We should have pushed Aus into international trade via manufacturing
rather than doing the opposite and being China's hole in the ground mine.
We dont have an industrial plan because the Multinationals that control
our economy simply wont let us . Once the taxpayer pulled the plug on
corporate welfare :GM (Holden) , Ford, Toyota, pulled up stumps and moved to
Thailand and elsewhere.
And even our phantom Aussie companies (BHP 92% foreign owned) RIO (88% foreign owned)
abd Shell (100% foreign owned) have been nailed for transfer pricing via their Singaporean
Marketing Hubs by the ATO. And successive Governments have done a tweedly dee/tweedly dumb
while these rorts were happening. As well as not adding Aus value to Aus raw export products , they
want to smuggle the profits out of Aus tax free!
If they were to do this in China the responsible execs would be jailed
and what do they get here?
"Play it again Uncle Sam!......she'll be right "
But back to the topic:
The simply reason for China's rise is that China planned (and we didn't
Here is a summary of Made in China's Goals:
The objective here is to compete favourably with the German & Japanese manufacturers in quality/price
