Zedonking all the way to the poor house

From the big book of Labor Party industrial policy:

When you mate a donkey with a zebra you get a dear little useless thing with stripes and big ears called a zedonk. Sometime in the 1980s, when tourism was held out as the nation’s saviour and governments were inventing their first mission statements and learning to put “value­adding” and “leverage our competitive advantages” into every speech and press release, a chap in the Otway Ranges value­added his donkey into a zedonk and leveraged it into a “tourist attraction”.

To help him along with his start­up he got hold of several thousand dollars from the Victorian Economic Development Corporation, which had been created by the Cain Labor government to provide venture capital to entrepreneurs with this sort of vision and get up and go.

Both the Zedonk and the Venezuelan national mobile phone company sprang to TAFKAS’ mind when Bill Shorten announced the ALP’s electric car plan:

Tens of millions of dollars will be offered to the world’s automotive giants to resurrect the Australian car industry, centred around manufacturing electric and hydrogen-powered cars, under a yet-to-be unveiled Labor plan.

It is understood Labor plans to offer major carmakers research and development grants from a $1 billion fund aimed at re-stocking Australia’s manufacturing sector.

Remember the above when you read this:

Merida, May 23rd, 2010 (Venezuelanalysis.com) –  On Friday afternoon Chavez inaugurated a new mobile phone factory, the Electronic Industry Plant Orinoquia, S.A in Caracas, a further step in increasing Venezuela’s technological independence.

Venezuelan state radio station RNV reports that local communities and government will participate in the development and execution of the factory’s projects, and according to Chavez, workers in the factory were chosen by the communal councils.

Chavez said the factory was part of “Venezuelan technological development” and a result of cooperation with China. China is producing the phone parts which are then assembled in the Venezuelan factory

TAFKAS wonders how this all worked out for Venezuela?  Government industrial policy.  You know it makes sense.

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7 Responses to Zedonking all the way to the poor house

  1. It would be funny if it wasn’t happening to us, but, as they say, Honk! Honk!

  2. Up The Workers!

    Somehow I suspect that Electricity Bill’s multi-billion expenditure of other people’s money on building A.L.P. plug-in “Noddy Cars” won’t be of a whole lot of use to a bunch of dystopian cave-dwellers living without any form of electrical power – which is what life will be like if the Luddites take over and bulldoze our remaining reliable coal-powered power stations.

  3. Tim Neilson

    When you mate a donkey with a zebra you get a dear little useless thing with stripes and big ears called a zedonk. …..a chap in the Otway Ranges value­added his donkey into a zedonk and leveraged it into a “tourist attraction”.

    To help him along with his start­up he got hold of several thousand dollars from the Victorian Economic Development Corporation,

    Taxpayer-subsidised interspecies rooting.

    It makes more sense than the major parties’ current policies on energy, immigration, defence and indigenous affairs.

  4. Rabid Koala

    A car company will take the billion and then at the first opportunity move all manufacturing off shore so they don’t have to pay a liveable wage to Australians nor comply with our safety and environmental regulations.

  5. Up The Workers!

    As the A.L.P. promised, under their mismanagement, there’s still vast amounts of cash to be found in the Australian Carr Industry.

    You’ll find it all in the bank accounts and pensions-for-life of Bob Carr and Kim Carr.

    (Pity about all those tens of thousands of Australian unionist suckers whose industry, livelihoods and jobs were all exported for the greater global good, by the A.L.P. to Dastyari’s paymasters).

  6. Speedbox

    It is understood Labor plans to offer major carmakers research and development grants from a $1 billion fund aimed at re-stocking Australia’s manufacturing sector.

    Research and development are not manufacturing and even Shorten can’t seriously believe that the re-start of car manufacturing in Australia is viable.

    Tens of millions of dollars will be offered to the world’s automotive giants to resurrect the Australian car industry, centred around manufacturing electric and hydrogen-powered cars, under a yet-to-be unveiled Labor plan.

    Tens of millions? Haahahahahahahaha. A single (legitimate) car manufacturer would take the entire billion dollar fund over very few years without blinking. A spiv, on the other hand, would help themselves to a few tens of millions and disappear into the night. If Labor goes for this nonsense, my prediction is that we will have a “number of exciting new start-ups in the EV industry” in no time.

  7. Speedbox

    Should have also said that within a year or two those same start-ups will fade into the background and close their doors. No assets or cash remaining. Overseas directors will issue an apology from Bermuda.

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