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 Shrunken OZschwitz wool industry fleeced by politics

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RR Phantom

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Shrunken OZschwitz wool industry fleeced by politics Vide
PostSubject: Shrunken OZschwitz wool industry fleeced by politics   Shrunken OZschwitz wool industry fleeced by politics Icon_minitimeSat Jul 30, 2011 4:19 am
The wool industry has never recovered from the collapse of the reserve price scheme, writes Damien Murphy.

The world's economy might be waiting for American politicians to quit playing bluff poker, but 20 years after Australia's biggest business disaster nobody appears to have learnt a thing.

Shrunken OZschwitz wool industry fleeced by politics Ipad-art-wide-sheep-420x0

According to a new book on the 1991 collapse of the wool reserve price scheme, the Australian wool business has shrunk 66 per cent.

And while other exports boom, the men who control the wool industry remain so dumb, arrogant and resistant to change that as the once-dominant wool shrivelled around the world, production of other fibres jumped by 50 per cent.

http://www.smh.com.au/entertainment/books/shrunken-industry-fleeced-by-politics-and-greed-20110729-1i4at.html
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