Turning Screws: China’s Australian Coal Ban
Overly reliant economies are dangerously fragile things. As it takes two parties, often more, to play the game, the absence of interest, or its withdrawal by one, can spell doom. The Australian economy has been talked up – by Australian economists and those more inclined to look at policy through the wrong end of a drain pipe – as becoming more diverse and capable of withstanding shock. In truth, it remains a commodity driven entity, vulnerable to the shocks of demand. Think Australia, think of looting the earth.
