The Land of Opportunity Down Under: Australia

The David McWilliams Podcast

David McWilliams

News & Politics

4.5 • 692 Ratings

🗓️ 21 October 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cycling through Brisbane in the heat, we've found a country that hasn’t had a recession in nearly half a century; a statistical miracle in modern capitalism. Australia’s economy has grown steadily since the 1980s, powered by the luck of geography and the grit of immigration. Iron ore alone earns more than €100 billion a year, and one in three residents were born abroad, making it the most immigrant-driven economy in the rich world. Its central bank floats the currency to stay competitive, its politicians spend sparingly but smartly, and its cities remain among the most liveable on Earth. Yet beneath the sunshine and swagger lies a tension: record house prices, soaring costs, and a nation riding two horses at once, one facing Washington, the other Beijing.

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Transcript

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0:00.0	How are you doing there just before we start?
0:02.2	I am on my book tour down here in Australia.
0:05.4	Huge demand.
0:06.4	And as a result, I put on two extra shows for next week.
0:10.6	Tuesday, the 21st of October in Melbourne, tickets, Celticclub.com.
0:15.3	com.
0:15.3	And 23rd of October next Thursday in Sydney, landsdownclub.com.a.u.
0:22.0	And there is a free copy of money,
0:24.7	a story of humanity with every ticket purchased.
0:27.5	We will see you in Sydney or Melbourne next week.
0:33.1	The tulips only bloom at midnight.
0:37.9	Sorry, well? The tulips only bloom at midnight. Sorry, what?
0:38.8	The tulips only bloom at midnight.
0:42.6	Are you talking to me?
0:43.4	The tulips only bloom at midnight.
0:48.1	I'm going to sit on another bench if that's okay.
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1:14.3	For the chance to win, sign up before midnight on the 31st of October.
1:18.3	A share of 28.3 million pounds could be yours,
	...

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