Thread

The Australian Economy never ceases to amaze me. From middling Manufacturer to sandwiched between Uganda and Pakistan in terms of economic complexity in just 20 years. What do you see on the horizon #AUStriches? Are we going to start adding value to our Iron Ore? Become a nuclear power and develop worldclass machinery to enrich our Uranium? Maybe develop a chemicals industry to rival Germany with all our natural gas?
image image
StackSats.IO's avatar StackSats.IO
This is an interesting visualisation of the world’s wealth and population distribution. Look at global trends and play this forward, do you think the wealth will remain so concentrated on the West & East Coasts of the USA with that little population? Will Eastern Europe and Africa remain that relatively poor? How about India? How about SE Asia? In particular consider demographics in these areas. India with its 1% divorce rate and huge slack in human capital. Africa with growing birth rates, and SE Asia somewhere in the middle of those with stable but growing populations and improving infrastructure. “Skate to where the puck is going, not where it has been.” - Wayne Gretzky image
View quoted note →

Replies (7)

I see more of the same. To achieve any meaningful direction change we will need a bipartisan approach which seems like a pipe dream. We also need politicians with vision and are not so concerned with the next election cycle and woke bullshit. We are sadly lacking in both fronts.
↩ replying to bevo
I agree that not a lot will change any time soon. Maybe some smaller industries will pop up but I don’t see anything significant on the horizon. And whenever we do have anything innovative here it is inevitably lost overseas. And yeah I don’t really feel that we have had any sort of strong leaders with real vision in politics for many years.
Nah, will probably get more efficient at digging rocks out of the ground though. And I guess we still have education and tourism, right? I fear we will forever remain consumers of US IT services, including cloud, AI, quantum etc.
↩ replying to OzzyHB
Fuel excise. Prices are high because Government want to sting you every time you open your wallet so you can never build wealth and become independent of their system. Go look at the Teals bitching about LNG - Japan are buying our shit and re-exporting it because they have a fleet of tankers. We now have ZERO, I repeat, ZERO Australian flagged merchant ships. If a real Covid hit tomorrow the country would grind to a halt in a week and be MadMax within a fortnight.