The Market Has Failed Renters In Australia

6 mins 1 yr

We have had 40 years of people in power telling us that the market will take care of everything. That market forces are the most efficient means of regulating all aspects of our lives. This economic mantra has been repeated by those on both sides of the political divide. Admittedly with more fervour by those on the right with a conservative bent. Well, Australians cannot afford housing, with both renters and first home buyers struggling to put a roof over their heads. The market has not looked after the most basic needs of the many in this regard. Governments have failed Australians and seem powerless and hardly inclined to do anything about this state of affairs. The market has failed renters in Australia and is eating up the livelihoods of a third of Australians.

Economics Fresh