Gillard details complex future economy

[Dogmatix]

http://www.news.com.au/breaking-new...x-future-economy/story-e6frfkui-1226480653257

Gillard details complex future economy

AUSTRALIA'S economic future lies beyond its mines and beyond China, Prime Minister Julia Gillard has told a gathering of Asian and United States business leaders in New York.

As slowing Chinese growth takes Australia's mining boom off the boil, Ms Gillard has presented a complex and diverse road ahead that may require tax and regulatory reform.

"The point I'm making is not to replace one simple story - fragile prosperity based on a boom and at short-term risk from slowing Chinese growth - with a different simple story - good times that will last forever with no risks at all," Ms Gillard told a New York audience on Tuesday.

"What I want is to replace a simple story with a more serious and detailed account of what's going on in Australia."

Championing Australia's strong economy, Ms Gillard said innovation, increased productivity and competitiveness would be key factors to ensure a prosperous future.

And to ensure such a scenario the prime minister foresees a "really sophisticated agenda, from innovation to infrastructure, tax reform and regulatory reform".

Australia was mindful of the rise of regional players including Indonesia and India.

"It's not just new competition, it's new consumers," she said.

Asia's middle-class was growing by more than 100 million each year and presented a valuable opportunity for Australia.

"Not just new consumers, it's consumers who want to buy new things," Ms Gillard said.

"Once you've sold them concrete and steel, iron and gas, they buy wine and movies and music, retirement financial products and bespoke tourism experiences and food which is the product of clean and sustainable agriculture.

"In the century ahead, it's precisely economies like ours - advanced, knowledge-oriented, service-rich economies - which are best placed to prosper.

"But only if we keep lifting productivity, if we keep driving innovation, keep generating new ideas."

In other sectors, Australia must maintain strength as a provider of education services, currently the nation's third biggest export, Ms Gillard said.

She cited liquefied natural gas projects in northern Australia as an example of how a diversified resources sector was capable of offsetting declining income from China.

"Our century will be defined by the rise of many countries and many cultures, not just one," Ms Gillard said.

"The most challenging risk is if we can't make and sell the things that Chinese and Indian and Indonesian and Thai consumers are buying in 2033.

"And the real task of national preparedness is this."

Ms Gillard addressed members of the Asia Society and the Economic Club of New York ahead of attending the United Nations Leaders Week, where she will make her first address to the General Assembly on Wednesday (Thursday AEST).

Firstly - Labor had a golden chance at tax reform and completely blew it.

Secondly - Can she really think we're a "knowledge-oriented, service-rich econom[y]" which needs to "keep lifting productivity, if we keep driving innovation, keep generating new ideas." . Productivity? In the building industry perhaps? That's the same BS we always hear. Gina Rinehart next up.

Thirdly - "make and sell the things that Chinese and Indian and Indonesian and Thai consumers are buying"... um, we don't make anything anymore. Our manufacturing is screwed, and uncompetitive thanks to Labor policies. So i dare say that any products that Chinese, Indian and Thai consumers want will be 500% cheaper in those countries. Unless they're desperate for Kangaroo-skin money pouches.

 

[Shaddam IV]

I wonder who wrote her speech?

 

[doomsday surprise]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

 

[lucky luke]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

Mate, I'm concerned about the metaphorical sh#t stuck to my shoe right now, stinking to high heaven, and likely to mess up a whole lot more unless I can somehow wash it off or clean it off. I'm not concerned right now with another metaphorically different sh#t which I might step in later.

 

[hiho]

I heard she had the shits

 

[bordsilver]

Fourth(ly) - the best way to increase productivity and competitiveness is clearly to do random overnight policy changes without consultation that hurt the capital owners - like, say, overnight bans on live exports, approved fishing trawlers or say, retrospective taxation of successful industries

 

[hiho]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

when did labor win the election aside from 07?

 

[doomsday surprise]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

Mate, I'm concerned about the metaphorical sh#t stuck to my shoe right now, stinking to high heaven, and likely to mess up a whole lot more unless I can somehow wash it off or clean it off. I'm not concerned right now with another metaphorically different sh#t which I might step in later.

You're thinking exactly like governments do - only of the here and now. Governments don't have any vision - liberal or labor. All that I am saying is that the coalition had years to make our economy strong, not just in mining. They didn't do it. What makes you think they'll do it in the future?

 

[doomsday surprise]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

when did labor win the election aside from 07?

They formed a minority government in 2010. Whether you think that's winning is a moot point. They're in government.

 

[rbaggio]

"In the century ahead, it's precisely economies like ours - advanced, knowledge-oriented, service-rich economies - which are best placed to prosper.

This is doublespeak for:

"In the century ahead, we won't actually produce or manufacture anything."

 

[JulieW]

and when those useless holes in the ground are sold.......

 

[Big A.D.]

I wonder who wrote her speech?

Someone who should have written it for Howard ten years ago.

 

[lucky luke]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

Mate, I'm concerned about the metaphorical sh#t stuck to my shoe right now, stinking to high heaven, and likely to mess up a whole lot more unless I can somehow wash it off or clean it off. I'm not concerned right now with another metaphorically different sh#t which I might step in later.

You're thinking exactly like governments do - only of the here and now. Governments don't have any vision - liberal or labor. All that I am saying is that the coalition had years to make our economy strong, not just in mining. They didn't do it. What makes you think they'll do it in the future?

Thinking as the government does? Far from it. If I was going to be as pointed as you, I'd say YOU are thinking exactly as the government WANTS you to. Your thinking only in terms of Labor vs Liberal, black vs white, good vs bad etc. Two dimensional with only a choice of one or the other. Mate, step outside the box and think in terms of alternatives. And if you can't think of an alternative, then plan in a way that allows for an alternative in the future.

I stand by what I say though in terms of the current labor government stinking to high heaven and THAT is what concerns me right now. REALITY is what is on your foot now.

 

[hiho]

I dunno why the Libs/nationals always get such a free pass with you guys. Yes Labor sux, but the coalition did nothing for manufacturing and small business whilst they had government. All that money wasted on middle class welfare to keep them in power could have been spent on tax breaks/incentives etc to increase our manufacturing competitiveness and small businesses.
I always thought that was the worst election for labor to win as they got in right at the bursting of the biggest credit bubble in history. I'm surprised they actually kept the economy going for as long as they have. I've always wondered what the coalition would have done differently and how the public would have reacted.

when did labor win the election aside from 07?

They formed a minority government in 2010. Whether you think that's winning is a moot point. They're in government.

it's not moot because the point was factually incorrect

 

[doomsday surprise]

when did labor win the election aside from 07?

They formed a minority government in 2010. Whether you think that's winning is a moot point. They're in government.

it's not moot because the point was factually incorrect

Why?

 

[hiho]

They formed a minority government in 2010. Whether you think that's winning is a moot point. They're in government.

it's not moot because the point was factually incorrect

Why?

1. because
2. I always thought that was the worst election for labor to win (labor didnt win, three independent stooges handed our country over to puddle duck and penny wrong to totally ravage)

 

[doomsday surprise]

Mate, I'm concerned about the metaphorical sh#t stuck to my shoe right now, stinking to high heaven, and likely to mess up a whole lot more unless I can somehow wash it off or clean it off. I'm not concerned right now with another metaphorically different sh#t which I might step in later.

You're thinking exactly like governments do - only of the here and now. Governments don't have any vision - liberal or labor. All that I am saying is that the coalition had years to make our economy strong, not just in mining. They didn't do it. What makes you think they'll do it in the future?

Thinking as the government does? Far from it. If I was going to be as pointed as you, I'd say YOU are thinking exactly as the government WANTS you to. Your thinking only in terms of Labor vs Liberal, black vs white, good vs bad etc. Two dimensional with only a choice of one or the other. Mate, step outside the box and think in terms of alternatives. And if you can't think of an alternative, then plan in a way that allows for an alternative in the future.

I stand by what I say though in terms of the current labor government stinking to high heaven and THAT is what concerns me right now. REALITY is what is on your foot now.

Not thinking that way at all - I haven't voted in the last 4 federal elections and even less in local/state elections - I just find it interesting the criticism that this government gets when in reality they all deserve it. I think the whole system doesn't work but it's not going to change any time soon. We've had a 2 party system for over a century and I don't see any change to that besides the greens taking votes off labor.
What alternatives are you thinking? A new party? A whole new system? Anarchy?

 

[doomsday surprise]

it's not moot because the point was factually incorrect

Why?

1. because
2. I always thought that was the worst election for labor to win (labor didnt win, three independent stooges handed our country over to puddle duck and penny wrong to totally ravage)

Stooges to whom? That's our system of democracy.
What I really hate with our different parties is their absolute rigidity to the party line. If you cross the floor you're an outcast. In the American system members vote against the party all the time. Here it never happens unless it's a 'conscious' vote on an issue like gay marriage. There's no flexibility at all here within the party system.

 

[lucky luke]

You're thinking exactly like governments do - only of the here and now. Governments don't have any vision - liberal or labor. All that I am saying is that the coalition had years to make our economy strong, not just in mining. They didn't do it. What makes you think they'll do it in the future?

Thinking as the government does? Far from it. If I was going to be as pointed as you, I'd say YOU are thinking exactly as the government WANTS you to. Your thinking only in terms of Labor vs Liberal, black vs white, good vs bad etc. Two dimensional with only a choice of one or the other. Mate, step outside the box and think in terms of alternatives. And if you can't think of an alternative, then plan in a way that allows for an alternative in the future.

I stand by what I say though in terms of the current labor government stinking to high heaven and THAT is what concerns me right now. REALITY is what is on your foot now.

Not thinking that way at all - I haven't voted in the last 4 federal elections and even less in local/state elections - I just find it interesting the criticism that this government gets when in reality they all deserve it. I think the whole system doesn't work but it's not going to change any time soon. We've had a 2 party system for over a century and I don't see any change to that besides the greens taking votes off labor.
What alternatives are you thinking? A new party? A whole new system? Anarchy?

Yes, Yes, and Yes. All three are initiatives that may have merit. And others (including a benevolent dictatorship by myself).

Think back on the REAL situation (politically, economically, and socially) in Australia 200 yrs ago.
100 yrs ago?
and of course there is now.
In 100 yrs time, just how similar to you think our country will be then to what it is today?

All things are possible. They just need the right combination of dire social circumstances to prompt a little motivation for change.

The problem remains that most people look to the future based on the present instead of keeping an open mind to the as yet unthought of future possibilities.

 

[hiho]

Why?

1. because
2. I always thought that was the worst election for labor to win (labor didnt win, three independent stooges handed our country over to puddle duck and penny wrong to totally ravage)

Stooges to whom? That's our system of democracy.
What I really hate with our different parties is their absolute rigidity to the party line. If you cross the floor you're an outcast. In the American system members vote against the party all the time. Here it never happens unless it's a 'conscious' vote on an issue like gay marriage. There's no flexibility at all here within the party system.

Oh yeah and thats the most fucked democratic system in the world. Th day we become a republic is the day the likes of gillard will turn the system into a police state