Addicted to Money Episode 2 - nowhere to hide

David McWilliams reveals how Australia and many other nations have become one‐trick economies, vulnerable to the
inevitable sudden shocks that are a by‐product of a fragile, globalised economy. In Australias case, we have become totally dependent on Chinese resource demand, putting our future in the hands of a party‐state dictatorship with a very big cheque book says McWilliams.China in turn has marched itself up an economic cul‐de‐sac, becoming overwhelmingly dependent on demand for its exports and in the process accumulating masses of potentially volatile US dollars.

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[Strange0ne]

@Nautilus1972 at least it seems to me that he is using austrian economic principals i am not certain though!

[Strange0ne]

@Nautilus1972 well now as an irish born citizen living in blackrock dublin i am well aware of who and what david Mc Williams is. The economic principals he applies are from the austrian school of thought that is what i was refering too!

[Nautilus1972]

@Strange0ne Emmm .... he's an Irish economist actually.

[Strange0ne]

@delatroy he is an austrian economist! Just like peter schiff who he sound bites at 1:18 you haven't a clue what you are talking about!

[DrSourCream]

and what are your a randian idiot

[delatroy]

David McWilliam's is a Keynesian idiot