[LINK] This makes me angry.

Ben Elliston bje at air.net.au
Mon Apr 2 09:28:02 AEST 2012


On Mon, Apr 02, 2012 at 08:45:51AM +1000, Craig Sanders wrote:

> oh, but they threaten to do so - "give us what we want or we'll go
> rip off some other country for their resources!"

I saw an interview on Inside Business in February that sums up the
situation of corporate welfare in this country brilliantly:

  http://www.abc.net.au/insidebusiness/content/2011/s3439666.htm


ALAN KOHLER: Well Mike Devereux, is Holden profitable?

MIKE DEVEREUX, MANAGING DIRECTOR, GM HOLDEN: Yeah, absolutely.  It has
been for a couple of years now. We reported a nice healthy profit last
year in the 2010 financial year. And I think in about a month and a
half or so when we report for 2011 we will be again very nicely
profitable.

ALAN KOHLER: So why do you need assistance?

MIKE DEVEREUX: Well, the assistance that we seek is the assistance,
frankly, that is sought by auto companies and other manufacturing
entities around the world. [...]

ALAN KOHLER: So Australia should provide GM assistance in Australia
not to help you to become profitable but because of a contest between
us and other countries for the money?  We're engaged in a competition,
is that correct?
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