Comment on Shoring up Australia's remaining industry an investment rather than bailout

Tau@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

“Every closure of a manufacturing facility is a loss of sovereign capability and compromises Australia’s ability to build a more complex and dynamic knowledge-driven economy.”

I agree with this sentiment, I don’t think it is a good idea long term to lose manufacturing capability and knowledge. I would however prefer that a stake in the company is transferred to the government when they have to spend large sums bailing out a facility due to it being in the national interest to do so.

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