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Malcolm Turnbull assures us that something will come along to fill the gap left by the demise in Australia of Toyota and SPC Ardmona. But new sources of employment do not magically appear because they have been foretold by economic doctrine. Only about a third of those who are about to lose their jobs in car making or food processing are likely to find new jobs on equivalent incomes. Another third will probably never work again.
Pope Francis says: 'Work means dignity, work means taking food home, work means loving!' Some commentators criticise the government for taking an active role in maintaining employment through subsidising unprofitable industries. They miss the point that it's the government's job to promote the wellbeing of the people, and having a job is so fundamental to living in modern society.
The Coalition's impending destruction of the Australian car industry by calculated public stalling of decisions on government assistance is shaping up as its most disastrous high-visibility policy blunder. This industry — but none other — is to be wilfully abandoned as a victim of rigid free-market economic ideologies. It does not make sense, in economic, social or national security terms. This is Australia's version of US Tea Party budget brinkmanship.