Don't forget housing. Sydney's house prices are absolutely fucked, the average house price is $1,000,000 now despite wages not going up that much. Apparently there are more investors buying homes than people, and it's being driven by the way bank money works (i.e. they fucking counterfeit that shit legally and make money when they loan it) and stupidly low interest rates.VoiceOfReasonPast wrote: ↑Fri Jun 30, 2017 4:09 pmI'd say a good chunk actively harms society with speculation bullshit driving up prices. They're basically gambling with food and stuff.
It's not just here though. Canada, the UK and other parts of Europe are going through this shit too.