IMO, Keating has a big picture perspective which is missing from political leaders today.
Its ironic that superannuants on these threads bag Keating when he was the one to set up Super and converted many working class retirees into capitalists.
I believe that Keating is right that we should have concentrated on developing good relations with Indonesia rather than following the US into M/E wars.
That said, Keating messed up his figures:
He said that China's GDP was 25% bigger than that of the USA without qualifying that as GDP (PPP) & not in USD.
He then cited US GDP per capita being $60K & China's being $10K He also cited China's population as being 1.4 billion
Well 1.4 billion multiplied $10K is $14 Trillion....nor $24 Trillion (The US GDP is $22 Trillion.....Keating rounded it down to $20 Trillion)
I was surprised that the numerate in the press gallery did not pick this up
Either the economies including GDP/Capits is measured in PPP or USD not PPP in one & USD in another for comparative purposes
