Date: 2012-08-14 04:46 am (UTC)
New zealand... well, they have a *miniscule* population, and a great deal of natural resources. They are a major tourism destination, and a final destination for a lot of global wealthy.

They actaully *do* have pretty good healthcare... at the moment. They are running budget deficits on the order of 10% GDP, which means that they will be doing the greece thing in a *very* few years.

http://en.wikipedia.org/wiki/File:NZ_Govt_debt_1990-2011.svg

Not promising.


This is one of the things that is always a little.... perturbing about liberals from temporary countries, they talk about all the wonderful things that they really *can't* pay for, and act all superior about the fact that they are bankrupting themselves and consigning their older selves and their posterities to poverty, misery, and death. That doesn't really seem like "morally superior" to me, it seems like the behavior of spoiled playboy children.
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