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The AFR is busy wetting the bed over the obvious:

US Deputy Secretary of State Kurt Campbell has once more torn away the veil of what the AUKUS submarines are actually intended for: a potential war with China over Taiwan.

Campbell has criticised the Albanese government’s public emphasis – and indeed that of his own President – on AUKUS’ capacity for domestic job creation, and says “more money” will be required to realise the audacious plan.

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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.