It’s an article of faith among many economists and commentators that governments should not try to “pick winners”, despite the fact that Australia has a long and glorious tradition of doing so.
How about $141.1m on carbon capture and storage projects? Not enough? Try $1.5bn on the Middle Arm petrochemical hub in Darwin? Pfft. What about the inland rail to nowhere costing $31bn over 10 years? Now that’s real money!
This year the government also spent $17.4bn on private schools, because many decades ago someone decided to pick that as a winning way to provide education (and win elections).
https://www.theguardian.com/business/grogonomics/2024/apr/18/funding-australias-renewable-transition-isnt-picking-winners-its-securing-our-future
So dig and ship, or value add "to some degree"
Raider
