Ross Gittens, the SMH Economics Editor, nails Liberal and Labor in FTA: bad politics drives out good economics.
Mr Howard has used high pressure sales tactics to get the FTA passed by Parliament without the nation properly unpacking and debating its many pros and cons. He’s generated a sense of urgency where little exists, emphasising the need to seize this “once in a generation” opportunity to join up with “the world’s most dynamic economy”.
In other words, don’t think about whether it’s actually a deal worth having, focus on the fear it might slip out of our grasp.
The whole piece is worth the read. According to Nik, Ross has been making quite a lot of interesting noise of late. Worth keeping an eye on…