If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic.
About this quote
- What does it mean?
- Economic stability depends on manufacturing, moderate wages, and sensible policy; without them, a nation risks falling into decline.
- In plain terms
- If the government fails on economy, the country will suffer badly.
- What can you take from it?
- Protect manufacturing and wages to avoid economic decline.
Where it applies
Putting it to work
Questions to consider
- What economic policies matter most?
- How do you assess national health?
Another view
Economic outcomes depend on many factors beyond government control.
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