Things are becoming cheaper and it is great right. Beyond looking at the inflation eating into your salary and money in your pocket after taxes (http://www.investopedia.com/articles/investing/090715/how-inflation-affects-your-cash-savings.asp) , there is factor that the media may not be selling you (http://www.forbes.com/sites/willbur…ician-selling-without-a-product/#6044167a1049 ). I say selling you because during the “mining boom” it was wonderful and most ventures were successful with places to export the raw material, it was a modern day “gold rush” ( http://www.abc.net.au/radionational…he-mining-boom-that-changed-australia/7319586) .
That ended because China stopped growing in the double digit percent (http://www.bbc.com/news/business-36051327) rates correct. Well one could argue if you take into account factors like China during that period, investing behind the scenes in their own capabilities to mine from their own land(http://www.chinavtmmining.com/html/about_profile.php , http://www.news.com.au/travel/world…h/news-story/371376b9893492cfc77d23744ca12bc5 , ) . We think we have the only minable land, seriously are we that brain washed by the main stream media, I know I used to be.
During that period of the “mining boom”,
(http://www.abc.net.au/radionational…he-mining-boom-that-changed-australia/7319586)
What do we notice in the above graph?
Our manufacturing and agriculture abilities and or output level were decimated.
In summary we can’t produce anything (http://www.businessdictionary.com/definition/manufacturing.html) and can’t grow anything (https://en.wikipedia.org/wiki/Agriculture). In summary we can’t feed ourselves and can’t make machinery we need and we have become dependent, yet all that matters is we made money in the past.
Does this make sense; look at it from the other angle, in 2015, what is Chinas three top sectors, manufacturing, services and agriculture. (http://www.investopedia.com/articles/investing/091515/3-industries-driving-chinas-economy.asp)
With 1,383,648,631 people (http://www.worldometers.info/world-population/china-population/), they are able to sustainably feed and build relevant machinery to their people in addition to being able to provide the relevant services (http://www.investopedia.com/terms/s/service-sector.asp) to sustain the economy.
Regarding the service sector or the “knowledge economy,” or the ability to surpass competitors by understanding what target customers want and need, and operate in a way that meets those wants and needs quickly with minimal cost. (http://www.investopedia.com/terms/s/service-sector.asp)
That definition remains the same regardless of its ill gains (http://www.csmonitor.com/World/Asia-Pacific/2016/0131/Why-China-hacks-the-world), for example hacking small Australian entities to gain their “knowledge” (http://www.abc.net.au/4corners/stories/2016/08/29/4526527.htm).
This is an Australia vs China analysis, but it can be done quite easily with other countries.
Australia is not perfect either as we are known to be a “Puppet State of America” (http://www.globalresearch.ca/australia-america-s-puppet-state/24459) like it or not. But more to the imperfection of Australia on a world scale beyond facts, incidents such as the “PNG Corruption” (http://www.smh.com.au/world/png-cor…ime-minister-peter-oneill-20140616-zs9tl.html), do not provide the nation with a saint like projection globally.
My analysis is, globalisation is great so long as you have the cheapest labour, usually if you have the cheapest labour you do not have the best conditions. So in a country that harvests its citizens for organs (http://www.stoporganharvesting.org/) it is unlikely in my mind they will have the best employment standards.
My future analysis based on reading this article, “Australia to capitalise on China’s shift away from manufacturing to consumption” (http://www.abc.net.au/news/2016-04-13/china-shifts-from-manufacturing-to-consumption/7320066), is we are going to be taken advantage of again. Once Chinas gets to the point where they no longer need us for that industry( while they build up their own) , do you think it will be loyalty that will keep them purchasing from us, I present a scenario where once they understand our techniques and other countries, they will then take that “knowledge” and improve on it. It is odd to have this industry being pushed as Australia’s next pay day, as China’s third largest sector is agriculture, what is their motive I ask.
Here is one scenario, we won’t be able to feed or produce anything sustainably, and no one will want to purchase our minerals because it will be cheaper to buy it from China! The very country we sold everything to in the past will double cross us from a business point of view to put in nicely, due to globalism and its play book.
This is a brief analysis of globalism and the destruction of once prosperous nations, in the quest for a dollar.
In closing as China has grown what have we done as a nation? Do we have a space program yet?
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