VDL sale opponents were right

VDL sale opponents were right

The revelation today that the sale of the Van Diemen’s Land Company has not resulted in the promised jobs and investment just proves that all of these claims were unfounded, and that those who opposed the sale were right all along.

Naïve politicians, including the Federal Government, the Federal Opposition, the Tasmanian Government and the Tasmanian Opposition, all jumped on the bandwagon and claimed that selling VDL to another foreign buyer would be great for the economy and generate jobs. Indeed Scott Morrison himself said that it would “generate an intended additional investment of over $100 million and an expected additional 95 jobs”.

Moreover VDL is a genuinely strategic economic asset and the Federal Government should have taken the opportunity of its sale by the previous New Zealand owners to bring it under Australian control. That there were potential Australian buyers intent on expanding and value-adding the operation should have made the Federal Government’s decision even easier. That is what would have generated jobs and investment in Tasmania – not hollow promises backed by gullible politicians.

Skills

Posted on

August 3, 2017

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