[Australian Politics] Economy

[@Cicada3301AU]

Australia's manufacturing sector has been in free fall for as long as I can recall, and it's accelerating.
No Government has been able to arrest it.
Despite catchy tags and marketing slogans like "Future Made in Australia", statistics continue to show Australia is quickly approaching the point we will become 100% reliant on China, for manufacturing our goods.

https://www.theaustralian.com.au/commen ... bf624330e6

The "Future Made in Australia" initiative is the most misleading policy imaginable.
One of the first decisions to come from the initiative included the Australian Government giving a $1billion to a US company, PsiQuantum, to develop vaporware.
"Future Made in Australia" is a total lie, in the form of Government policy.

[@Cicada3301AU]

Not only is the way new jobs are counted completely fraudulent, but reports like this are completely artificial and misleading.
The only reason job figures appear so healthy is because of the continued massive expansion in Government-funded services and a highly-inflated bureaucratic sector.
And that's not just hearsay, it's evidenced by this hidden little paragraph at the end of the report which explicitly says exactly this.
If you want economic stimulation to fuel an economy it doesn't come from massively expanding the "non-market sector", instead investment and return must come from the private market sector.
Currently, the Government is using these artificial numbers to hide the true economic picture, which is dismal and weak, and going backwards on almost every metric.

[@Cicada3301AU]

Anyone who digests my regular observations and commentary on the state of the Australian domestic economy will know this is something I've been warning about through the expansion of bureaucracy, Government services and the non-market sector.
The problem is most economists were pretending it wasn't happening because it was inconvenient to market analysis.
But now the problem of a highly-inflated Government bureaucracy and non-market wage bills, which is continuing to accelerate the increase in Government debts, is becoming too big to ignore.

https://www.afr.com/policy/economy/wage ... 115-p5l4fp