In practice this has also meant that the sheer amount of money being generated in oil and gas, lifting the national prosperity baseline, has obscured the inefficiency, waste, and economic losses occurring elsewhere in the system, such as failing to build enough housing relative to immigration levels, spending more for less in public sector service delivery, or treating government debt and taxation as free cash, instead of as the costly tools they are to spend more than we should. We can’t afford to let prosperity in key sectors blind us to the ways we are draining the prosperity well itself faster than it can be replenished.
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