We have missed the bus in self sufficiency and trade diversification:
-we should have ran a railway from Longreach to the Pilbera & set up mega steel mills using WA iron ore & Qld Coking coal
-we then could supply steel to global clients as China, Korea & Japan are doing now using our Iron Ore & Met Coal.
-we have spent over $60 billion on a silly NBN which is just about obsolete rather than using this morey to develop our steel making.
-we allow alcan and others to turn bauxite into alumina , quench it in bars and export it rather than moulding it into auto castings etc
so , again, that we can diversify trade & add Aussie value & jobs.
How do we think that Germany, Japan Korea & China became manufacturing behemoths ? It was through Government's initiatives and financial support. Take a piddly Singapore as a modern example how a country can prosper with good Government leadership. Our silly mob follow the market rather than leading it because the Multinationals say so to protect their monopoly interests.
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