"Several key defence acquisition programs were deferred for many years. The first of the new submarines to replace the Collins class now is not scheduled to be operational until at least 2028 and some in government are favouring cheap, limited-capability European boats. These small vessels would be outclassed in the western Pacific in the 2030s and 40s."
A submarine that is available and works beats a fantasy super-sub dream with no industry capability to back it up; every time. A 212 being out-classed. That is an interesting theory.
Although I am interested in Mr. Babbage's definition of outclassed. Does he mean in the manner of how the F-35 will be outclassed in the Pacific Rim?