Children who use the “but everyone else was doing it” defence don’t usually get very far. I remember my mother retorting: “If everyone else was sticking their head in an oven, would you do that too?” But while sharing risks may not be a great idea for kids, it is, it seems, the most popular way to invest trillions of dollars.
Click the link to read the full article.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Climate crisis escalates cost-of-living pressures
A new report has found direct connections between the climate crisis and rising cost-of-living pressures. Failure to lower emissions now will only aggravate the crisis, with each moment of inaction compounding the pressure on households.
You know what’s more idiotic than a photo op? Walking blindly into the AUKUS pact
There was a lot of hysteria over the symbolism of former premier Daniel Andrews’ photo op with assorted dictators at a Chinese WWII military ceremony, but precious little discussion or analysis of the so-called threats to Australia’s security.
Most gambling losses are from at-risk gamblers
Australia has some of the highest rates of gambling in the world, with a third of Australian adults using poker machines at least once a year. But it’s a past-time that could be riskier than you think: At least $10 billion of the $13 billion that Aussies lose on pokies each year comes from exceeding