RaymondPierreL3This morass is explanatory of what is meant by the debunked #neoLiberal idea that markets know best.
The international Dutch corporation Trafigura, an independent commodity trading and supply chain logistics company which is the sole parent company of Nyrstar's Hobart and Port Pirie (another Dutch entity) is for one reason or another — though I can guess it involves, shareholders profits, executive salaries and bonuses as well and investments in more profitable ventures — is in need of Autralian public funds cash injections in its two Australian based smelters. Ostensibly because the parent company cannot secure private investments to keep those smelters going as profitable ventures. Of course, this has nothing to do with the skipping on maintenance and reinvestments (aka #Productivity) required to keep these smelters viable in the markets that apparently know best. ‘Bugger the workers, bugger the equipment, bugger the lot as long as we’ve drained the coffers and repatriated the profits’, that’d be my uneducated guess, forgive my cynicism.
“Governments are selling the [second] package as hard-headed industrial policy designed to keep regional workers employed and give Australia more control over the critical minerals supply chains it relies on.” More control… as if… whose controling whom?
Seeing as we know where this is going, our govt(s) might as well #Nationalise these smelters given we’re already throwing our money down someone else’s pocket overseas.
Bottom line is, Neoliberalism is sucking us dry to the benefit of a few, not even Australians. #EatTheRich #TaxTheRich
https://www.kyfreepress.com.au/national/funding-lifeline-saves-smelters-more-than-1000-jobs/
#AusPol #ReIndustrialisation #IndustrialPolicy #GovtBailouts #TaxPayerMoney #FeedingTheRich #MilkingIndustrialCows #Smelters #Refineries #InternationalCorporations #TaxDogers #TaxLoopholes #TaxReform
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