The Coalition says Prime Minister Anthony Albanese is going in"exactly the wrong direction" with his newly announced Future Made in Australia Act, an interventionist policy looking to drive public investment in on-shore manufacturing., a policy looking to put an injection of government funds into infrastructure and technology industries in pursuit of a sped-up clean energy transition.
“We need sharper elbows when it comes to marking out our national interest, and we need to be willing to break with old orthodoxies and pull new levers to advance the national interest. But shadow treasurer Angus Taylor argued the only way to drive up productivity and competitiveness was to lower government intervention and increase private investment.
“But the most substantive point is that this is a prime minister who deeply believes in big government, in big spending and big interventions, working closely with big unions. And that he believes that that's the economic future. Whilst putting more capital towards the renewable energy manufacturing, he argued, Australia could still continue to champion global markets and free trade, building bilateral and multilateral co-operation and forge agreement.