@OopsGuess This was always going to be a problem for the Europeans. The problem with China is it is not racially and culturally European. Its production prowess not only challenges but destroys the myth of European cultural and racial superiority. The reaction was always going to be this.
@bowtiedstocks A great read on this era is Michael Cannon’s book
THE LAND BOOMERS. Partly a story about how a lot of the wealth from the gold rushes was squandered on property speculation. A bit like our current property mania is the squandering of the mining boom driven by Chinas rise
@bowtiedstocks There was a building in Melbourne that was sold late in the property boom of the 1880s for £66,000. After the crash of the 1890s it did not recover to that value until 1962
@ausstockchick Also rampant money printing, Covid scare, penalising people who work hard producing food etc. The inflation that has and is destroying many businesses is an engineered scam. Small businesses like cafes are treated with contempt
@TMFScottP@4mambo Instead of pissed up the wall creating a generation of entitled arseholes who thought that prosperity was the result of their genius. Not to mention an insane bout of property speculation. Overvalued currency destroyed a lot of manufacturing. Idiotic energy policy and debate etc
@TMFScottP@4mambo One Nation’s popularity is being driven not just by mass migration but our worsening economic situation which is the result of over 25 years of poor public policy. We would not be here if the boost to national income from the China boom had been put to good use.
@MarkoMatvikov@ruslankogan We are also in a sense cursed now. One of the reasons it was possible to build the kind of society we used to have was because we were the arse end of the world. Now we are in the thick of the geopolitical tensions caused by the rise of East Asia. We are captured.