Illustration: John Spooner. Don't be too quick to begrudge our struggling car industry its millions in government assistance - the benefits are felt throughout the entire economy. IT IS easy to misread this week's decision by Ford Australia to further reduce its workforce. The knee-jerkers will, of course, jump to the conclusion that Ford's move means that the $35 million of government money invested with the company earlier this year was wasted, has been lost or flushed down the drain. Warming to their task, they will go on to say that the whole 2008 New Car Plan - a scheme with a 10-year horizon - is also a failed cause, a poor use of incentives that only produces a misallocation of...
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