NorthOfNorth wrote on Mar 23
rd, 2021 at 4:54pm:
NorthOfNorth wrote on Mar 23
rd, 2021 at 3:29pm:
tickleandrose wrote on Mar 23
rd, 2021 at 11:27am:
Perhaps now its the time for Australia to reconsider on its position of free trade, and free market capitalism.
One of the reasons that Australia has lost its manufacturing capability over the years is because of outflow of investment to cheaper countries. And this not going to change. And by virtual of free market capitalism, it is entirely legal to off shore jobs if it means cheaper prices on the expense of Australian jobs.
Perhaps we should change that.
Perhaps Australia and other developed nations should consider not benefitting from the, CCP-created, enslavement of Chinese people press-ganged into producing cheap exportable goods.
Wouldn't Karl himself roll in his grave to think that the sewage that is the CCP enslaves workers more effectively than the British upper classes in 19th century Britain?
The CPC is really communism in name only, it had never being, a communist state. Currently, for the past few decades since Mao's death, it had been running a hybrid version of state controlled capitalism. Which, it seemed, to be more efficient at producing and controlling than our system. I am not saying that it is a good system for freedom or the people, I am just saying the underlying economic efficiency.
For example, in Australia over the past decade, various governments had tried to build a rail line from Melbourne CBD to the Airport. There are differences in opinion about when, where and cost by different parties over the decades. And so hundreds of millions of dollars were not spent on actually building and planning, but rather to study it. And this is replicated almost in each and every infrastructure projects in Australia. Ultimately, this resulted in an fasting ageing infrastructure that is getting too old or small for use, but too expensive to expand. E.g. the rail way network in Melbourne is based on a skeleton network that was built in the 1950s. Its tracks are getting so old, that it would not run if its too hot or too cold - in Melbourne - a place where temperature variation arent that great.
This lack of efficiency then caused overall productivity of Australia to be inefficient as well. Which then increases the cost of production. As so under our relatively free market capitalism, Australian businesses starting to seek production else where.
Now, in the past one can say: " sure! That means only the cheap and nasty stuff coming from China." But, they have foreseen that as an issue. And so, whilst we are doing our best to push our intellectuals overseas with our economic policy, they were head hunting all over the world for talents and patents. It is upto a stage where, international experts have concluded that their 5G technology is competitive if not superior and cheaper than US technology. And furthermore, they have already (about 10 years ago), started to experiment with 6G. This is something that we in Australia have no means of compete due to our policy.
Just another example, very quietly, in 2020, Chinese made cars have taken over popularity over German made cars in Australia.
The situation is dire for Australia. I believe, we need to first take care of ourselves and make our country better, and be more competitive. Perhaps, this trade dispute with China is the wake up call that Australia needs.
Forum
Pages: 
