|
Australia is not that lucky - we're far too reliant in primary resources, with almost no secondary industry. Australian manufactured products are generally expensive and poorly made when compared to overseas competitors. We have a good technology sector but unfortunately we don't really make the most of it like the US does.
Since we're so tightly knit with the US, we'll almost certainly go down very badly if the US economy collapses as I suspect it will. China must be laughing all the way to the bank now - they have US businesses established there in China, they almost certainly have work spies placed as well, who pretty much know all of the trade and manufacturing secrets from many industries (meaning China can always move to clones etc at any time it wants, and given their size and economy, who's going to dare argue with them?). US companies are already moving staff offshore to save a buck, and if wasn't for that, there'd be an even worse US economic scene. The wealthy are trying to return their wealth, but at the expense of the US economy and US people. These rich mongrels have no compatriotism to the US, they'll move wherever the tax is lowest and they can keep the most profits, especially if they see the US economy going irreversibly South.
Dave
|