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If government bailouts of companies are the new normal, we need a better strategic vision

By John Quiggin, Professor, School of Economics, The University of Queensland

The federal government’s announcement of a A$600 million rescue package for Glencore’s copper smelting and refining operations in Mount Isa and Townsville marks a definitive shift in Australia’s industry policy.

The announcement follows the $2.4 billion rescue of the Whyalla…

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