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Growth Industries Forecast

by Bruno Deshayes on 11 May 2017 permalink
When we are at war with China and the container ships stop coming in, who will restock the shelves at K Mart?

Our clothing and footwear industries are all but non existent. If you are looking for a growth sector - there it is staring you in the face! Now is the time to re-learn how to stitch-up some fashion back into our lives. Can the rag-trade have a rebirth? Could it be a distributed cottage industry? Could stay-at-home mums dust off their sewing machines and generate some income?

In Tasmania, the one Australian state with a record unemployment, people have discovered ways to flag down the tourism traffic off the highway by turning their home into an arts and crafts shop. Can we use social media to whip-up a grassroots movement distributing the patterns and fabric and later collecting the finished garments?

Notice how belligerent the Chinese have become. They oppose every resolution of the Security Council at the United Nations to let the crisis in Syria go unabated.  In their national pride they are willing to pick a fight with Vietnam and Japan over dubious territorial claims regarding some deserted islands - not unlike the Falklands war between the United Kingdom and Argentina.

Yet at the same time our government is letting go of strategic assets which are critical in terms of national security. The last two petrol refineries in NSW are being closed down. We will now import our distillate from Singapore because it is more profitable to put our skilled workforce to pasture. If we are the lucky country riding the mining boom, why can't we export gasoline as well as coal? A little bit of added value would not hurt.

But our mindset has always been to export steel to Japan and import it back as manufactured cars or whitegoods appliances. We also export uranium to India but would not run a nuclear power station while we had all the space to conduct nuclear tests in Maralinga for the British.

So if you see the lights on late at night in your neighbour's garage maybe the cottage industry has come to Australia out of necessity. Few are willing to accept that we might be falling down into a world recession like the Great Depression of the 1920s. It lasted 10 years from 1929 to 1939 and ended by the rise to power of Adolf Hitler and the start of the Second World War.



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Bruno Deshayes

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