Despite what Crikey politics editor Bernard Keane asserts, Australia risks buying the submarine equivalent of a lemon and we will be the poorer for it. The Coalition government’s obsession with cost-cutting is coming at the cost of common sense.

Imagine, for a moment, that you have bought a new car. It was a hard decision to secure the best price, and a Japanese model seemed safest. But this car is no Toyota -- its manufacturer has never exported cars before. Every time it needs a service or something goes wrong, your precious vehicle has to be shipped back to Japan.