talked to the millionaires. this country is going down the drain, real estate bubble caused by the millionaires and banks have ruined the economy and racial immigration has ruined equality.

  14. This is a propaganda video for capitalism. Capitalism is failing the majority of people in the world.

  15. What a load of rubbish. Only the wealthy need apply.
    Australians live in a corrupted democracy where big business fund both political parties. The result is banks ripping off customers and criminal money laundering as exposed my a royal commission with the terms of reference set by the LNP without consequence.
    Billions of dollars being ripped out of the country in mining and gas exports with bugger all return to ordinary Australians.
    Tax loopholes you could drive a bus through so that the wealthy pay bugger all taxes with the tax burden placed on pay as you earn tax payers.
    Australians once made cars washing machines and hills hoists Tvs telephones lawn mowers, clothes and just about everything else. Those jobs have gone.
    Farmers drove nice cars and were not reliant on government handouts as many are today. The free trade agreements put an end to that.

    If you are a millionaire you will do well here but if you are a battling worker life here is not the "lucky country". The real unemployment figures you will never know as underemployment caused by casualisation means that a few hours worked a week will count as you being employed.
    Life for us working Aussies is a struggle with high immigration levels being used to ensure high levels of competition for both housing and jobs.

  16. Wow…..heaven on earth….who went newzealand to kill hundreds of innocent people???? Whose parliamentarian was openly supporting him and idea that Australia is only for white people??? Many many many minorities are deprived and no job is available….where????? Heaven on earth

  17. It might be a great country if you have money, but since we are taxed on everything except the air we breath (give it time), you will find it very difficult to get ahead. Owning your own home is out of reach for more and more people. In Perth, everything is expensive – rents, food, clothing etc. And it's bullshit there has not been an economic crisis since Gorbachev. Lots of errors.

  18. Lucky country? Dumb country more like it. We lead the world in per capita carbon emissions, and our politicians want to open more coal mines and build coal fired power stations. We lead the world in species extinction. Even our politicians have investments in offshore tax havens. We have officially no empathy for refugees. Multinational companies pay no tax. The rich get richer and the poor get poorer. And the gummint is hell bent on running down our health system to match the USA. Oh, and we are allowing the Chinese to buy all our best food producing land and sell university education to foreigners ahead of educating our own young people.

  19. Immigration policy is destroying Australia. It is quickly losing it's identity. It is not a melting pot culturally. Although America has many faults it also has a constitution that allows for a greater republican democracy. This gives it a better check and balance system. Most importantly AMERICA is a totally sovereign nation and Australia still has a leash from the UK on it's neck.

  20. "NO UNEMPLOYMENT"..!! Ha.! Ha.! Ha.! Ha.! Ha.!
    F#@K YOUR FUNNY..!! NOT..!!

  21. Australia:
    Defeats every crisis that world faced in last 26 years,
    Still were defeated by Emus almost 90 years ago.
    So who is better Humanity or Emus, I guess Emus wins this round.

  22. You neglected to mention that Australia and the US are two completely different countries. Australia has 25 million people and we have over 300 million, huge difference man

  23. Australia felt like a lucky country, back in the 1970s when annual salary to house prices was 1:3 and a mechanic could give his family a good life on one salary. We borrowed our way out of 2008 and now this population of 25 million owes one trillion in foreign debt that it can't pay back all because they were too afraid to have a recession. There is no escaping the pain to come, but that won't stop the bloody stupid morons running our country from blaming everyone but themselves.

  24. I am to old to move from the USA where I have done well. My father served in the U.S. Navy during WWII on a hospital ship. They would take the wounded to Brisbane where they were treated well as Allies. Same for Auckland New Zealand. Australia offers opportunity to young smart well educated people because like all English speaking countries including the USA. The rule of law protects us all.

  25. You say Australia is an improved version of America but in both countries the quality of life you enjoy depends on what state you live in and what is most important to you. In Texas the speed limit is 85mph and you can probably get away with at least 5mph more. In Most states in Australia 90mph would result in your car being impounded and a fine that is just rediculas. There's no point being wealthy if you can't feel free and in control of your own life. Absolutely everything is done to stop you from enjoying cars here. Radar detectors are banned and in Victoria most police cars are unmarked. Cameras are everywhere and instant on radars patrol even the most remote areas to the point where the police car and you may be the only cars for miles. The police, despite being the least educated of all public servants are commonly referred to as the experts by politicians who enjoy the one point one billion dollars a year that speed cameras and police generate in revenue. Iff you like cars America is still better.

  26. hahahaha loking down at the comments and my guess is most of the negative bitching ones are australian, i couldnt help thinking how much we take australia for granted, for decades weve called poms whinging fucks, maybe theres a bit of pot and kettle there cos all there seemns to be in australian society are bitching privileged white aussies, me being one of them at times too, when compared to most of the world weve reallly got fuck all to complain about, and theres no excuses for able bodied australians growing up cos theres everything avaliable to every australian to get somewhere in life and prosper, so thanks in a way for opening my eyes kinda, thou the american referencve is a bit cringe worthy, cos in general australians have tended to unamericanise themselves since the 80/90s when influx of americana started changing everything in pop culture m and theres been a reverse trend since then, so pukk ya heads out of ya ass if ya having a fucking moan and make the most of whats

  27. Fuck off dog this country is run by and full of racist traitors and murdering thieves with a fucking jackboot militarized police force .

  28. Stop comparing us to America. We sit under the monarchy not a bunch of weak cowards who are trying to become our rulers when in-fact the people are the rulers and if anyone says differently your a traitor and should be in a prison.

  29. record poverty levels,
    highest land clearing record of ANY country in the entire world..
    highest taxed, per capita
    highest infant mortality in Indigenous Peoples, anywhere
    highest foreign debt per capita
    highest personel debt per capita
    highest mamalian extinction rates of ANY country
    Most coups be any country[illegal non elected transfer of leader to prime minister [a election should be called an the people decide whether the suggested leader should lead the country.., not the ''party''
    one of the highest poverty rates in the western world

    the only reason alot of money men are coming here.is the total support of big business over the people, and human rights..

  30. The No Unemployment in the last 25 years thing was dead wrong, other than about 18 months from late 2006 to early 2008. 1.5 years out of 25 years – I'd give that claim an accuracy score of 6%.

  31. Its interesting to know what outsiders think of Australia. Because here in Australia we complain about everything.

  32. The world must be a disaster if you called places like Logan, Sunnybank, Chatswood, West Sydney `lucky`. Best of the losers maybe.

  33. This must be an old Video… right now Australia is flooded by Asians, Indians and Muslims. Australia is falling apart.. Foreign investors own it all.. this place is not designed for such a High population.. there is not enough water and electricity.. the roads are all congested and the public transport system is also clogged.. so yes many things mentioned on this video is kinda true but it ainโ€™t exactly like the video says. itโ€™s overflowing with population and not doing so well. there is drought and we have water restrictions, power outages and lack of car parking in Sydney. High petrol prices.

  34. The cost of living in Australia is astronomical and itโ€™s simply due to inflation and the small population. Itโ€™s a country with no progression or ideas for the future. With overcrowded cities and poverty on the rise, itโ€™s a country with a crime rate that is growing day by day. Australia is a nanny country with laws that punish its citizens so state governments can revenue raise. In 2017 alone, the Victorian state government raised $780 million in revenue from fines. The government is killing small business and big business is taking over. The government of Australia is only interested in taxing citizens in every way shape and form. Australia is just too expensive.

  35. Being and Australian we do have a road block to growth its called the labour / greens parties . We do have a high unemployment ( its just hidden by how you word "unemployed" ) . We have a high immigration rate that is growing faster than the cities can keep pace . We have a massive water problem due to fast growth . And we are now having a power problem due to stupidity of the government relying on high cost wind / solar to replace our cheap to run coal fired stations . Yes folks we have our issues just like any other country but we are the lucky country because of the hard work and thought by those who where here before this generation .

  36. one phrase is the reason why australia is so good, She'll be right mate, this additude is why australia is so good

  37. All Australians cringe when our politicians take the credit for Australia not having an economic crisis for 26 years. Here's a little secret, we have been selling millions and millions of tonnes of coal and iron ore to China to stave off a recession. The politicians are riding the coattails of selling Australia off!

  38. "an economy with no unemployment"??? That's the biggest load of bullshit I've ever heard. Hey reporter, did you know our politicians fudge the stats regarding the unemployment rate? You can be working only 1 hour per week (yes, one hour per week) but you are technically considered employed. BTW, our unemployment rate sits at roughly 5%. Bet you didn't know that buddy. Have you also heard of 'under employment'???

  39. I hated Paul Keating and after nearly 30 years, I still canโ€™t vote labor. He gave me a recession when I finished high school in 1992, it took until 1997 to get my first full time job

  40. Yeah Labour offers change diversify, interm of space industry and a new fuel that could make us and our economy richer yet we choose stability…that is sux ,you that have been blessed with wealth, please stop middling with our political systems, or it might be like the country you come from,
    Take care of our home nation.

  41. The cost of living in Australia is pretty expensive for a working class person.
    They drive on the correct side of the rd as far as I am aware , same as Britain and a couple of other former colonies.

  42. How many people get killed by the nasty creatures. Very few. If you see a nasty creature just don't play with them.

  43. Please Note> "We just passed 25-Million population" ๐Ÿ™‚ That we have a gross domestic product greater than Russia is pretty shocking., Very informative. Thanks ๐Ÿ™‚

  44. Oz politicians are by no means perfect but politicians from all major parties agree on one thing–being selective in which immigrants to accept. This has spared Australia from many of the problems faced by the US and Europe where this consensus does not exist.

  45. Aus is finished..Successive neo con Govts, Banks and the WTO and G20 Globalist forces have bought our politicians. Late last Friday the Aussie Govt. passed legislation that means they will ban cash payments…starting big but with provisions to scale down to whatever level they want. Worse than communism…

  46. Hate to be negative" but there is a civilization shift in progress in global economic and military power because the global sovereignty conditions have become compromised and weaponizing of current global dollar. The US democracy system is being rejected as it's misused and broken! Nowhere will great to live for a while soon as the entire western economy sham is coming undone. You will see.

  47. One thing, The Queen of England is not Australia's monarch, Australia's monarch is ''The Queen of Australia'' who happens to also be the Queen of England. Just an aside.

  48. No unemployment! Not accuratw. Under 35 facing Housing shortage causung spiral in rent and property and 400k immigrants annuallu coupled with 1/3 population aging baby boomers is creating strain and impact on narions medical ans social services not say dramatic increase in crime aimed at more vulnerable via home unvasions, car jacking and facr certains areas of cbd and poorer suburbs are no go zone cause of lack of policing coupled by legal system plagued by out of touch legislation which allows criminals use courts like revolving door. Unless you millionaire then you deal with influx of rich immigrants wgo buy their way and look down at resr. Too real. No apologies being brutually honest

  49. The only people who think Australia is great are Foreigners,wages are poor ,house prices are ridiculous ,many dangerous insects and animals /reptiles and now an immigrant crisis of Muslims so great huh !

  50. I donโ€™t know how u can say no unemployment. In oz our youth are in dire straits no employment people losing their jobs everywhere electricity is out of control people losing their homes cost of living and housing is outrageous you have not done ur homework used to be the lucky country no more and the government helped to bring down Trump disgusting no wonder they are all worried sad very sad

  51. YES There is.. But THEY Just COVER It Up like a lot of Countries do.. Always Was Always Will Be ABORIGINAL LAND ๐Ÿ‘๐Ÿ‘..

  52. Kudos to Oz for their success. Personally I believe the MOST important thing that Oz has done right for ..well forever!…is their extremely closed immigration system. It's not easy to immigrate to Australia and they don't just let people stay after arriving illegally. They deport them immediately. Sort of the opposite of the USA. when I was 48 years old I contacted the Oz immigration system to inquire as to my options to immigrate to Oz as a USA college educated business professional with 15 years of high end IT experience and entrepreneurial experience with no criminal record. Well in a couple of weeks I was informed in very clear and short words that Australia would not be interested in me as an immigrant as that at 48 years of age I would not live long enough statistically to pay the targeted contribution in taxes before retirement age.

    You read that right. Australia was very blunt; Yank don't bother applying because we won't accept you.

    I wasn't angry as Oz is their country and they weren't interested. I respect that.. .

  53. they don't have obamas and democrats always out to make slaves of the minorities and pushing for more socialism. if not for corrupt democrats in power in many of the big cities they wouldn't be so filthy and run down. they run them like their heroes in the old soviet empire. and pocket all the federal funds snt to fix things. also they don't pander to unskilled, illiterate peasants who sneak in and squat and the democrats and squishy republican collaborators knock each other over to offer them goodies to buy their votes. and virtual slave labor. australia tows their would be illegal aliens in their boats to new guinea or someplace else and keeps them in camps until they get tired of it and go home. as europe goes under due to the muslims and the socialism maybe they will go to australia and take their skills with them. a better class of immigrant than some jungle dweller peasant who can't read or write their own name and couldn't find themselves on the map.

  54. AUS, USA, EU,…etc. If you have money, you can live lavish life in any spot on this earth enjoying life, if you din have it, you get up early in the morning work hard the whole day for those who have it…..the result you both live your time and at the end you both leave this rotten life…got it.

  55. Australia is still at its foundational stage.
    It already has a religion that will take the world by storm — AFL – Aussie Rules Football.
    AFL – will bring peace to the world – because everyone will be too busy screaming at the umpire.

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