Billionaire’s Get Up torpedoes Pyne subs

Advertisement

From The Guardian:

South Australia’s premier, Jay Weatherill, has hit back at criticism from prominent businessmen of the federal government’s decision to build French-designed submarines in Adelaide.

A group of businessman, including Dick Smith and John Singleton, took out a full-page advertisement in the Australian on Tuesday describing the decision as “astonishing” and potentially a “fiasco”. They suggested buying off-the-shelf nuclear subs would have been a better option.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.