The Forum > General Discussion > Are Trade Barriers Good for Australia?
Are Trade Barriers Good for Australia?
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So you claim. Yet meatworks in just about every state have to
hire foreigners on 457 visas, as not enough Aussies are
interested. Queensland, South Australia, NSW.
Now tell me how Australian consumers will benefit, if say
you insist that we make Australian toasters here. High
wages here, plus monopoly supply by limited companies, will
simply make Australian toasters incredibly expensive, workers
being the losers, for they are consumers too.
*Your super fund bit is not quite accurate they are bit players in multi nationals.*
Not really. Workers have over a trillion in super, mostly in the
share market. The ASX is worth about the same. Foreign super funds
have a stake too.
*who makes most of the profit, the mega-corps Coles, Woollies etc.*
Nope, the problem is very high costs all the way. Coles is basically
owned by 400'000 mum and dad investors, with super funds dominating
above them. Goyder does not blink without checking with the super
funds. Spend 100$ at Coles, profit is around 2$, costs around 32$.
All that data is available in their annual report. I know, I am
one of those 400'000 lol.
*Capital investors of which super fund are small beer.*
Not so, today you have American, European, Japanese, Australian
super funds. They dominate the market.
*Part of the financial problem today is because net lending countries like China have flooded the west with capital causing the credit bubble.*
That is correct. China might find that all those US$ she wants to
hoard, will be inflated away over time and worth not much in the
longer term. That is why China is now changing tack and wants to
buy resources, like Rio Tinto etc.
*My argument was that your assertions were based on*
What you think that I think and what I actually think,
might be quite different.
My point on this thread is that tariff barriers don't
solve anything and consumers are the losers. Given that
most people want a higher standard of living and not a lower
one. .