Analysis: "It's China, stupid"

"It's China, stupid." With apologies to former U.S. president Bill Clinton, that's the big issue Australia should be debating in the current election campaign, but isn't.


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NOT FOR PUBLICATION Tim Felicitations. Nice to read some intelligbile and intelligent journalism that provides accurate information on our present location almost as if the EPIRB signal has been received. Australia is a commodity based economy. Our future is therefore inextricably linked to macro forces beyond our immediate control. The only rational option is to have shock absorption by: 1. diversification into industries unrelated to price taking commodities; and 2. generate surplus's in favourable times to ride out unfavourable times. We have not done a great job on either front. The consequences will become obvious. Regards Teague

Dear Tim, Your last two paragraphs, spooot onnnnn. When will our Politician WAKE UP, when will this country WAKE UP, why are we in such a HURRY to dig up all the minerals, why can't we manage what we have with the manpower we have, at a pace suitable to this Country. Don't forget, after we have dug up all the minerals and sent it over sea, we are left with cocntaminated soils, waste, and this country will still be in DEFECIT, as we are now. STOP SELLING AUSTRALIA AND THE FUTURE OF OUR CHILDREN.

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