A relic of the 1970s

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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Is this a crime?

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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