Plus ça change, plus c’est la même chose. Australia’s Treasurer, Jim Chalmers, “will more purposefully direct investment flows to priority areas such as clean energy, through market design and co-investment”. Also known as industrial policy, Chalmers looks set to revive a relic of 1970s economic thinking:
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It certainly sounds like criminal activity perpetrated against the Australian taxpayer. From The Australian: “Annastacia Palaszczuk says the federal and state governments knew taxpayers could be slugged up to $450m to compensate mining giant Rio Tinto when the national energy plan was rushed through parliament this month.
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