Australia has a basic economy with very little value-added production. The only thing saving the economy is the exporting of raw materials, and the importing of massive numbers of immigrants, making the locals poorer while padding the GDP for lazy, self-serving politicians.

Australia has also linked its fortunes to Communist China more than any other country. That’s not going to last forever, simply because of the Communist way of doing business and, while Australia can sell stuff to other countries, it won't be as good as it has been with China.

As already noted, Australia doesn't make much for itself. We have been drifting for about 30 years, doing it easy, thanks to the (now slowing) growth of Communist China and its non-capitalist way of doing things - the wrong way.

Things are going to get worse for Australia until we start “processing” as well as digging in the ground. Will this happen? Well, just take a look at what is available for us to vote for!

Then there is our particular home grown “subprime” problem. The US fixed theirs; Australia hasn't. The problem has “festered for the last 15 years”.

When that blows up, a “sharp de-globalisation shock or de-Chinafication would be more than enough to trigger a financial crisis …”.

Australia is not looking at a recession; it is looking at “a depression that’s probably going to last a half a decade. And that’s going to be horrible.”

The source of this grim news thinks that Australia won't be “dropped” because of our close alliance with America. Has he not heard about the Albanese government that couldn't send a ship to the Red Sea to help protect the sea lanes vital to most things we have to import?

As I say, look at what we have to choose from in Canberra, and see how confident you feel.

https://www.macrobusiness.com.au/2024/01/australia-facing-a-depression-that-will-last-a-half-a-decade/

look at what we have to choose from in Canberra, and see how confident you feel
ttbn,
Look at the average post-Whitlam Australian reared & see if you can envisage a future. My guess is that the traditional Australians, apart from the real indigenous, are literally on their final lap as a society. By that I don’t mean complexion as much as mentality !

Indyvidual,

The failure of the Voice referendum indicates that 60% of Australians, and possibly more on other matters, have their heads screwed on the right way when they get the chance to express themselves via referenda. Unfortunately, unlike in some proper democracies, they can't 'recall parliament' via Citizen Initiated Referenda. They are stuck with the self-interested, career-driven nincompoops in Canberra. Good people just don't want to be politicians, and we are stuck with the rabble we have: one big club making the decisions for us.

On the other hand, look at some of the posters here and on social media generally - arguing the toss about things nothing to do with them, and which they can do nothing about, but they are completely disinterested in things affecting themselves that they COULD do something about by making demands of their local MPs and making it clear that they won't vote for the numbskulls unless they get their acts together, and do what the people want: not just look after themselves and their bloody parties.

CIRs are now the only hope for maintaining democracy in Australia. Politicians are not taking any notice of the population; they haven't been for some time, and now their lack of interest in us is blatantly obvious in Albanese and his ministers. But, I suppose the best indication that we have ever had, in the form of Albanese, of our grim future, will be ignored by the apathetic.

ttbn,
I don’t disagree but I can’t shake the feeling that the real threat to this Nation is the average bogan who happens to be the majority. These drugged-up, uncultured coarse gits are unfortunately represented in all walks of life here. The greater number being half-baked BA graduates & not as one would expect them to be among the less educated class. The latter are actually the ones with common sense & street wise. Unfortunately, they don’t get to have a say in anything. Some of the single parents among them would be a hundred times more qualified as economic managers than those useless morons with degrees they don’t even know how they got them.
Australians of every heritage must put aside the nonsense being peddled by these woke “intellectuals” devoid of morals & sense. They must be prevented from ruining this Nation via political correctness etc.

Indyvidual

I think the biggest problem in Australia is the loss of Christianity. No matter how much people deny it, Western democracy is based on Christianity. Things have got worse as people have turned away from it. Journalist Greg Sheridan said recently that a world without Christianity is a dark place. I'm no Bible basher. But I agree with him. The world, and Australia, is getting darker all the time.

ttbn,
Again, no argument but Christianity has never been pure & free of malice & deceit just like other religions because like all religions the focussing on a good personal outcome puts the individual first rather than the whole community.
One of the more sinister undermining tactics is the fostering & pushing of competition, be it sport, entertainment or industry. The focus on effort to out-do sustainable requirement results in oversupply, waste, frustration & excessive annoyance. I for one am just soooo sick & tired of having to tolerate talentless, incompetent egoists at every turn 24/7. Then there is the degradation of quality in everyday life from poorly made commodities to poor service to poor socialising to poor attitudes. Combined, all of this contributes to an ever increasing inferior mentalty.