The government’s approach to saving Tomago offers a blueprint for other interventions to future-proof industry, such as at Whyalla.
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It’s one thing to abandon the dogmas of neoliberalism. It’s quite another to develop a coherent alternative.
A sharp sell-off of the peso has seen President Javier Milei seek a financial lifeline from the United States. Washington seems happy to help out.
No government wants to be blamed for the job losses that often follow a company collapse. But taxpayer support must get some key things right.
