If you want to see something depressing, have a look here. This blog shows that a lot of Australians want more government intervention in the their lives. Put simply, according to the surveys that are referenced in the blog, we love the nanny state.
One of the saddest surveys relates to special assistance for the manufacturing industry. Over 60% of Australians believe that rustbelt industries such as car manufacturing deserve a special handout. I can only assume that the people responding to the survey do not understand ‘opportunity cost’. Do people really think that a $100 million or so hand out to a failing private sector company is worth more than hospital beds, state schools, better public transport, and so on. Because that is the choice. The government doesn’t have a bottomless pit of resources to give out to self-serving industry. And giving out these handouts and puts the rest of its.
So what can we do? Perhaps revise school curricula. Perhaps every year 7 or 8 student should be taught about opportunity cost. Because I cannot believe that an educated populace would back self-serving business handouts above schools, hospitals, roads and so on.