27/06/2026
Handy thoughts here about community . . . what does and does not work; the story at the start got me in and reminds me of our community gardening:
Handy thoughts here:
"Let me start with a story.
In 1864, within the space of 4 months, 2 Australian ships were shipwrecked on Auckland Island, south of New Zealand.
The first, the Invercauld, was wrecked on the northwest of the island. Its captain, George Dalgarno, took the approach of ‘every man for himself’. The crew splintered. The strong abandoned the weak. One desperate sailor resorted to cannibalism. Within a year, only 3 of the original 25 had survived.
The second was the Grafton, wrecked on the southeast. Its captain, Thomas Musgrave, took a different approach. His 5 sailors worked together. They built a hut, shared food, cared for one another and even made a chess set to keep their minds alive. After 18 months, they sailed hundreds of kilometres to seek rescue. Every sailor survived.
The setting was the same. The social bargain was different.
We economists spend plenty of time talking about capital. Physical capital is roads, bridges and machines. Human capital is education, skills and experience. Social capital is the invisible infrastructure of a country: whether people trust one another, join together, volunteer to help the needy and feel responsible for more than themselves.
When social capital is strong, communities solve problems sooner. Businesses transact with less friction. Governments of different stripes collaborate. People have someone to call when the diagnosis comes, when the house floods, when the job vanishes, when the neighbour needs a hand.
When social capital weakens, a country becomes lonelier, scratchier, less resilient and harder to govern. Everything takes more checking, more guarding, more legal drafting, more suspicion. The national mood gets brittle. Problems that could be solved around a table are left to fester."
I acknowledge the Ngunnawal people, the traditional custodians of the land on which we meet, and acknowledge the vital work that First Nations leaders do to build community.