Yeah nah, our super funds, particulalry the industry run funds have built a lot of the infrastructure and major construction projects in Australia and also internationally. Whilst ever there are BOO and PPP infrastructure projects going on, and there always will, especially with the development of asia, and in particular emerging economies like Indonesia and Malaysia which are very respurces rich, and to a lesser extent Vietnam which is just starting to grow thanks to tourism and finally having some stability in the country after basically a few hundred years of war.
Super will be around for a while, and it will be good a investment, unfortunately people see it as set and forget, or a pain in the arse that they have to give up 9% of their pay. I am lucky in that I have a very switched on finance guy and he looks after me pretty well. With the last couple of rumbles in teh stock market, he pulled my money out of their into other areas and then back in when it was again stable. I may miss the absolute peaks of growth, but I also miss the plummets in value.
The introduction of super by the Hawke Keatiung Government was one of the best things to happen to teh workers of the country, basically providing them with a good pension and there were provisions to keep those not at the start of their working careers with a workable and liveable aged pension. If the original plans as set out by Hawke Keating, the unions and business were carried out, we would all be putting in 15% of our earnings to super.
Unfortunately following governments have meddled and changed the original intent for super to meet their own short term goals to be re-elected in the shitty 3 year cycle we now have. And I have to say that this started with Howard. Great leadership and looking forward for the long term basically died in this country with the first Howard Government gaining power. There was a glimps of what could be again with the original NBN as it was supposed to be, but short sightedness killed that off quicker than an Amy Whitehouse binge drug session.