The Prime Minister has just issued a press release to ‘strengthen’ Australia’s anti-dumping regime. Yes, protectionism is the new black. Once again the Government has relied on a report from its favoured protectionist adviser, John Brumby (isn’t there something unethical about Julia Gillard contracting her former boss all the time?)
Anyhow, if one of your relatives buys a nice Christmas present and gives it to you – that is dumping. Return the present – you should pay full price for your own presents from your local manufacturer.
Clearly the Prime Minister doesn’t understand that the objective of trade is to buy the most imports for the least exports.
To stop all of this evil dumping, might I suggest some kind of voluntary export restraint agreement between the Australian Government and the Chinese Government? If we are going to cut back on our consumer surplus, we may as well let the Chinese have more of a consumer surplus.
Really, it’s outrageous isn’t it? All those foreigners trying to sell us goods at too low a price! Don’t they know that our dignity demands that we pay more for the goods than other countries do. Australians like to pay more for their goods and services. The evidence for that: they do pay more for their goods and services. All of those boat people and other immigrants seeking entry to Australia are drawn to Australia because of our high prices. Why shouldn’t we be known as the most expensive country on earth?
This new protectionist measure is on top of those other wonderful measures the Prime Minister boasts about in her press release:
• The $5.4 billion New Car Plan, which is supporting automotive manufacturing in Australia;
• The $1 billion Clean Technology Program which is investing in new energy-efficient equipment at manufacturing businesses around Australia;
• The $300 million Steel Transformation Plan which is supporting investment in steel manufacturing.
The Gillard Government’s policies demonstrate its commitment to Australian manufacturing in tough times.
By contrast, the Coalition voted against the Clean Technology Program and the Steel Transformation Plan and would cut $1.5 billion from the New Car Plan, putting hundreds of thousands of Australian manufacturing jobs at risk.
These decisions ensure:
- Slower productivity growth in Australia
- more lower paid jobs in Australia
- lower living standards
It’s back to the 50s with these policies. Hawke and Keating are not the models for the modern Labor party. No, it’s Black Jack McEwen.
Who is going to head the new Anti-Dumping Commission? Don’t be surprised if it’s John Brumby. He has his lips firmly on the taxpayers’ teat while formulating policies that strip away our living standards.