Australia Mourns the End of Its Car Manufacturing Industry

Re:Australia Mourns the End of Its Car Manufacturing Industry by l33tbro on Friday October 20, 2017 @07:38PM (#15519831)

I'm guessing that OP is referring to the publicly owned $1trn oil fund that the government has only recently dipped into. They're actually now claiming they're going to minimise withdrawals due to an increase in revenue (1).

Wish my own government here in Australia had the brains and chutzpah to do this a few years back. We've never been much cop when it comes to visionary economics (apart from, arguably, rum being our first legal currency).

(1) https://www.bloomberg.com/news/articles/2017-10-02/norway-s-...

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Re:Australia Mourns the End of Its Car Manufacturing Industry by arkem on Friday October 20, 2017 @10:06PM (#15520316)

Maybe not on the same scale but there's the Australian Government Future Fund[1] which is a sovereign wealth fund founded in 2006.

It's about 10% of the size of Norway's so not especially impressive but it does exist.

[1] https://en.wikipedia.org/wiki/Australian_Government_Future_F...

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