The belated slaying of carbon tax hysteria

The abandonment of Browse, Shell's refinery closure and Holden's mass sackings would once have been blamed on the carbon price, that they weren't shows how the scare campaign has faded. But it's come too late for Labor, and perhaps the carbon price itself.

In the past few months we’ve seen some pretty major announcements illustrating the precarious nature of Australia’s manufacturing sector, all of which shouldn’t come as a surprise given the value of the dollar and structural weaknesses of many Australian manufacturing facilities. Yet what did come as a surprise was the relative absence of ‘chicken little’ claims that tied these announcements to the carbon price. 

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