first - I don't think we are mentally capable of doing it ---------- but,
the ONLY defence for Australia is to build a REAL economy -
REAL businesses - and NOT sell them off to foreigners - like we have the vast bulk of resource companies
stop putting money into fake house prices ------ that generates zero - and, can fall on it's r's at a moments notice with a conflagration of conditions
raising interest rates/inflation
low immigration
those two in combination would befall our housing market like dropping a brick on a butterfly
will they happen?? who knows -----------what we do know is that we measure our wealth by our house prices - which are fake - it's that simple
if we did have the mother of conditions that dropped our house market - gone are our banks and gone is everything else
no reliance on our resources -------- we are dependant on the royalty flow from foreigners exporting our ore ---------- nothing else
it's not in our control
I think it's far too late - but, what we need are diversified industries - IMO - R&D and development industries ---- not manufacturing -
just invent and licence smarts - it's the way the world is going - that, if nothing else is crystal clear.
