Racist, Racist Australia

The recent race riots in Australia come as no surprise to the black economist or anyone familar with colonial history. Aboriginies were the objects of genocide. The "stolen generation" is a horror show of a society gone mad.
More recently during the filming of, "The Matrix", Larry Fishburne compared modern day Sydney to 1950's America. Later in the interview he does say that ,"once they know you" things are fine.
More disturbing to the black economist is the way cell phones were used to organize beatings and meeting places for the attackers.
Looked at from the Macro level one can see that Australia is on the precipice of real change. A few months ago (while the potential bird flu pandemic was hot news) there were a number of press reports saying that "Australia could survive if it found itself cut off from world trade". Indeed, they seemed to be well prepared for a closing of borders.