Decimation of Australia’s car industry could literally cost lives

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The federal government’s short-sighted decision to allow Australia’s automotive manufacturing industry to close has left the nation desperately short of ventilators, placing lives at risk:

The coronavirus crisis is placing immense pressure on the global availability of ventilators, which are needed to pump oxygen into the failing lungs of critically ill patients.

Italy’s swamped hospitals have found themselves with ventilator shortages, forcing doctors to make heart-wrenching decisions, while in New York, mayor Bill de Blasio warned that the city needed 15,000 ventilators urgently or its death toll would spike.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.