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Too Much Luck: The Mining Boom and Australia's Future (Paperback)
Loot Price: R385
Discovery Miles 3 850
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Too Much Luck: The Mining Boom and Australia's Future (Paperback)
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Loot Price R385
Discovery Miles 3 850
Expected to ship within 10 - 15 working days
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'We think we are the lucky country, but what we really have is dumb
luck - too much luck, more than we know what to do with.' - Paul
Cleary In Too Much Luck, Paul Cleary shows how the resource boom,
which seems a blessing, could well become a curse. We have never
seen a boom quite like this one. Under-taxed and under-regulated,
multinational companies are making colossal profits by selling off
non-renewable resources. New projects are being rushed through
weekly, but who is looking out for the public interest? As the boom
accelerates, it will drive the dollar higher and higher, and force
up the cost of doing business for everyone else. Industries that
involve many jobs, such as tourism and education, will fade away.
What happens if commodity prices suddenly collapse, as they have in
the past? Or worse, when the resources run out? Many countries
before us have been caught by the resource trap: a heady period of
boom and growth, followed by a painful bust. Paul Cleary maps out
the pitfalls, counts the human and environmental costs, shows what
has worked overseas and suggests a better way forward - one which
would turn this one-off windfall into a lasting legacy.
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