Australia's largest stock trading and investment forum Australia's #1 stock forum

You are talking out of your hat. Luxembourg benefits from a...

First 17 Last

Share
Profile

Follow
TheSpaniard

2,958 Posts.

574

07/03/23

01:06

Post #: 66635737
Share

Originally posted by moorookamick: ↑

PS:

IMO in order to judge how Aus is doing globally, we should compare/
contrast Aus with the top 5 global economies in relation to nominal wage,
GDP/Capita Nominal and PPP.etc etc

For example why has Luxembourg $131,000 USD/Capita and it is the
world's second biggest producer of steel despite its steel workers being highly paid , highly unionised
and it has to import its Iron Ore & Coking Coal? Its biggest steel producer is ArcelorMittal.

We are the biggest producers of seabourne Iron Ore and Coking Coals yet we cant seem
to get our act together and compete with a backwater such as Luxenbourg....eh?

Clue: Luxembourg plans its economy but we dont....We follow the market which is dominated by Multinationals
and we are riddled with negativity....IMO.

Expand

You are talking out of your hat. Luxembourg benefits from a ‘light touch’ economy, which is the exact opposite of what Labor stands for.
1 Upvote

Reply

Top Stories

MGX

Mount Gibson gets into gold with 'attractive' $50M Central Tanami joint venture

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

WCE

'Exceptional start' for West Coast Silver in Elizabeth Hill's maiden drill run

NOX

Noxopharm gets HERACLES autoimmune trials started with first human doses

First 17 Last

SPONSORED BY