The Ford plant closure is sad loss of manufacturing know how

The closure of Ford’s casting plant in

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Geelong does make you wonder how losing the ability to make our own engines can be a step forward. Australia should take stock and contemplate what kind of society we are becoming.

Critics of the decision to allow the car industry to leave would argue that governments should subsidise their local car manufacturing industries because of the benefits the industry brings in terms of employment and raising the general technological level of that country.

In An Economy is not a Society, Dennis Glover argues that we are making a tremendous social and economic mistake in allowing such industries to close in the name of global competition. Glover outlines how the support for manufacturing in the post second world war era provided a base for many ordinary people to lead better lives, leading to many positive social and economic outcomes. He argues that the type of economy we have developed since the 1980s favours a few over the many.

https://theconversation.com/the-ford-plant-closure-is-sad-loss-of-manufacturing-know-how-65651