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The Dutch Disease has infected the Australian economy : Comments
By John Töns, published 17/8/2011How strong would our economy be without mining? The Australian government needs to remember that with every boom, there comes a slump.
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There you go Vanna, trying to impose your view on the world. What say
people decide for themselves what they like or don't like and how they
spend their money. Frankly its none of your business. I happen to have
bought an Apple Ipad. Its the greatest little thing since sliced bread
IMHO and I use it constantly. Equally if somebody wants to watch
Disney, well so be it, its none of my business. What is it with you
control freaks?
*Initially, a lot of the items from Asian countries was crap*
Indeed Vanna, some still is. But I know of plenty of pensioners who
want the odd power tool and are happy to buy a cheapy at Bunnings,
to potter around in the workshop. Good on them. Its their choice,
their decision, it is no business of yours or Govt. Years ago it
was Jap crap, look at them now. I spend money on music technology
at the cutting edge. The Japanese are making what nobody before them
has made. Amazing stuff. Our industries need to learn to make what
consumers actually want, not what they feel like making and then
demand a market based on tariffs.
What tariffs created was a heap of lazy, inefficient industries
which when thrown in into the real world, battled to cope.