Post from April, 2011

WTO Warns Australia that We are Becoming Fat and Lazy

Wednesday, 13. April 2011 20:02

Peter Martin, a respected commentator for the Fairfax Sydney Morning Herald and The Age today had the courage to challenge what is increasingly appearing to be a blind religion in Australia’s national psyche and called out some very real risks to our national economy.

The World Trade Organisation and an increasingly loud chorus of commentators are now supporting my position that I have pushed for over a year now.  I have grown increasingly concerned with Australia’s reliance on commodity exports, and I am convinced that the single main reason Australia avoided the worst of the GFC was due to China’s insatiable appetite for our red and black dirt (iron ore and coal) which account for around half our entire national exports, perhaps more.

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