What is the Lima Declaration?
The Lima Declaration, signed in 1975, has had a lasting impact on Australian industries. In The Court of Public Opinion, Jeremy Cordeaux brought attention to this agreement, saying, “The Whitlam government signed the United Nations Lima Declaration.” He described the deal as a betrayal of Australian manufacturing.
The Lima Declaration was an international agreement aimed at redistributing global industrial production to developing nations. Jeremy explained its purpose, stating, “The Australian government sold out Australian industries and workers by specifically agreeing to transfer manufacturing to third world countries.” This policy decision was intended to help these nations develop economically.
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The Impact on Australian Manufacturing
The consequences of the Lima Declaration were far-reaching, leading to the decline of local manufacturing. Cordeaux criticised the decision, saying, “Goff Whitlam sold out, their words, sold out Australian industry and workers.” His words reflect the frustration of many Australians who believe the country’s manufacturing sector has suffered as a result.
Jeremy pointed out that the agreement’s terms forced Australian industries to relocate their operations overseas. He explained that this move caused significant job losses and weakened the nation’s economic independence. The impact of the Lima Declaration is still evident in the challenges faced by Australian manufacturers today.
Why This 1975 Agreement Still Matters Today
Signed nearly 50 years ago, the Lima Declaration continues to influence Australia’s economic landscape. Jeremy stressed its ongoing relevance, stating, “People still vote for Labour. People still, how could any worker vote for Labour?” He questioned why the consequences of this agreement are not more widely discussed in modern politics.
Cordeaux believes that the Lima Declaration represents a turning point in Australia’s economic policy. He argued that the decision to shift manufacturing to developing countries undermined Australia’s industrial base. This loss of local manufacturing has led to greater reliance on imports and increased vulnerability in the global market.
Can Australia Recover Its Lost Industries?
The question of whether Australia can recover its lost industries remains open. Jeremy Cordeaux expressed his doubts, highlighting the difficulty of reversing the damage caused by the Lima Declaration. He said, “How could any worker vote for Labour?” emphasising his belief that political choices continue to impact the nation’s economic direction.
To revive its manufacturing sector, Australia would need to focus on policies that support local production. Jeremy urged Australians to become more aware of the Lima Declaration’s effects. He stated, “Google it, look it up, research it,” encouraging people to understand the history behind this agreement and its impact on the economy.
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Conclusion
The Lima Declaration of 1975 had a profound effect on Australia’s manufacturing industry, leading to significant economic changes. Jeremy Cordeaux’s analysis on The Court of Public Opinion highlights the importance of understanding this historic agreement and its lasting consequences. By learning from the past, Australia can make informed decisions to rebuild its manufacturing base and strengthen its economy.
Join Jeremy Cordeaux for The Court of Public Opinion LIVE every Friday from 9 a.m. to 12 p.m., streaming round the dining room table at jeremycordeau.com and via Auscast Radio at auscastnetwork.com.
