The march of neo-liberalism

The Australian Independent Media Network

Toyota

What is the Abbott Government doing wrong? Many could argue long and hard over that question, but in this guest article Andreas Bimba points to their strong neo-liberalism as one of their main failings.

In December 2012 Toyota announced the opening of its new engine plant at Toyota Australia’s centralised manufacturing operations in Altona, a western suburb of Melbourne. This was a little more than a year ago. Although times were tough then with a historically high Australian dollar, a fragmented market, almost no trade protection and only moderate government co-investment (to partially compensate for relatively high Australian wages), Toyota must still have seen a future for the Australian automotive manufacturing industry.

These external negative factors have not really changed from one year ago. If anything, the Australian dollar has fallen so conditions should in reality be better.

What is different is the attitude of the current Federal Government, with…

View original post 790 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: