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Too Much Luck: The Mining Boom and Australia's Future, Paperback / softback Book

Too Much Luck: The Mining Boom and Australia's Future Paperback / softback

Paperback / softback

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'We think we are the lucky country, but what we really have is dumb luck - a lot of luck without the planning or strategy to make sure our good fortune lasts.' - Paul Cleary In Too Much Luck, Paul Cleary shows that the resources boom, which seems like a blessing, has the potential to become a curse - unless our governments take urgent action.

Today, under-taxed and under-regulated multinational companies make a tidy profit by selling off our non-renewable resources.

As the mining boom accelerates, it will drive the dollar sky-high, forcing up the cost of doing business for everybody.

Industries such as tourism and education - industries that, unlike mining, involve many jobs - will fade away.

But what happens if commodity prices suddenly collapse, as they did with the GFC in 2008; or worse, when the resources run out?

Many countries before us have been caught by the resources trap- a heady period of boom and growth, followed by a painful bust.

Paul Cleary maps out the pitfalls, considers what has worked overseas, and suggests a better way forward.

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