If government bailouts of companies are the new normal, we need a better strategic vision
- Written by John Quiggin, Professor, School of Economics, The University of Queensland
The federal government’s announcement of a A$600 million rescue package for Glencore’s copper smelting and refining operations in Mount Isa and Townsville marks a definitive shift in Australia’s industry policy.
The announcement follows the $2.4 billion rescue of the Whyalla steelworks, and a smaller assistance package for metals...
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