Wednesday, 19 November 2008

Protectionism rears its ugly Victorian head

Kevin Rudd had no sooner returned from playing the virtuous international leader committed to a united action by the G20 to end the world's financial crisis than Victorian Premier John Brumby started making him look like just another political hypocrite. A key element of the so-called plan to save us all from the ravages of a depression was a decision that countries should avoid the protectionist mistakes of the 1930s. This time around there are supposed to be no barriers to world trade.
The Australian motor car industry subsidy came close enough to making a mockery of that promise by our Prime Minister but Mr Brumby has gone the whole hog with his decision to favour Victorian manufacturers over foreign rivals for billions of dollars worth of State Government contracts.
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