US political analyst Peter Zeihan has devoted a YouTube video to the coming economic plight of Australia. There is an extract and transcript below, but the short version is that Australia has been mainly a producer or raw resources such as minerals, a hole in the ground, without developing the industries and infrastructure for value-added. It has tied its fortunes to communist China.
Zeihan sees, as I do, conflict, if not war with China in the future, eroding this resource supply relationship. It will mean that the Australian economy will face its greatest crisis, and there will be a need to rebuild industries that have been left to rot in the quest for mass immigration to artificially generate growth. He sees Australia as about forty years behind time, which means our crisis when it hits will be a shocker. The video is well worth viewing.
