Will survival instincts drive new industry policies?
by Patrick J. Byrne A perfect economic storm on a scale not seen since the 1930s has been created by the covid19 economic crisis, China asserting its power across the region and problems resulting from four decades of deep globalisation. The political lesson of the 1930s is that, when unemployment numbers mount, federal and state governments that fail promptly to deliver policies to grow new industries face certain electoral defeat. Australians now want real effective policies, not political talk. They want new industries as the country comes out of the crisis, partly because global supply chains are likely to be…
