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Flat White

It mightn’t be sexy, but manufacturing got us to the moon

21 July 2019

11:47 AM

21 July 2019

11:47 AM

Almost forty years ago, in fact, during the time of the Hawke Labor government, Australia fell for a pea and thimble economic theory, that economic prosperity would be found under the international free market thimble. John Button was placed in charge of industry and technology policy and, armed with that economic theory, he argued that Australia could not afford to continue to protect either its largest manufacturing industry or, indeed any manufacturing industries and began closing them down by reducing their protection.

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