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We signed up to it and embraced globalisation and our place in the world doing what we're good at. That is, mining.Australia did not act on the Lima declaration.
Meanwhile we've seen previously undeveloped countries develop rapidly with a huge consumption of resources.
Good news economically for the people in those countries most certainly.
Dreadful news for the planet if the climate change science is even slightly correct since the whole thing has sent emissions higher.
Also there's the political implications. As the economy shifted, it's a reality that in Australia in 2021 you're more likely to own an investment property than to be a member of a union meanwhile just about everyone with a job, and many others, has investments in shares at least via superannuation.
Who wins elections = who's perceived as good for business, good for shareholders, good for development and so on. That's what happens when the traditionally union-dominated industries are gutted and the population become investors, sole traders, contractors and so on.
For the record, both sides of politics have in the past claimed we signed up to Lima. Going back a long way but from memory the Coalition made the claim and Labor acknowledged it under questioning at the time. Various others at both ends of the political spectrum have likewise either claimed it directly or claimed that the implication of offshoring manufacturing was a given.
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