tcraig20
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Our problem is that most people do NOT view their economic input as being much of a significant factor to the greater economic problem the aussie economy is.
and I am NOT referring to where we spend our hard earned. Most people in australia work in the tertiary sector, i.e. service industry aka retail, customer service.. bla bla.. The level of autonomy and independence of our economy is desperately low and that tends to bring a general lack of respect for us whenever foreign business comes here because the local competition is ****. Places we import our products from (ignoring China and even India for a moment) are more competitive than us because our own secondary production industry is economically insignificant to the primary (agriculture & mining) industries that employ a tiny part of our population. The way that money flows to the population is through benefits and public spending, aka "pay the lazy" money. The service and retail industries have to employ the majority of our people because there just isn't that much tangible industry out there to do so otherwise. And retail needs cheaper goods so we **** on our small secondary industries even more..... vicious cycle.
The government really DOES need import tariffs and needs to spend the mining and agriculture tax dollars into propping up the manufacturing and processing industries so they can compete, or else we will keep sinking deeper in this hole.
</eco rant over>
Mind you... if I can get 5 pounds of hops overseas for half the price I can here, I can take the wife out for dinner. Otherwise, I can buy hops locally and stay home. Hard to say which is economically better.
Consider though that for every dollar I spend overseas I make life a little easier for Australian exporters - by exchanging Australian dollars for foreign goods I lower the demand for Australian dollars, reducing their value, giving our magnificent manufacturers a competitive advantage.
Many nations aimed for economic independence over the 20th century, and, unfortunately, history seems to suggest that we gain more through cooperation.