All Australian manufacturing except for food and building materials is in permanent decline.

Even building materials are under threat as imported bricks and other building goods are growing their market share.

Australia can't even make bricks on an internationally competitive basis despite the huge costs of shipping bricks.

Rising wages will eventually impact agriculture as well.

It is also arguable that building materials manufacturing is artificially propped up by the huge rates of immigration prior to Covid.

https://cdn.aigroup.com.au/Economic_Indicators/Economic_Outlook/Australian_Manufacturing_in_2019.pdf

Sometimes I think ltyc
That apart from me and my colleagues working in agriculture
Everyone in Australia just sees their job as being a consumer

Produce nothing risk nothing do nothing be nothing

How mediocre

But let's all be jealous of China which makes all the world's
Clothing shoes
Toys
Furniture
Phones
Laptops
Computer chips
Half the pharmaceuticals
Building materials
Plumbing supplies
Electrical supplies
Batteries
And soon electric vehicles


Let's put crap on them

While we comfort ourselves with our Victa mowers and Hills hoists ;D :'( :'( :'( :'(

Can anyone think of an Australian product that has survived the Australian manufacturing decline and prospered? I think there are few if any.

Even the once-ubiquitous Victa mower is no longer Australian-owned.

The state of mind of consumers has changed and nobody wants or needs a product that will last 20+ years because cost of maintenance and repair is rising faster than the price of new goods.

Consumers are also conditioned to the fact that anything more than 10 years old, including cars is a throw-away item that is obsolete.

Australia does a lot of chemical manufacturing, for example in the narcotics industry.

I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years.

UnSubRocky wrote on Aug 7^th, 2021 at 12:37pm:

I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years.

Been steadily declining for the past 30 years is how... name me a major city you would want to live in today compared to 30 years ago.

Crime seems to pay.

UnSubRocky wrote on Aug 7^th, 2021 at 12:37pm:

I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years.

You got it backwards. We don't do manufacturing because of our high standard of living. Manufacturing is the new basket weaving. You might as well complain that we don't do phone support for Indian IT companies.

All we have to do to be a world class manufacturer is halve our salaries and breed like rabbits.

aquascoot wrote on Aug 6^th, 2021 at 9:46am:

Sometimes I think ltyc That apart from me and my colleagues working in agriculture Everyone in Australia just sees their job as being a consumer Produce nothing risk nothing do nothing be nothing How mediocre But let's all be jealous of China which makes all the world's Clothing shoes Toys Furniture Phones Laptops Computer chips Half the pharmaceuticals Building materials Plumbing supplies Electrical supplies Batteries And soon electric vehicles Let's put crap on them While we comfort ourselves with our Victa mowers and Hills hoists ;D :'( :'( :'( :'(

Yes, the endless rolling of coins around maintains a facade of prosperity.

Oh - look at me - I can buy my road toll to work this week, twice a day if I want!  Or buy a railway ticket at ten times the price of 2010!!  Riches!!

Rapid inflation and declining real value of the dollar helps to prop up this house of cards, along with low interest rates giving the illusion that there's plenty to go around.

I feel a crunch coming on. Once this madness subsides, I anticipate a lot of houses on the market again.  Just not sustainable.

Grappler Truth Teller Feller wrote on Aug 7^th, 2021 at 12:40pm:

UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Been steadily declining for the past 30 years is how... name me a major city you would want to live in today compared to 30 years ago. Crime seems to pay.

Brisbane seems to be on the improve compared to 30 years ago.

freediver wrote on Aug 7^th, 2021 at 12:42pm:

UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. You got it backwards. We don't do manufacturing because of our high standard of living. Manufacturing is the new basket weaving. You might as well complain that we don't do phone support for Indian IT companies. All we have to do to be a world class manufacturer is halve our salaries and breed like rabbits.

Well, yeah, basically we have to have a low standard of living to be competitive with our low income neighbours in producing manufacturing. If people would not be content with the dole, we could have a moderate manufacturing industry in whatever investors would try.

But, it seems like the United States and Europe are pushing for us Australians to become the paupers of the western world and get Australia to produce raw materials and food for the cheap.

UnSubRocky wrote on Aug 7^th, 2021 at 12:47pm:

freediver wrote on Aug 7th, 2021 at 12:42pm: UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. You got it backwards. We don't do manufacturing because of our high standard of living. Manufacturing is the new basket weaving. You might as well complain that we don't do phone support for Indian IT companies. All we have to do to be a world class manufacturer is halve our salaries and breed like rabbits. Well, yeah, basically we have to have a low standard of living to be competitive with our low income neighbours in producing manufacturing. If people would not be content with the dole, we could have a moderate manufacturing industry in whatever investors would try.

They still have to compete with coal and gas for good people. We do have a few small niche manufacturers that do well, but only the ones that can operate with few staff relative to their output, or have some other kind of advantage.

UnSubRocky wrote on Aug 7^th, 2021 at 12:37pm:

I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years.

Australians have evolved. They have jumped from the sheep's back to the miner's back.

UnSubRocky wrote on Aug 7^th, 2021 at 12:45pm:

Grappler Truth Teller Feller wrote on Aug 7th, 2021 at 12:40pm: UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Been steadily declining for the past 30 years is how... name me a major city you would want to live in today compared to 30 years ago. Crime seems to pay. Brisbane seems to be on the improve compared to 30 years ago.

Something had to be done for it...........

All of Australia's mineral resources are finite and iron will start to be depleted in ~20 years at the current rate of extraction.

Australians may eventually have to evolve and jump off the miner's back onto the sheep's back again.

There's no sign that any politicians are planning what will happen to the economy when mineral resources are depleted.

Perhaps miners should already be under training as baristas to ensure their future.

https://www.ga.gov.au/digital-publication/aimr2020/australias-estimated-ore-reserves


Quote:

Table 1. Australia's Ore Reserves and Mineral Resources of selected commodities at operating mines in 2019. Commodity      Unit      No. of Operating Mines1      Ore Reserves2      Measured and Indicated Mineral Resources3      Inferred Mineral Resources4      Mine Production5      Reserve Life (years)      Resource Life 1 (years)      Resource Life 2 (years) Antimony      kt Sb      1      17.7      36.8      9.1      2.036      9      23      27 Bauxite      Mt      10      2,039      1,586      3,649      105.5      19      15      50 Black Coal      Mt      96      11,670      30,5867      14,2277      5888      20      52      76 Copper      Mt Cu      43      19.82      83.99      26.47      0.93      21      90      118 Diamond      Mc      1      9.69      0      0      12.99      1      0      0 Gold      t Au      150      2,966      6,646      2,669      326      9      20      29 Iron Ore      Mt      36      11,800      30,340      40,133      919      13      33      77 Lead      Mt Pb      19      9.15      23.12      4.74      0.509      18      45      54 Lithium      kt Li      7      3,091      4,033      1,322      459      69      90      119 Manganese Ore      Mt      3      33      47      5      7.510      4      6      7 Mineral Sands Ilmenite      Mt      12      16.7      50.8      10.2      1      17      51      62 Rutile      Mt      10      2.4      5.2      0.8      0.2      13      28      32 Zircon      Mt      10      4.5      11.7      2.0      0.5      8      22      25 Nickel      Mt Ni      10      2.4      7.6      1.1      0.16      15      49      56 Rare Earths11      Mt      2      1.67      2.08      1.37      0.01812      88      109      182 Silver13      kt Ag      31      19.09      54.08      13.63      1.325      14      41      51 Tin      kt Sn      1      179      348      38      7.614      24      46      51 Uranium      kt U      3      266      1,483      718      6.613      40      224      333 Zinc      Mt Zn      20      19.60      47.71      12.51      1.337      15      36      45

Quote:

All of Australia's mineral resources are finite and iron will start to be depleted in ~20 years at the current rate of extraction.

So another 20 years before it "starts" to be depleted?

Is it time to panic yet?

freediver wrote on Aug 7^th, 2021 at 2:07pm:

Quote: All of Australia's mineral resources are finite and iron will start to be depleted in ~20 years at the current rate of extraction. So another 20 years before it "starts" to be depleted? Is it time to panic yet?

FleaDriver and his stooges can panic. The rest of Ozpolitic denizens that don't expect to live more than 20 years should remain calm.

If you drive across the Pilbara the ground you are on is basically iron ore, from horizon to horizon.

Whenever you see people scaremongering that a given ore body only has 20 years left, what they have actually discovered is that it is uneconomical to keep searching for more of it once you have that much lined up. All you have to do is get out of your car for a leak in the Pilbara and you will discover a vast unclaimed deposit.

Laugh till you cry wrote on Aug 7^th, 2021 at 1:57pm:

All of Australia's mineral resources are finite and iron will start to be depleted in ~20 years at the current rate of extraction.

;D nah, iron ore at current rates will last 1000 years. Geez you are ignorant.

UnSubRocky wrote on Aug 7^th, 2021 at 12:37pm:

I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years.

Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources.

rhino wrote on Aug 7^th, 2021 at 3:46pm:

UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources.

Like Taiwan?

rhino wrote on Aug 7^th, 2021 at 3:46pm:

UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources.

Definitely need to be able to feed, clothe and house yourselves to survive. But, Australia does not do a great deal else to sell to the world.

freediver wrote on Aug 7^th, 2021 at 3:53pm:

rhino wrote on Aug 7th, 2021 at 3:46pm: UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources. Like Taiwan?

Like any country. 

UnSubRocky wrote on Aug 7^th, 2021 at 3:54pm:

rhino wrote on Aug 7th, 2021 at 3:46pm: UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources. Definitely need to be able to feed, clothe and house yourselves to survive. But, Australia does not do a great deal else to sell to the world.

why do we need to? 

rhino wrote on Aug 7^th, 2021 at 3:57pm:

UnSubRocky wrote on Aug 7th, 2021 at 3:54pm: rhino wrote on Aug 7th, 2021 at 3:46pm: UnSubRocky wrote on Aug 7th, 2021 at 12:37pm: I am not a pessimist. But, LTYC is fairly accurate on this topic. Australia does not produce much for the world -- except food and natural resources. It is a wonder how Australia has managed to maintain our standard of living in the last 30 years. Food and natural resources are the 2 things you need to run a country and an economy on, try eating your toaster or your cheap Chinese sneakers when you get hungry. Try  industrialising a country without natural resources. Definitely need to be able to feed, clothe and house yourselves to survive. But, Australia does not do a great deal else to sell to the world. why do we need to?

We might be more dependent on other countries than we have been of recent. The more dependent on other countries we become, the more at the mercy of international policy we have to adhere.

we grow all the food we want, feed half the world, all the natural resources we want,. Exactly which countries are we dependent on ? You think if China stops selling us cheap t shirts and sneakers we cant get them anywhere else?

rhino wrote on Aug 7^th, 2021 at 4:17pm:

we grow all the food we want, feed half the world, all the natural resources we want,. Exactly which countries are we dependent on ? You think if China stops selling us cheap t shirts and sneakers we cant get them anywhere else?

Although we found new markets to sell to when China had a temper tantrum with us, China is a considerable importer of our goods. We have an international investment in Australia that keeps our economy afloat.

We produce all the food we need, and import the food that we do not produce. Our food production feeds about 60 million people worldwide. The United States has a food production that feeds 1 billion. Our natural resources, whilst considerable, is mined by mining companies with international roots. And I wish I could buy a pair of shoes that did not cost more than $170. Any shoes that cost less than $100 seems to fall apart within 6 months.

you are misinformed, (no surprises there) we only import food products we dont  grow, we produce about 10 times the amount of food we actually need to survive, the rest is exported. If you hadnt noticed agriculture and farm products are one of our top 3 exports.  if China cuts trade completely tomorrow, our standard of living drops, no more cheap t shirts and sneakers until we sign the contracts to buy them from some other 3rd world country. But we still eat, China starves in a week without imported food, their industries stop tomorrow and total economic collapse without imported resources. The great famine all over again, why do you think China is so eager to try and ensure our compliance? they desperately need to secure their food and other resources, food in particular, China has always had trouble feeding itself and nothing has changed.

Rhino.....

https://www.aspistrategist.org.au/getting-out-of-our-defensive-crouch-developing-australias-asymmetric-warfare-capability/

I will have to disabuse several posters of their toxic dogma and ignorance.

Untrue: "we only import food products we don't grow". Australia imports food that is cheaper than Australian products. This is growing every year as Australian-grown food prices are rising faster than inflation.

Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA.

https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Export/Partner/by-country/Product/16-24_FoodProd

"Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1% The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005."

We are a net food exporter LTYC. By a huge margin. Only a fool would complain about the little we import. We are not going to starve because we stop importing basa.

Gordon wrote on Aug 7^th, 2021 at 6:19pm:

Rhino..... https://www.aspistrategist.org.au/getting-out-of-our-defensive-crouch-developing-australias-asymmetric-warfare-capability/

Afghanistan was very asymmetric. Australia ran.

We settled in for about 2 decades LTYC. What planet do you live on?

Gordon wrote on Aug 7^th, 2021 at 6:19pm:

Rhino..... https://www.aspistrategist.org.au/getting-out-of-our-defensive-crouch-developing-australias-asymmetric-warfare-capability/

Totally agree with the author, we need to get out of the "defensive crouch" and understand we do have leverage and start to manipulate it. A billion and a half people to feed is not an advantage, its a liability.

Laugh till you cry wrote on Aug 7^th, 2021 at 6:35pm:

I will have to disabuse several posters of their toxic dogma and ignorance. Untrue: "we only import food products we don't grow". Australia imports food that is cheaper than Australian products. This is growing every year as Australian-grown food prices are rising faster than inflation. Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA. https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Export/Partner/by-country/Product/16-24_FoodProd "Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1% The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005."

Lol, you idiot. Yes, China exported 600 million of food to Australia, we exported $11.9Billion of food to China .


Quote:

$11.9b food exports to China

https://www.exportfinance.gov.au/media/6424/export-finance-growing-australlias-food-and-beverage-exports_final_nov19_web.pdf

...

Laugh till you cry wrote on Aug 7^th, 2021 at 6:35pm:

Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA.

True.

However Australia's food exports to China? $2 billion. From your source.

11.9 billion.

I used the same data source as LYTC. Apples to apples.

Im sorry, I only used official government trade sources and statistics. Must tell the government they got it wrong and overestimated our  food trade with China by 9 billion dollars. You idiot.

Dont any of you idiots check your facts? seriously.

rhino wrote on Aug 7^th, 2021 at 6:43pm:

Gordon wrote on Aug 7th, 2021 at 6:19pm: Rhino..... https://www.aspistrategist.org.au/getting-out-of-our-defensive-crouch-developing-australias-asymmetric-warfare-capability/ Totally agree with the author, we need to get out of the "defensive crouch" and understand we do have leverage and start to manipulate it. A billion and a half people to feed is not an advantage, its a liability.

Funny, when people have been screaming to stop Chinese investment in Australia, I always thought the exact opposite, provided they don't assist espionage.

Kilcullen is someone you need to be following.

rhino wrote on Aug 7^th, 2021 at 6:48pm:

Laugh till you cry wrote on Aug 7th, 2021 at 6:35pm: I will have to disabuse several posters of their toxic dogma and ignorance. Untrue: "we only import food products we don't grow". Australia imports food that is cheaper than Australian products. This is growing every year as Australian-grown food prices are rising faster than inflation. Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA. https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Export/Partner/by-country/Product/16-24_FoodProd "Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1% The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005." Lol, you idiot. Yes, China exported 600 million of food to Australia, we exported $11.9Billion of food to China . Quote: $11.9b food exports to China https://www.exportfinance.gov.au/media/6424/export-finance-growing-australlias-food-and-beverage-exports_final_nov19_web.pdf

You horned dolt.

Chinese consume ~USD 9 per capita of Australian food whereas Australians consume ~USD 24 per capita of Chinese food.

Laugh till you cry wrote on Aug 7^th, 2021 at 7:38pm:

rhino wrote on Aug 7th, 2021 at 6:48pm: Laugh till you cry wrote on Aug 7th, 2021 at 6:35pm: I will have to disabuse several posters of their toxic dogma and ignorance. Untrue: "we only import food products we don't grow". Australia imports food that is cheaper than Australian products. This is growing every year as Australian-grown food prices are rising faster than inflation. Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA. https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Export/Partner/by-country/Product/16-24_FoodProd "Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1% The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005." Lol, you idiot. Yes, China exported 600 million of food to Australia, we exported $11.9Billion of food to China . Quote: $11.9b food exports to China https://www.exportfinance.gov.au/media/6424/export-finance-growing-australlias-food-and-beverage-exports_final_nov19_web.pdf You horned dolt. Chinese consume ~USD 9 per capita of Australian food whereas Australians consume ~USD 24 per capita of Chinese food.

Ah, per capita now? Can we have dollar per capita, 25 million vs  billions? Who would starve whom?

rhino wrote on Aug 7^th, 2021 at 7:00pm:

Dont any of you idiots check your facts?

Yeah. it seems to depend on what is or is not included in Food exports.

https://www.agriculture.gov.au/abares/research-topics/agricultural-outlook/data#2019

Rural commodities - food xlsxTable 9.4 says $8 billion.

Your report on export finance is undated.

Laugh till you cry wrote on Aug 7^th, 2021 at 7:38pm:

rhino wrote on Aug 7th, 2021 at 6:48pm: Laugh till you cry wrote on Aug 7th, 2021 at 6:35pm: I will have to disabuse several posters of their toxic dogma and ignorance. Untrue: "we only import food products we don't grow". Australia imports food that is cheaper than Australian products. This is growing every year as Australian-grown food prices are rising faster than inflation. Among US$ 64+ billion of food product exports in 2019, China exports US$ 600+ million of food products to Australia and US$ 3.3 Billion to the USA. https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Export/Partner/by-country/Product/16-24_FoodProd "Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1% The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005." Lol, you idiot. Yes, China exported 600 million of food to Australia, we exported $11.9Billion of food to China . Quote: $11.9b food exports to China https://www.exportfinance.gov.au/media/6424/export-finance-growing-australlias-food-and-beverage-exports_final_nov19_web.pdf You horned dolt. Chinese consume ~USD 9 per capita of Australian food whereas Australians consume ~USD 24 per capita of Chinese food.

There are 1.4 billion of them. We are a net food exporter. Why are you getting your panties in a bunch about that?

freediver wrote on Aug 7^th, 2021 at 8:26pm:

There are 1.4 billion of them. We are a net food exporter. Why are you getting your panties in a bunch about that?

The subject of food appears to disagree with Rhino and anger him in the Chinese context where Australian agricultural labors are minuscule on a Chinese per capita basis.

Rhino can't digest and stomach food facts which disagree with him.

per capita covers a lot of sins. ;)

Laugh till you cry wrote on Aug 7^th, 2021 at 9:03pm:

freediver wrote on Aug 7th, 2021 at 8:26pm: There are 1.4 billion of them. We are a net food exporter. Why are you getting your panties in a bunch about that? The subject of food appears to disagree with Rhino and anger him in the Chinese context where Australian agricultural labors are minuscule on a Chinese per capita basis. Rhino can't digest and stomach food facts which disagree with him.

He is just getting frustrated at how slow you are. There are 1.4 billion Chinese and 25 million of us. Everything we do will be on a smaller scale. That doesn't really change anything.

What exactly is your point? 

freediver wrote on Aug 7^th, 2021 at 9:12pm:

Laugh till you cry wrote on Aug 7th, 2021 at 9:03pm: freediver wrote on Aug 7th, 2021 at 8:26pm: There are 1.4 billion of them. We are a net food exporter. Why are you getting your panties in a bunch about that? The subject of food appears to disagree with Rhino and anger him in the Chinese context where Australian agricultural labors are minuscule on a Chinese per capita basis. Rhino can't digest and stomach food facts which disagree with him. He is just getting frustrated at how slow you are. There are 1.4 billion Chinese and 25 million of us. Everything we do will be on a smaller scale. That doesn't really change anything. What exactly is your point?

Now FleaDriver is also choking on food facts extrapolated onto a larger scale.

It is always simpler for amateur, wannabe, agronomists to work with smaller bites of information.

Meanwhile China has a mean wealth per adult of $68,000.

Australia - $488,000

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult#By_country

Just another useless fact. ;)

lee wrote on Aug 7^th, 2021 at 9:19pm:

Meanwhile China has a mean wealth per adult of $68,000. Australia - $488,000 https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult#By_country Just another useless fact. ;)

That is hard to swallow. FleaDriver will try to upstage you by regurgitating facts that he couldn't digest.

Laugh till you cry wrote on Aug 7^th, 2021 at 9:24pm:

That is hard to swallow

You have never shown difficulty before.

lee wrote on Aug 7^th, 2021 at 9:30pm:

Laugh till you cry wrote on Aug 7th, 2021 at 9:24pm: That is hard to swallow You have never shown difficulty before.

You can't eat a house. I suspect even FleaDriver would find bricks and mortar difficult.

Your offerings are disagreeable with other more factually edible fare on the internet.

https://en.wikipedia.org/wiki/List_of_countries_by_financial_assets_per_capita

So China per capita has about 13% of Australia. What did you want to find?

rhino wrote on Aug 7^th, 2021 at 4:56pm:

you are misinformed, (no surprises there) we only import food products we dont  grow, we produce about 10 times the amount of food we actually need to survive, the rest is exported. If you hadnt noticed agriculture and farm products are one of our top 3 exports.  if China cuts trade completely tomorrow, our standard of living drops, no more cheap t shirts and sneakers until we sign the contracts to buy them from some other 3rd world country. But we still eat, China starves in a week without imported food, their industries stop tomorrow and total economic collapse without imported resources. The great famine all over again, why do you think China is so eager to try and ensure our compliance? they desperately need to secure their food and other resources, food in particular, China has always had trouble feeding itself and nothing has changed.

We produce maybe 3 or 4 times the amount of food that we need. The rest are going to exports. Although, I suspect that exports of food are the priority of where the food goes, leaving us with more than enough food for ourselves. We do not produce enough food to feed 250 million people.
If China cuts trade tomorrow, it definitely does hurt us. But, we do find new markets... eventually.

Given that high levels of growth are unsustainable in the long term, how can a  ~15% growth rate in mining over the period 2004-2021 be sustained?

I accept that some of this is due to high prices rather than high volumes, especially post 2013-2017 when there was a pause in the unrelenting rise.

But it still leaves the economic consequences of Australia's laissez-faire political and resource strategy. When the minerals run out, what is Australia going to do with a barren manufacturing industry which will be even smaller than it is now. Such a policy unbalances the Australian economy and leaves it ill-prepared for the day the resources run out.

Of course, it is possible that China is stripping Australia's mineral resources as a long-term strategy leaving it's own resources for later use.

Could China be deliberately steering Australia into a state of an asymmetric unbalanced economy devoid of manufacturing that may not be recoverable for decades? Of course, such a strategy would not be possible without the willful or ignorant complicity of Australian politicians.

Australian metal ore and mineral quarterly exports ($A millions) since 1969.
https://upload.wikimedia.org/wikipedia/commons/thumb/f/f9/ABS-5302.0-BalancePaymentsInternationalInvestmentPositionAustralia-GoodsCredits-Original_Quarter-MetalOresMinerals-A3534882W.svg/1920px-ABS-5302.0-BalancePaymentsInternationalInvestmentPositionAustralia-GoodsCredits-Original_Quarter-MetalOresMinerals-A3534882W.svg.png

Laugh till you cry wrote on Aug 7^th, 2021 at 9:16pm:

freediver wrote on Aug 7th, 2021 at 9:12pm: Laugh till you cry wrote on Aug 7th, 2021 at 9:03pm: freediver wrote on Aug 7th, 2021 at 8:26pm: There are 1.4 billion of them. We are a net food exporter. Why are you getting your panties in a bunch about that? The subject of food appears to disagree with Rhino and anger him in the Chinese context where Australian agricultural labors are minuscule on a Chinese per capita basis. Rhino can't digest and stomach food facts which disagree with him. He is just getting frustrated at how slow you are. There are 1.4 billion Chinese and 25 million of us. Everything we do will be on a smaller scale. That doesn't really change anything. What exactly is your point?  Now FleaDriver is also choking on food facts extrapolated onto a larger scale. It is always simpler for amateur, wannabe, agronomists to work with smaller bites of information.

What point are you trying to make by dividing exports one way by the Chinese population and the other way by the Australian population?

That you are easily confused?


Quote:

Given that high levels of growth are unsustainable in the long term, how can a  ~15% growth rate in mining over the period 2004-2021 be sustained?

Why does it have to be sustained? What makes you think people will even care about iron ore in 1000 years time?

freediver wrote on Aug 8^th, 2021 at 12:44pm:

What makes you think people will even care about iron ore in 1000 years time?

When their wages are denominated in bags of coal which the world didn't want in a barren landscape devoid of manufacturing where even the immigrant flood has dried up? Pray tell?

You are looking for answers in an Australian strategic field where questions label an inquiring person as an enemy of the state.

There will never be enough answers in Australia for the questions.

Laugh till you cry wrote on Aug 8^th, 2021 at 12:57pm:

freediver wrote on Aug 8th, 2021 at 12:44pm: What makes you think people will even care about iron ore in 1000 years time? When their wages are denominated in bags of coal which the world didn't want in a barren landscape devoid of manufacturing where even the immigrant flood has dried up? Pray tell? You are looking for answers in an Australian strategic field where questions label an inquiring person as an enemy of the state. There will never be enough answers in Australia for the questions.

You are swimming in a sea of your own dribble.

freediver wrote on Aug 8^th, 2021 at 1:18pm:

Laugh till you cry wrote on Aug 8th, 2021 at 12:57pm: freediver wrote on Aug 8th, 2021 at 12:44pm: What makes you think people will even care about iron ore in 1000 years time? When their wages are denominated in bags of coal which the world didn't want in a barren landscape devoid of manufacturing where even the immigrant flood has dried up? Pray tell? You are looking for answers in an Australian strategic field where questions label an inquiring person as an enemy of the state. There will never be enough answers in Australia for the questions. You are swimming in a sea of your own dribble.

In your dreams. Thanks for sharing your aspirations.