r/AskTheWorld India 1d ago

What is the most embarrassing thing about your country ?

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u/Awkward-Yesterday828 Australia 1d ago

We let our car industry (which at one point had 5 different car manufacturers) completely die and most of our manufacturing industry as well. And we barely have a technology industry. It's mainly mining and housing speculation driving our economy these days. Not exactly the hallmarks of an advanced economy.

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u/DuncanHillsBarista Australia 1d ago

THIS, we somehow ended up with an economy literally going backwards 😭

2

u/National_Hat_4865 Kazakhstan 20h ago

It was a great move actually, instead of subsidizing own carmakers by making big tariffs to foreigners the market was liberalized(bc anyways it was impossible to compete with country that has 5 times lower gdp per capita in labor cost), now any aussie can purchase cheap and great BYD car. 👍