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Leading article Australia

Creative destruction

15 February 2014

9:00 AM

15 February 2014

9:00 AM

In Labor’s telling, the decision by Japanese Toyota executives to pull the plug on their Australian operation is Tony Abbott’s fault. After all, his government is phasing out ‘industry assistance’ to the automobile sector. In other words, it has had the guts to stop squandering around $30 billion of tax dollars over 16 years on propping up the unproppable: our car-manufacturing industry.

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