Tag Archives | Australia

Rudderless Australia Drifts On

By John Richardson

THERE used to be two certainties in life that everyone in Australia could depend on. We all know that the first certainty was, and sadly still is, death. But the second certainty was China acting as the …

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Australia: This Is No Way To Run A Country

By John Richardson

TONY Abbott has survived an attempt to remove him as Australia’s Prime Minister.

Do you really think this will bring to an end the political instability that has resulted in four changes in PM since 2007? This …

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Too Late For Iron Ore, But Not For Petrochemicals

By John Richardson

YOU might be familiar with the phrase “putting all your eggs in one basket”. It is the kind of phrase that you learn at your mother’s knee, and yet CEOS seem to have forgotten what they were …

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Iron Ore and Petrochemicals Share The Same Delusions

By John Richardson

BACK in January we wrote:  “As China’s investment growth model is unwound – for economic as well as social reasons –  iron ore prices [will] decline significantly, leading to the failure of the smaller mining companies and …

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Dear Mr Abbott, What On Earth Have You Done?

By John Richardson

INNOVATION has to be the cornerstone of Australia’s economy from now on because of these two reasons:

1.)    The China-led resources boom is over  and so Australia can no longer just dig stuff out of the ground …

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Australia At An Economic Crossroads

By John Richardson

THERE is no such thing as level playing field when it comes to the chemicals industry and, for that matter, probably any other industry.

China has long-subsidised many of its industries through soft loans for new projects, …

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China’s Capital Flight Challenge

By John Richardson

CHINA’s economic statistics continue to take your breath away.

For example, in 1993, the country’s nominal GDP totalled around $613bn compared with estimates of around $9 trillion for 2013.

But who owns most of this new-found wealth?…

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Australia: Nice Work If You Were Able To Get It

By John Richardson

BACK in the late 1990s, the blog held a discussion with an Australian petrochemicals industry executive. He described his country’s approach to free trade, or rather the lack of it, as “to put it politely, naïve, and …

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Come On Mr Abbott, Please

By John Richardson

TONY Abbott, in his victory speech on Saturday following the Coalition victory in the Australian Federal Election, renewed his pledge to scrap the carbon tax, stop the boat people and bring the budget back into surplus.

Come …

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The Best Of All Possible Worlds

Source of graph: http://www.businessspectator.com.au/ 

 

By John Richardson

“Candide, the classic novel of the great French writer Voltaire, is a satirical description of a young man who has been taught that ‘everything is for the best in the best of …

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