Chatham House 41d ago

Is AUKUS a bad deal for Australia? Speaking at Chatham House on 11 May, former Australian prime minister Malcolm Turnbull described AUKUS as a ‘huge wealth transfer from the Australian government to the US and the UK’. ‘It’s a submarine deal with no submarines…It was a terribly bad deal, a really stupid deal,’ he said, adding that US naval yards are not producing submarines at sufficient scale and speed to meet AUKUS needs. From an event titled: ‘The Australian model: Navigating the US–China divide with Malcolm Turnbull’ 🎦 Watch the full event here: https://youtube.com/live/9cfJdJqZt3U?feature=share 0:09 – ‘It’s a submarine deal with no submarines’ 0:47 – ‘What do the Americans get’? 1:24 – The US is ‘not producing enough Virginia-class submarines’ 1:56 - US naval yards are not producing submarines at sufficient scale and speed to meet AUKUS needs 3:48 – The partnership with the UK 4:43 – AUKUS is a ‘huge wealth transfer from the Australian government to the US and the UK’. 5:25 – ‘What should we do’ and 'What should the UK do'? #AUKUS #Australia #australiapolitics #MalcolmTurnbull #ChathamHouse #Geopolitics #Defence #USChina #IndoPacific Thumbnail credit: https://www.royalnavy.mod.uk/news-and-latest-activity/news/2023/march/14/20230314-aukus-deal-delivers-new-class-of-submarines-for-uk-and-australia; Open Government Licence v3.0. --- Chatham House is a London-based international affairs think-tank. Its mission is to address geopolitical challenges and international problems, aiming to help governments and societies build a secure, sustainable, prosperous and just world. Find out more about our mission and values here: https://www.chathamhouse.org/about-us/our-mission-and-values?utm_source=youtube&utm_medium=referral&utm_campaign=comms