Whilst I am in the mood to rant about Oz, let me regale you with some examples
1. The Cost
I live in Dubai and thought it would be a nice treat to take the family home for the holidays so I did some research.
Flight - 16 hours
Accomodation on the the Gold Coast - $200 (****sville) to $400 per night
Crown Lager in a bar - $7 to $10
Steak in a restaurant - $40
Conclusion - whole family (mine, brother's, grandparents, etc) will be staying in suites in a 5 star resort beachfront resort in Asia for a fraction of the price per night and where beers cost $2
On a far more basic level, why the hell can I buy a Holden Commodore or can of Fosters, both of which are made in Oz, for 40% less in Dubai than at home?
I know the answer is "tax" but there is little wonder as to why the latter has just been sold to a foreign company because that cost imposition makes them a sitting duck (i.e. poor margins with little capital to expand)
2. Natural Resources
Uranium in Africa
Mines of similar quality resource and accessibility to Oz are unviable due to low margins despite the fact that unskilled workers are paid $900 p.a. in Africa as opposed to $90,000 p.a. in Australia.
However, the "geniuses" in Parliament decide that now is a good time to sell this precious resource to India :laugh.
**** me, where do we get these people?
Australia is the world's largest supplier but the rest of the world is investing in concessions in South America, Africa, Russia, etc because Oz will soon be uncompetitive
Oz is an oil producer but cities such as Adelaide have less than 3 days reserve of petrol due to government restrictions on the operation and development of refineries.
Oz has one great industry and that is via pure luck
The other major contributors to GDP (tourism, services and agriculture) are either dead or on life support
Guys, wisen up
The country may not be broken but it is headed that way