This is CBS I on the World with John Bachelor.

Here's John Bachelor.

Perth Australia and regarding the Indian Ocean,

looking at the world from the southern hemisphere,

now late winter, anticipating springtime.

Gregory Coppley joins the editor and publisher of Defense

and Foreign Affairs to comment on a presentation

Gregory has just returned from, the Australian Leadership Retreat in Adelaide, Australia,

and the title of the presentation, The Future of Post Industrial Nations,

specifically Australia.

Gregory, a very good day to you.

What's wrong with Australia?

Nothing mate.

It does very well in cricket, for example.

However, I learned from you that one measure of Australia

is requires a great deal of attention

the Australian currency what's happened Gregory good Gregory? Good evening, John. Well, yeah, I can talk about my presentation or one of my presentations to the retreat because I can't talk about anybody else's participation because it's all on Chatham House

rules, but my own presentation is fair game.

What's wrong with Australia is that it has been in a utopian state, the utopianist state for the

last century really, it's had a very good history in a sense that it's been known as

the lucky country in other words everything worked out for it.

It was agriculturally super abundant, super abundant in resources and including gold and the

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