Captions Copyright National cable satellite corp. 2008 for years now, its been assumed that americas destiny was to be overtaken by china as the Worlds Largest economy, and that may still happen, but actually its chinas economy that now seems under pressure in the face of robust american efforts to stop china taking advantage of the free trade that it never practices itself. The people who know china best, the rich china, cant wait to get their money out and their kids educated in the west and the people of hong kong who are risking bloody repression of support of their British Heritage dont trust the goodwill or longevity of the communist regime. For years its been assumed that globalization under pinned by free trade was unstoppable and unambiguously good. Even though it was much more obviously good for the rich people of poor countries than for the poor people of rich ones. Yet trumps tariff hikes against china seem to be bringing more investment dollars home, boosting American Manu
Minds. Lets turn it over to you, tony, and get it started. [applause] abbott walter, thank you. Thank you, ladies and gentlemen for being here. It is always good to be in washington and at the Heritage Foundation in particular. I have a speech which i am going to deliver. I have worked on it. I think it is important that i give you the speech i have written. Thate just begin by saying america is the indispensable country, the only country on earth with the strength and the consistently beat the free world. I like to think that australia is americas indispensable partner. The one country that america can always rely on for help when America Needs it. So with those introductory notes, it is straight to the Heritage Foundation. Back in november of 2014 when australia hosted the annual meeting of the g20, it was by far the most important gathering of leaders ever held in my country. It should have been a diplomatic triumph, but for president obama choosing at that time to give a speech at
thank you for coming out today. i m walter lowman, director of the asian study center here at the heritage foundation. i know you are all here to see tony abbott, former prime minister of australia. as you know he was prime minister 2013 to 2015. and later of the local party in australia for a little longer than that since 2009. that s literal in the good sense of the word here at the heritage found case, the conservative party in australia. all in all, he was 25 years in harlment representing the district on the outskirts of sydney. up until just last year. but besides all his bio, i think the most important thing about tony abbott is that he s a good friend of the heritage foundation. i have to say as you look across the spectrum, political figures in australia, there s hardly one we agree with more than we do tony abbott. don t know if that helps you in australia, it might handicap you a little bit to be so closely associated with us, i have to say every time you come here
Attacked us, what do they want . And most importantly what else with a planning . Today we take for granted the fact that we know the answers to those questions and wind of the attacks were carried out by alqaeda on the orders of Osama Bin Laden, that they were conceived and executed by his operational commander, a terrorist mastermind named Khalid Sheikh mohammed. In the early days after 9 11 we didnt know any of that. With almost nothing about the enemy who he does. We did note ksm was a mastermind of 9 11 or the command of alqaeda or who his key accomplices were or what theyre planning by way of a followon attack. Unbeknownst to us there were two Terror Networks out there that were waiting to carry out the second wave picked it was in the case and network that of 9 11 and something called the hezbollah network in Southeast Asia terrorist that case and recruit because he knew they would look out for arab men and then a series of attacks planned that are guest today knows very well. B
Or 60 or 70 years ago. I mean, having running water, hot and cold running water, indoor plumbing, a television set, microwave and a computer, would have looked very, very good to my parents when they were young. Thats quite a long time ago. But relative poverty is a very deeply ingrained belief in american society, and i think in western society generally, and as long as there are people who are conspicuously more poor than most people, i think that the concern will continue to exist, even though an n absolute terms you could argue that it doesnt. The gentleman has had his hand up for a while there. Steven with basic income action, and i was pleased to hear you mention Charles Murray and the negative income income maintenance experiments from the 60s. Want to see if youre following the discourse about basic income in europe and canada and many other places where this idea of a guaranteed floor is gaining enormous support. There will be a referendum in switzerland in a couple of weeks.