Immediately after the Toyota announcement that it will be ceasing its Australian manufacturing in 2017 isn’t the time to be saying, “I told you so”. Rather we should consider the hurt and confusion of the employees. To a large extent the investment they have made in their careers, their human capital, has just depreciated. This is a cost that we don’t fully consider when advocating industry policy.Shorter version: " it would be inappropriate for me to say 'I told you so' so I'll just link to where I said "I told you" before."
As for industry policy: have the economists at Catallaxy (a blog with intellectual credentials that continue in freefall) ever had one at all? I don't think "tax businesses less, cut red tape, and the market will fix it" actually counts as industry policy.
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