Sadly true.

One of the more hopeful lessons of both WW1 and WW2 is that Australian society can industrialise rapidly IF the government gets out of the way. After WW1 we de-industrialised again immediately, but after WW2 the government took a while to destroy everything again.

Book - "The Role of Science and Industry in the War 1939-45", I recommend.

https://annas-archive.org/slow_download/cd14dce28bcc99c759c79ae127b802c8/0/2

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