Albo to the rescue

[facthunter]

You can see examples all over the World. China is in the best Position with a Large Population able to afford stuff.  No one can Match them. Nev

[Jerry_Atrick]

I am not meaning to be a sinophobe, but China is positioning itself to be a global superpower like no other. Like the many countries but more recent stark examples such as Japan, Korea, and Taiwan, they start with a cheap labour force and other factors of production and start manufacturing the basic goods.. almost commoditised types of goods. It is cheap, breaks and generally OK to throw away after a while But then they invest in technology and manufacturing processes and their cheap goods soon become durable and relatively high quality. You only have to look at the Chinese car manufacturing industry to see how that has come leaps and bounds in a very short period of time - about 10 years in major exports (yes, they have had a domestic car industry for  much longer time and they have been exporting cars for a longer time, too.. but not at mass scale as today). 

 

Certainly in my life time, Australia never really enjoyed comparatively lower costs of labour or other factors of production. So we are always going to struggle to compete. Although there was a vibrant manufacturing sector, it was largely domestic.. 

 

Now, China is advancing into the high tech manufacturing and doing a good job of it. But unlike the other countries named, there are two major differences: the population and size of the economy as its wealth from exports increases.. and the government still has largely autocratic control and it decides on the allocation of resources, unlike western type economies where managers focusing on the short term share price and bonuses as a result decide the allocation of resources. And the Chinese government plans for the long term. With a cashed up government thanks to exports and control over industry, China is perfectly placed rise to be the (not a) global superpower.

 

That is a little dramatic but not improbable. 

 

Sorry for the thread drift. 

[Jerry_Atrick]

On 06/11/2026 at 10:59 PM, Jerry_Atrick said:

He could do his bit to reduce the debt further - property tax gas exports, reduce corporate welfare, etc. But the press don't like that. 

Here is someone who has a plan to help people. I haven't seen the whole press conference, but we need more people in politics thinking like this:

 

Note, it is mainly foreign shareholders that really benefit from the current arrangements and yes, business won't like it, but when there's enough money still to be made, they will stay Norway, Qatar, and a host of others have proved it. 

[facthunter]

Shoebridge is another reason I've given up on the Greens. Nev

[Jerry_Atrick]

I haven't seen his whole press conference, but everything in that snippet made sense at least to me. Of course, I would go for a complete and radical overhaul of how taxation would work... 

Edited 10 hours ago by Jerry_Atrick

[facthunter]

I'm not just going  on what he said there. Nev

Edited 10 hours ago by facthunter