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While I agree with your overall assessment of the Australia economy... > But when it runs out or stops being bought, are we going to be any better off than the

While I agree with your overall assessment of the Australia economy... > But when it runs out or stops being bought, are we going to be any better off than the Saudi post-oil? "It" is not going to run out in the foreseeable future. Australia is unimaginably huge and has deposits of pretty much everything somewhere. The state of Western Australia alone has 29% of the world's known iron ore, more than any other entire country (Brazil is #2 with 19%) and more than Russia and China combined.

marcus_holmes 6mo ago
Yeah but when they automate all the mining jobs away and the existing policy of bribing our politicians to not tax them gets to its logical conclusion, what's the point? We're just throwing away irreplaceable natural resources.
stinkbeetle 6mo ago
It really isn't hard to "foresee" 50-100 years into the future, and that's when iron ore could run out. Could even be sooner if production increases significantly.