The Forum > Article Comments > ‘Panda-monium’ - what does China’s rise mean for the rest of us? > Comments
‘Panda-monium’ - what does China’s rise mean for the rest of us? : Comments
By Tim Harcourt, published 14/6/2005Tim Harcourt argues the opening up of the Chinese market presents great opportunities for Australian businesses.
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1. the greenhouse effect, and
2. the looming depletion of oil reserves
... which are worrying to death almost everyone who has given serious thought to these issues. (I suggest that the author and other site vistors go to http://www.peakoil.net or http://www.energybulletin.net). By exporting non-renewable, greenhouse gas generating fossil fuels to China, at the unprecedentd rate we are now doing, we are stupidly sacrificing the futures of our own children, as well as the futures of the children of China, all for largely unnecessary throwaway consumer items.
Regarding the supposed refutation of the fear of "hollowing out" of the world's manufacturing sector, the growth of the Chinese textile industry has not only wiped out textile jobs in Australia, but has also (I recently heard reported on the radio) wiped out the textile manufacturing sector in Morrocco and in Nigeria (and who knows where else?). In the former case, the resultant loss of jobs is a significant factor causing the rise of Islamic fundamentalism in that country.
As for myself, my last long term job was lost because the work was outsourced to China. This is also obviously the cause of the recent loss of many of other manufacturing jobs including from Kodak in Victoria, Mitsubishi in South Austrlia, (probably) Allied Engineering in South Australia, etc, etc, etc.
The growth of the Chinese economy is clearly unsustainable, and this should have long ago been obvious to anyone with at least year 10 mathematical abilities and an understanding that our planet is finite. It has already caused social and economic catastrophe in many countries outside of China, if not, for now, within China itself, and may well lead to the complete breakdown of our global life support system.
The article, in my opinion, adds little worthwhile insight into this very worrying issue.