Category: International Affairs
In the unlikely event that Scotland votes to leave the UK, will we change the Australian Flag?
Probably the most informed assessment I have seen on the Crimean crisis
Having said that, over throwing a democratically elected President – as the Ukrainian para-military mob did – wasn’t the smartest move. It was illegal and decidedly anti-democratic.
Australia has joined the EU and the USA in sanctioning 11 Russians for the invasion of the Crimea. If that is the best Australia can come up with then Putin will essentially have free reign over Eastern Europe. There is no one that will stop him.
We are starting to get a taste of a post-USA world.
Is anyone uneasy about China’s support for Russia’s invasion of the Ukraine?
Russia has said China is largely “in agreement” over Ukraine, after other world powers condemned Moscow for sending troops into the country.
China claims most of the South China Sea, large sections of Japanese and South Korean airspace and parts of India.
I find it amazing that Rudd is considering leaving the election campaign to go to the G20 conference to talk about Syria. Maybe he realises that he is going to lose the election and so might as well have one final overseas junket?
In any case, I don’t think launching a few missiles into Syria is going to stop anyone from using chemical weapons. Let’s face it, Syria is on the other side of the planet; we have no connection whatsoever to Syria; our Navy does not have long range cruise missiles and we are not about to send over a squadron of Hornets with their JASSMs. So from Australia’s perspective, as horrible as the situation is, Syria is basically a non-issue. There is nothing we can or are prepared to do other than talk.
Sober reading on China’s incredible level of indebtedness and shrinking labour market:
The IMF’s Article IV report on China states – as clearly as the IMF dares – that excess credit has been pushed to the outer limits of sanity, and that there is a growing risk of an “adverse feedback loop” as the financial system and the economy take each other down in a mutually reinforcing spiral….Loans have jumped from $9 trillion to $23 trillion since 2008, a faster pace of debt build-up than in any major episode of the past century.
Not sure if this includes around $2 trillion in Chinese provincial and city government debt. Interesting to note also that relative to the USA, China’s per capita growth rate has not been as strong as Japan’s and Korea’s was during the 1950s and 1960s. Growth is now slowing.
So what’s Rudd’s response? More debt, tax, welfare and regulation…..
Wayne Swan is already taking money out of people’s superannuation accounts here in Australia.
SIX years of Labor government, by this year’s election in September, will result in a new Australia. We have contracted the European disease. Labor has taken us towards the most spectacularly unsuccessful model of government in the developed world today. We will have almost all the European pathologies but none of the European security of a big local market and a benign security environment.