Gough Whitlam's signing of the Lima Declaration in 1975 is often cited as a significant factor in the decline of Australian manufacturing. The declaration, endorsed by the United Nations, required developed countries like Australia to reduce their manufacturing output by 30% and increase imports from developing nations to redistribute global wealth and destroy the west.It had a significant negative impacts on Australian employment rates, particularly in the manufacturing sector:
1. Manufacturing job losses: The declaration required Australia to reduce its manufacturing capabilities by around 30%. This led to a sharp decline in manufacturing jobs, from about 25% of the workforce when Whitlam came to power to just over 7% today
2. Business closures and offshoring: Many Australian businesses either moved offshore or closed due to inability to compete with cheaper imported products. This resulted in substantial job losses across various industries
3. Agricultural employment decline: The number of farmers in Australia decreased dramatically, from around 300,000 in 1970 to fewer than 125,000 today, despite the population doubling in that time
4. Increased welfare payments: The significant job losses led to increased unemployment and consequently higher welfare payments
5. Long-term economic impact: The agreement's effects have been long-lasting, with estimates suggesting that Australia's manufacturing capabilities have been reduced by more than 90% since the declaration was signed
Australia has a long history of being sold out by traitor politicians, bought out by globalist bankers
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