An unprecedented window of opportunity has opened for achieving, within weeks, the establishment of an emergency national investment bank that can revive Australia’s economy.
Member for Kennedy Bob Katter has echoed the call to immediately repurpose and recapitalise the Clean Energy Finance Corporation (CEFC) to fund an industrial recovery in Australia.
Like the USA’s and Europe’s, Australia’s economy has become a house of cards ready for a puff of breath to blow it over. The COVID-19 coronavirus may be that puff.
The demise of Holden is the symbolic end of real manufacturing in Australia, with a whimper not a bang. Australia has fallen hard since the 1960s when manufacturing accounted for more than 25 per cent of the economy.
