In case spending $1 billion of taxpayers’ money to subsidise the world’s largest export coalmine didn’t seem crazy enough, a coalition of Coalition MPs is now pushing for a $4 billion subsidy for a new coal-fired power station. No doubt Barnaby Joyce will also demand a further $10 billion to build another inland railway line through National Party seats to link the Adani mine in Central Queensland to the new power station in Victoria’s Latrobe Valley.
The era of small government is dead, killed by conservative politicians who prefer to subsidise boondoggles and white elephants than stick to their alleged principles. Indeed, this time last year Tony Abbott was calling on his own party to scrap all new spending initiatives in order to get the deficit under control. This year he is the highest profile member of the so-called Monash Forum that is demanding the new government-funded power station. And politicians blame Twitter for the public’s loss of faith in politicians.
Read The Monthly story by Richard Denniss - “Why Adani won’t die.”