Manufacturing isnt exactly a growth industry these days - driven by razor-thin profit margins and countries that have a huge wage advantage compared to Australia.
Hi Stretchy,
Oh, I dunno. The Japanese and German steel mills seem to do OK, and I gather both nations have pretty decent standard of living.
I tell ya, when you are standing on the Burrup Peninsula and see the massive iron ore carriers, along with the massive LNG carriers, all lined up and ready to go on their very long voyage up to Japan, you sometimes scratch you head and think, now why don't we as a nation just plonk a whopping great steel mill right here (steel being in quite some demand around the world) and do all of the value adding right here, rather than exporting raw product and purchasing it all back at highly inflated prices.
I asked this question to several people, including the Mine Manager's at Mt Whaleback, Tom Price and Robe River, along with the Woodside head knob up there at their processing facilities on a School of Mines tour back in '91.
All four of them simply said "good question - we don't know either, I think that's up to the chaps in Canberra."
I know Charlie Court had the iron ore back in the 50's, and tried to get together with Joe over in Queensland who had the coal supplies, and build a great big railroad across the nation to fuel the steelworks....(this was before the oil and gas reserves were discovered right at the doorstep of the iron ore deposits). Would've opened up western Qld, the entire NT and the interior of WA just nicely.
Political disagreements over "control" at the Federal level killed the deal stone dead.....fantastic. Two industrial visionaries literally stopped dead in their tracks by higher intellectuals placing a dead hand on the deal who knew better....remembering of course this was only 10 or 15 years after WW2.
Anyway....far too many IT folk on this site to convince anyone otherwise. You have the weight of numbers as they say in Parliament.