Chinese decline is the best thing ever for Australia

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As usual, Australia’s second rate band of oligarchic intellects has little idea of what’s going on and even less about what to do about it. Paul Kelly is the exemplar though I could have pointed out one hundred other articles:

The global pillars that have sustained Australia’s security and living standards for decades are now cracking amid a trade, economic and strategic struggle between the US and China driven by two nationalistic, headstrong leaders narrowing their options for compromise.

Australia is caught in a conflict beyond its control with events moving dangerously fast. The Morrison government rightly declares our US alliance is “more vital than ever” — to balance the rise of China — yet Donald Trump’s economic warfare against Xi Jinping’s China threatens to drive a wedge between Australian and American national economic interests.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.