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Singapore has learned to skim our resources by providing a...

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moorookamick

23,957 Posts.

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25/03/20

13:09

Post #: 43690265
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Originally posted by moorookamick: ↑

We have missed the bus in self sufficiency and trade diversification:
-we should have ran a railway from Longreach to the Pilbera & set up mega steel mills using WA iron ore & Qld Coking coal
-we then could supply steel to global clients as China, Korea & Japan are doing now using our Iron Ore & Met Coal.
-we have spent over $60 billion on a silly NBN which is just about obsolete rather than using this morey to develop our steel making.
-we allow alcan and others to turn bauxite into alumina , quench it in bars and export it rather than moulding it into auto castings etc
so , again, that we can diversify trade & add Aussie value & jobs.

How do we think that Germany, Japan Korea & China became manufacturing behemoths ? It was through Government's initiatives and financial support. Take a piddly Singapore as a modern example how a country can prosper with good Government leadership. Our silly mob follow the market rather than leading it because the Multinationals say so to protect their monopoly interests.

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Singapore has learned to skim our resources by providing a market hub for BHP RIO FMG etc and managing a commodities futures market.
A few years ago it had the adacity to try to buy the ASX!
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