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Here is what Trump’s defeat in Iran means in black and white.
The father of Australia’s defence policy, Paul Dibb, has called for a massive increase in spending to create greater military self-reliance in the face of a shrinking and unreliable America.
Professor Dibb does not advocate abandoning or even weakening Australia’s most important alliance, but says the country must accept that the US is losing its global clout and reach, and that in an era of a rising China, Australia must focus more on its own core strategic 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.
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