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Friday, February 7, 2025
Australia's manufacturing sector is getting destroyed by energy costs (Leithvo)
This interview with Canberra Radio 2CC's Stephen Cenatiempo explains how Australia's manufacturing sector is being crushed by high energy costs.
This manufacturing capacity is being sent to China, which is capitalising on the West's emissions reduction policies.
It's not just manufacturing being destroyed, it's also businesses in general suffering from high energy costs. They react by raising prices, driving inflation, or go out of business.
[Posted at the SpookyWeather2 blog, February 7, 2025.]
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