Did Australia learn anything in the last year?

[schnootle]

When the first home buyers grant was running out i got a call from my bank asking me if i was interested in a home loan and I regularly get letters offering me personal loans (either my bank or citi) and credit cards.

Harvey Norman and the like are awash with 500 days interest free crap and bloody savings and loans wont stop hocking there car loans to people with lines "want a car but dont have any cash".

It seems lately that Australia may in fact move through the whole GFC thing with hardly a scratch - i find myself wondering if in the long run it may have been better if we got hurt a bit more, because we dont seem to have learnt any lessons.

Is everyone going to go back to their old ways until it all happens again?

 

[Mr J]

Is everyone going to go back to their old ways until it all happens again?

I think it is human nature to do so. I'm sure some people learned something, but we seem to fall prey to the same events over and over again.

 

[dutchie]

Is everyone going to go back to their old ways until it all happens again?

Yep

 

[Sdajii]

Most people don't really learn much, they just are what they are and react to situations according to what they are and what is happening at the present time. Things change, but people stay fundamentally the same.

 

[lasty]

Did Australia learn anything in the last year?

If they did they wouldnt have Rudd so high on the popularity poll, so the answer is Nah.
Australia still suffers being the victim of the spruiker.

What makes things worse is that bureaucrats have adopted a nanny state ideal. Its false protectionism.

 

[Wysiwyg]

It seems lately that Australia may in fact move through the whole GFC thing with hardly a scratch - i find myself wondering if in the long run it may have been better if we got hurt a bit more, because we dont seem to have learnt any lessons.

Being hurt is not necessarily connected to punishment. Assuming everyone should be punished (for what I don't know, GFC?) is tarring everyone with the same brush.

Unless you and I would like to buy again at all time lows.

 

[Amor_Fati]

If people learnt and remembered then we wouldn't have the boom/bust cycle we have. And we having been having that cycle for hundreds of years.