I discovered this morning that the ABC has a comedy segment on AM Agenda.
Japan has begun injecting new tax-payer-funded subsidies into its whaling program in a bid to keep the fleet afloat, the ABC has learned.
That’s not the funny bit. The funny bit is how the ABC report this outrage – imagine government giving subsidies to failing industries! Damn foreigners. It would never happen in Australia.
“This subsidy is supposed to help fishermen in financial trouble,” investigative journalist Junko Sakuma said.
“Now it’s propping up the unprofitable whaling fleet, and if they keep running a loss, they won’t even have to pay it back.”
I hate it when that happens. Then we get a touch of Milton Friedman:
Masayuki Komatsu is a former Japanese delegate to the International Whaling Commission and one of the architects of the country’s scientific research program.
He warns that the injection of this new subsidy is a sign that program is in big trouble.
“It’s not sustainable, right. How long can you get such money from the government? Everybody likes money, particularly other people’s money,” he said.
Love the question: “How long can you get such money from the government?” The ABC itself doesn’t get a subsidy from the government it is 100% government financed. When will we see similar arguments looking at subsidy here in Australia?