Australian politician, 24th Prime Minister of Australia
Paul John Keating (born 18 January 1944) is an Australian politician who was the 24th Prime Minister of Australia from 1991 to 1996. As member of the Australian Labor Party (ALP), he previously served as treasurer of Australia from 1983 to 1991 and as deputy prime minister of Australia from 1990 to 1991. As Prime Minister, he won an "unwinnable" election in 1993. He left school at the age of 14, joined the Labor Party at the same age, served a term as State President of Young Labor and worked as a research assistant for a trade union. Elected to the Australian House of Representatives at the age of 25, he came to be seen as the leader of the Labor Right faction, and developed a reputation as a talented and fierce parliamentary performer.
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(On Xi as president for life: ‘A belief in harmony’) Well, it’s a good way to stay in power, I guess. It’s not my way. I actually believe in a community’s right to dismiss the government. But you’ve got to remember that China is broadly a Confucian society that believes in harmony, in authority, and it is with this background that it accepts, I think broadly, the role of the Chinese Communist party. I mean, the idea that we have that if you don’t vote at the local ballot box, that is, if you are not a Jeffersonian liberal, then you are a savage, belies the fact that China has a 4,000-year history which has these characteristics about it.
This society of ours is better than the United States. It’s more even, it’s more fair, we’ve had a 50% increase in real income in the last 20 years. Median America has had zero, zero... We don’t shoot our children in schools and if they were to be shot we’d take the guns off the people who shot them. The Americans do not do this... The idea that… we are some sort of subordinate outfit that has to get a signal from abroad before we think of ours is a complete denial of everything we have created here.
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In October 2020, the IMF in its annual report nominated China as the world’s largest economy. It says China’s economy is now 20% larger than the United States, 24tn versus 20tn – a report which was endorsed by the CIA. So you have the IMF and the CIA out there saying China is 20% bigger than the United States now. These are the key numbers. American GDP per capita is $60,000. China’s GDP per capita is $10,000. But as China is moving out of its old model of cheap manufactured goods, their income is going to rise. But at 10,000 US dollars per capita, China is 20% bigger than the US. How many years is it going to take China to get to 20,000? Not 60 … but with the highly urbanised economy of theirs, it will take a decade, perhaps. If it gets to $20,000 US per capita, it will be 2.5 times bigger than the United States. To which the United States says: “That is all very interesting but, look, if you behave yourselves, you Chinese, you can be a stakeholder in our system.” And you would not have to be Xi Jinping to take the view, if you are a Chinese nationalist, “let me get this right, we are already 1.25 times bigger than you, we will soon be twice as big as you and we may be 2.5 times as big as you, but we can be a stakeholder in your system, is that it?” It would make a cat laugh.