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Australia’s economy after COVID-19 : Comments
By Chris Lewis, published 23/4/2020Once the coronavirus disaster ends or wanes, Australia will face difficult economic times for many years because of its growing debt.
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The alternative of restricting both of the above would naturally cause great financial pain; however, if a mid course of more self dependence could be driven through, with Australia becoming a super power in energy through second phase use of our mineral wealth [instead of being the world's quarry], then we would break the dependence on China.
Ross Garnaut outlines how this can be achieved in his book, "Superpower: Australia's low carbon opportunity".
Thus, we could follow the U.S.A.'s success story from its golden history of oil exploration and self sufficiency from a source of energy, but ours will be cheaper to source than the U.S.A. example.