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Old Nov 14, 10, 8:18 pm
FlyerTalk Evangelist
Join Date: Feb 2005
Location: RSE
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Posts: 13,184
Originally Posted by number_6 View Post
Having more resources and wealth than consumption and manufacturing capacity isn't a problem but rather a blessing.
A chronic CAD isn't a great thing to have, nor is the fact that we import vast amounts of capital for uneconomic purposes such as property speculation, and putting things on the credit card. If it wasn't for a once in a century mining boom we'd be in the same sinkhole as the rest of the world. Our export base is far too narrow.
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