FED:Lee Kuan Yew warns Aust of white trash

AAP General News (Australia)
01-01-2012
FED:Lee Kuan Yew warns Aust of white trash

(EDS: EMBARGOED AND NOT FOR USE BEFORE 0001 AEDT JANUARY 1, 2012)

By Max Blenkin

CANBERRA, Jan 1 AAP - In 1980, Lee Kuan Yew, the outspoken prime minister of Singapore,
famously warned that Australia was living way beyond its means and in danger of becoming
the poor white trash of Asia.

Former Australian prime minister Bob Hawke agrees.

This was an era when Singapore was booming, while Australia, still prosperous, faced
a series of structural problems including a highly protected economy and an inflexible
labour market.

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