With ABC childcare going into voluntary administration, we are once again hearing calls for government intervention. The Daily Telegraph has a poll: Should the Federal Government nationalise ABC Learning?
- Yes – 100,000 families rely on this company. It must continue to function.
- No – this is a free market. The State can’t prop up every failed business.
UPDATE: Bailed out
The Federal Government will provide up to $22 million to keep ABC Learning Centres open until the end of the year.
UPDATE II: Andrew Bolt has more.