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Political Information Last Updated: Mar 15, 2021 - 10:28:00 PM


Australia is Now Paying the Price Economically for Its Hostility to China and Slavish Loyalty to The US
By Tom Fowdy with comments by Ron
Mar 7, 2021 - 4:17:23 PM

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https://www.rt.com/op-ed/516874-australia-price-economically-hostility-china/


Tom Fowdy is a British writer and analyst of politics and international relations with a primary focus on East Asia.

1 Mar, 2021 Get short URL

Australia is now paying the price economically for its hostility to China and slavish loyalty to the US

SHANGHAI, CHINA - NOVEMBER 4, 2020 - Australia's Import Pavilion at the Greenfield Global Commodities Trading Port, Shanghai, China. © Getty Images / Barcroft Studios

Follow RT onRTThe consequences of Canberra's unconditional alignment with Washington in the cold war against Beijing are becoming clear. How long can Australia afford to be overtly hostile towards China, its biggest benefactor?

A recent study by the Australian National University found that Chinese investment in the country fell by more than 60 percent in 2020.

The report states that the drop goes beyond declining global investment - which was exacerbated by the Covid-19 pandemic - and followed a 47 percent slump in 2019.

ALSO ON RT.COMChina-Australia relations are deteriorating fast, and it's Canberra's loyalty to US and hostility to Beijing that's to blame

These significant falls are attributable to rising political tensions between the countries, with Canberra having fanned hysteria about the scale of Chinese influence in the country, positioned itself as a loyalist to US foreign policy and taken moves to block multiple investments.

This enmity reached a boiling point last year, with Beijing placing tariffs and bans on a number of Australian exports including wine, coal, barley, and lobsters.

At the same time as the news of the drop in investment emerged, China announced that its official GDP enjoyed sustained growth throughout 2020, avoiding the problems caused by Covid-19 that beset other major economies around the world.

With China's economy already 70 percent of the size of America's, it is forecast to become the world's largest in seven years' time. It makes no secret of its ambition to power ahead, with the Communist Party having announced a mega infrastructure scheme intended to double its economy by 2035, by constructing hundreds of new airports and a high-speed rail network spanning 200,000km.

So, where does all this leave Australia? Although attached to a region of prolific growth that is undeniably much better off than Europe, Canberra has nonetheless made bad strategic choices under Prime Minister Scott Morrison and is paying the price for it.

It has staked everything on absolute alignment with the US and put itself on a collision course with the dominant economic power of the Asia-Pacific region, treating it as a de facto adversary. While Australia repeatedly depicts itself as a victim in its confrontations with Beijing, China now sees it as a hostile country with significant risk, and, subsequently, it is bleeding on all fronts - trade, investment and education.

To fully understand Australia's position, it is important to recognise its place in the world. Although geographically it spans an entire continent, when it comes to population size, it is, in fact, a small country with fewer people than China's largest city of Shanghai. Moreover, it is surrounded by countries with far, far larger populations, discounting China itself. Neighbouring Indonesia has around 270 million people - 10 times as many as Australia - for starters.

This makes Australia more strategically insecure than it actually appears, and, combined with an Anglophone identity and British legacy, has created a foreign policy outlook which places maximum strategic dependency on the US.

ALSO ON RT.COMAustralia pays heavy price for being Uncle Sam's lapdog towards China

History has also contributed to this. In World War II, the British Empire was largely overrun in the Pacific by the Empire of Japan and, ultimately, only the US was capable of sustaining Australia's independence, which subsequently saw America displace Britain as the Pacific power thereafter.

This security arrangement has seen Australia side with the US in every major conflict and foreign policy stance since, even more so than Britain itself (consider, for example, the Vietnam War). The rise of China presents a new challenge, because it cuts across Australia's interests like never before.

Australia's geography has allowed it to thrive immensely from China's economic trajectory, especially in sectors such as mining, making it Canberra's largest export market and a crucial source of foreign investment. However, China's ascent has also fostered the belief that Beijing now serves to challenge the international order led by the US, on whose mast Australia has for decades long pinned its colours.

Irrespective of this, Canberra is not handling its position well. The Morrison government, the media and assorted think tanks have not sought balance and calibration between what might be described as Australia's own strategic autonomy and economic prosperity.

Instead, they've opted for a full throttle anti-China policy and maximum loyalty to the US, which has undermined the foundations of the country's prosperity. And Australia has happily played the victim when the consequences of these actions have rolled in one by one.

And what exactly are those consequences? Well, the trade embargos China has implemented across the board are extremely unhelpful. Pledges to find someone else to export to are almost always the counter-argument, but this glosses over the reality that no other country on earth has the spending power of a consumer market of 1.4 billion people.

READ MORE Caitlin Johnstone: America has no allies, only hostages

Caitlin Johnstone: America has no allies, only hostages

The Australian wine company, Treasury Wine Estates, for example, has been forced to divest some aspects of its business in response to Chinese tariffs, with profits crashing 43 percent. The price of Australian lobsters has also dropped from $100 to $30 AUD per kilo, with China having accounted for 95 percent of exports. And farmers have warned the trade spat with China will cost them $37 billion.

But that's not all. Rumours are now escalating that China is openly encouraging a boycott of Australian universities - a significant move, given it is estimated Chinese students contributed $10.5billion to the Australian economy between 2019 and 2020.

This reliance on international students is exacerbated by the country's own small population. Now, however, Chinese authorities are citing racism and outright political hostility as reasons to stay away, and urging risk assessments. This is a ticking time bomb for academic institutions, especially as the Australian government has also implemented cuts in education spending in favour of investment in the military. And that little irony expresses the problem in a nutshell.

In conclusion, Australia is now suffering because it has made the decision to pivot itself towards being a strategic adversary of the regional hegemon, which also happens to represent its primary benefactor. China's rise facilitated Australia's own boom in the early 2000s which saw its average income increase more than threefold. But now, on the preference of loyalty to Washington, it finds itself increasingly isolated and estranged from an economy that will soon be the world's largest.

Nobody denies Australia the right to hold its own strategically and negotiate from a position of strength. But to see so many sectors now placed on the brink and investment tanking because of excessive hostility towards Beijing? That isn't strategy, nor is it prudence. That's failure.

 

[Ron: This article presupposes that our world will continue to exist and operate under the demonic globalist political, monetary and economic arrangements that have prevailed for centuries. IT WON'T!

Australia and all nations around the world will shortly be enterring into a totally new, warfare free environment in which international co-operation rather than violent opposition and competition will become the norm.

After President Trump is affirmed as the legitimate president of the reactivated Republic of the united states of America public disclosures of suppressed Tesla and other technologies will occur and those and other hidden technologies will become available for use on this planet. In particular Tesla type power generation and transport modes will begin to eliminate carbon based fuels which will silence irrational anti-CO2 'Climate Change' and "Green New Deal" lobbies.

Perhaps even more importantly the current barbaric medical, pharmaceutical and healthcare industries will be eliminated by the introduction of suppressed healthcare technologies like Med Beds. See eg: Holographic Medical Pods (Med Beds) - http://abundanthope.net/pages/Health_and_Nutrition_37/Holographic-Medical-Pods-Med-Beds.shtml

On 5 February 2019 Christ Michael Aton (CM) the creator of this universe, decreed the commencement of his Millennial Reign here. CM was a dual incarnation with Esu Immanuel Kumara, one of his sons, when they overshadowing Christ Jesus 2000 years ago. He has returned to Gaia to reclaim her from the demonic Luciferians who have controlled and enslaved this planet and its inhabitants for centuries.

CM has tasked the Triodity of Presidents Trump, Putin and Xi and their supporters to eliminate the globalist bankster cabal and usher Gaia into his Millennial Reign along with all of her human inhabitants who seek to serve others more than self.

To free USans and everyone from Talmudic global bankster enslavement it has been necessary to eliminate the Federal Reserve System (the Fed) and all Rothschilds' controlled Central banks globally and to replace them with a global Quantum Financial System in which the US and every nation will be responsible for issuing gold backed money and currency in their respective jurisdictions. This initiative is currently being done by the Trump administration and its Alliance allies around the world under the guidance of the office of the International Treasury Controller.

The monetary system reset in the US will be part of a global Quantum Financial Reset. That Reset is being organised by the International Treasury Controller who has begun the process of agreeing, with all countries in the world, the "Pegging" of their currency to a replacement for the Petro Dollar which will be the INTERNATIONAL GOLD BACKED GLOBEC CURRENCY. That process will establish the value of each national currency vis-a-vis the Globec which will bring them stability and away from the currency markets which will be abolished. This will involve the collection of numerous details and data so that a real and practical value can be assessed for each currency and agreed with the applicable country. See: DAVID CRAYFORD ---------- IT'S TIME THAT SOMEONE STARTED KICKING ASS SO THAT CHANGES TO THE CURRENT FINANCIAL SYSTEM CAN BE MADE TO BENEFIT EVERYONE, NOT THE MINORITY - http://abundanthope.net/pages/Whistleblower_and_OITC_114/DAVID-STARTED-KICKING-ASS-SO-THAT-CHANGES-TO-THE-CURRENT-FINANCIAL-SYSTEM-CAN-BE-MADE-TO-BENEFIT-EVERYONE-NOT-THE-MINORITY

The Quantum Financial Reset may not be completed until after the coming Magnetic Reversal STAND STILL, and stasis period. It will transform social and economic life on this planet. Problems associated with commercial banking and usury as we know them will be gone. Sovereign National Treasuries will issue all local money and currency on a usury free basis. The elimination of usury will eliminate income taxation and pave the way for global prosperity and abundance. Gross inequality and poverty will be elimnated very quickly. This planet and its remaining inhabitants will then be ensconced in CM's Millennial Reign which was declared on 5 February 2019.].

 

[Some colour fonts, bolding and comments in square brackets added.].

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

 

 




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