IMO the Aus combined Governments debt is fast approaching 100% of GDP with more to come (eg The Olympics, NIDS, Aukus etc). As such we are following the USA down the debt rabbit hole, IMO.
Unlike the USD, our Peso is a commodity currency and if China continues its sourcing of energy and minerals from BRI members , we'll be left with the debt and a reduced national income. (ScoMo legislated anti-BRI legislation which, IMO, over the longer term alienates us from China trade which has been our economic saviour over the past 20 years.
At present there is a lot of talk about capitalising on the Green Economy but so far its all talk.
We need downstream processing of Green Aluminium and Green Steel but as with other manufacturing projects , we'll likely leave that to Multinationals highly subsidised by the taxpayer.
Solution: Green manufacturing in SEZs with the manufacturers Aus owned As such we can diversify trade away from China , capitalise on our US relationship support our Peso and equitably distribute the profits starting with lifting the PAYE tax free threshold to $45K (the minimum wage).
