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AUKUS is a bad deal for Australia

Despite great cost, Canberra runs real risk of never getting its submarines

| Australia
From left, Australian Prime Minister Anthony Albanese, U.S. President Joe Biden and British Prime Minister Rishi Sunak in San Diego, California on March 13.   © Reuters

Satyajit Das, a former banker, is the author of "Fortune's Fool: Australia's Choices" (2022).

Most of the discussion in Australia around AUKUS, the security partnership with the U.K. and U.S. that is to see the country acquire nuclear-powered submarines, has focused on political and security concerns.

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