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$18 million a job? The AUKUS subs plan will cost Australia way more than that

  • Written by John Quiggin, Professor, School of Economics, The University of Queensland
$18 million a job? The AUKUS subs plan will cost Australia way more than thatShutterstock

Australian governments have a long and generally dismal history of using defence procurement, and particularly naval procurement, as a form of industry policy.

Examples including the Collins-class submarines, Hobart-class air warfare destroyers and, most recently, the Hunter-class “Future Frigates”.

The stated goal is to...

Read more: $18 million a job? The AUKUS subs plan will cost Australia way more than that

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