Emperor Hockey has no clothes on GrainCorp

The conflict between politics and national interest will weigh heavily on Joe Hockey's GrainCorp decision. The risk of deterring inward investment in agribusiness could tear the Coalition asunder.

One of Wayne Swan’s most battering experiences in government was the barrage of media reports, augmented by a multimillion-dollar ad campaign funded by the big miners, to tell him and Prime Minister Rudd what they could do with their dreaded Resource Super Profits Tax.

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