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There is a way out, but it is not easy. Historically, regulation and standards have required acceptance by progressive business-those firms that recognized they would lose in races to the bottom. Today, corporate and public policy alike are run by the most reactionary elements, well-paid rogues that suck capacity.

The article discusses the current monetary union and it's extremely positive effect and opportunities it poses to the European union. It also mentions the common misconception that the eu is a monetary union without any political union which is wrong.

"With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million. With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million." Here we see how two countries are being compared using skills we learnt this week

China has intimated its new coal tariff may be waived on Australian imports if a free trade agreement between the two countries is struck, Treasurer Joe Hockey has said, raising the stakes further on the protracted negotiations.