posted on Aug, 9 2011 @ 11:18 PM
reply to post by CherubBaby
Short term mindset. Australians have been saying this since 1990 and before- in fact when analysing certain aspects of Australian conduct from
1989-1993 one could come to the conclusion that Australia predicted American decline before the rest of the world . We have had an oppurtunity for a
long period of time to strengthen our economic ties with Asia and join an Asian economic alliance. While we have taken some steps our loyalty to
America based on cultural ties has kept us from asserting ourselves as members of the Asian world not just the Asian market.
@TheWalkingFox, I think you may be mistaken by your conception of Australian resources. We have massive natural gas, coal, uranium. iron ore deposits
as well as off-shore crude oil reserves. In fact the only reason why we didn't enter a recession when America and Europe did was because Asian growth
facilitated the purchase of our natural resources. Rember the period when America was inflamed for selling uranium to China?
We have the resources to sustain ourselves and many are right when they say we should enact policy to support local manafacturing. We definetely
should, but we must ensure it is both efficient and relatively competetive compared to foreign goods if tariffs are brought back. or we will see this
policy quickly reversed. My memory of Australian production was expensive, unreliable products. In a free market this just won't fly and what more in
the long term this will decrease the competetivness of our state in the global market.