I won't bother posting any links to media reports about the Australian governments recent announcement regarding its submarine policy and related purchase agreements, so as to not taint the discussion with one media slant vs another.
My view - I with Paul Keating on this and think that this is a really bad decision on any number of fronts.
The costs are huge. I know we are talking decades away, but that just means we are only really guessing what the actual costs will be. As well as somehow finding the money for this, it likely means that funding for other things is likely to be detrimentally impacted (e.g. social housing, health, education, environment, etc.)
Do we actually need submarines? Most dialogue is around the "threat" from China, but I can't really think of any reason why China would engage in a war with Australia, or with our closest neighbours. I've seen reports that suggest China probably won't even push to take over Taiwan, given the perceived global effects of doing that.
As we wait decades for the submarines to be built and delivered, we are apparently to host US nuclear submarines as a stop-gap measure. I'm pretty sure that is against our nuclear-free Pacific treaty obligations and, if you believe China would be aggressive in the future, make us a nuclear target.
We will apparently need to deal with nuclear waste in the future.
@brendanm: Hit me up next time you want to sell something. I’m aussie so will give you the Australian price to keep in country