All those reasons and more. Strategically bad move, we did okay in the middle.
You don’t have to be a Sinophile to know Keating’s right about AUKUS
alt-headline: Paul Keating is right, AUKUS will turn Australia into US protectorate
The ex-PM is the only person offering a convincing explanation of AUKUS. And it's a damning one.
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On the economics | robustness of the deal:
This deal is getting worse all the time.
Courtesy of the latest details of the AUKUS agreement tabled yesterday in Parliament, we now know that the moment it becomes inconvenient for the Americans or the Brits, there’ll be no submarines for Australia:
Cooperation under the agreement is to be carried out in such a manner as to not adversely affect the ability of the United States and the United Kingdom to meet their respective military requirements and to not degrade their respective naval nuclear propulsion programs.
Those programs, as even ardent defenders of the program admit, are already pretty degraded. The Americans have shifted from building two Virginia-class boats a year to one this year, and delayed the construction of the next generation of nuclear submarines by five years to 2040. The new generation Dreadnought-class boats under construction in the UK have suffered serious delays and astonishing cost blowouts.
Somehow, with around $10 billion of Australian cash, both programs will come good, to the point they can build boats for the US and UK, and for Australia, and help Australia build its own. It’s normal for defence policy to double as heavy manufacturing policy, and Australia has a rich history of wasting billions making things here that we could have bought far cheaper from other countries. Where AUKUS is unusual is that Australia will be using its defence policy as heavy manufacturing policy for the US and UK as well