PS: In the event of an all out Trade war between the USA & China,
we'll be the economic canary in the US Economic mine...IMO.
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Subs: Let's cut to the Chase
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Australia not only stands to gain NOTHING from those submarines, we face the prospect of LOSING heaps:
. Causing further damage to our relationship with our major trading partner - China, perhaps even pushing it further into Putin's World.
. Enabling even more US businesses to replace Australian exporters into China.
. Shelving investment in a more productive and expanded public education [including exports] sector.
. Shelving investment in public health and crucial public services.
. Shelving investment in upgrading the Coalition's third world NBN to a first world FTTH one.
. Shelving investment in the transformation of Australia into a global exporter of renewables sourced energy.
. Shelving investment in core infrastructure including very fast rail between state capitals.
And for what ... to protect the perceived vested interests of our wealthiest and most privileged 0.5% and those of multinational corporations which pay virtually $No $Tax in Australia on what they earn from Australia.
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