evidence rspt killing off capital investment, page-28

I would beg to differ with you that Chile has got it right.
When were you last in Chile? It's a third world country
and while Governments of the day pander to multinationals and investors, a shameful percentage of its people are
below the poverty line. 'Tis a quaint place to go on a holiday like many third world country but you wouldn't want to live there. Just look at it's post 1960 political history.

While crude oil was under $30 USD we were a net exported
and and ever since then we are importing oil.Multinationals profitably pumped our oil at $12 /bbl and now they tell us it costs more than $30!

There is a reasonable argument that we should have done the opposite:
ie:Import when the price was low and export when the price is high. But of course, like the miners now, we left it to the multinational oil companies.

Perhaps we should do like OPEC and control our mineral supply and therefore price. This would make good capitalist sense rather than begging China and others to invest more/produce more thereby knocking the ass out of the price.
Its not about the amount of minerals we export, its all about the money we make, man,woman and child comrade.

If were doing our sums right we should be out there buying coal and iron ore resources in third world countries so that we can later control supply. But as in other areas of endeavour, we're all talk and no money.

The Chinese are way more intelligent than us because as Australia's biggest user they want oversupply and the consequential low prices and Australians like yourself are inadvertently accommodating them by spruiking the Chinese oversupply/low price line for free, comrade.

Advise Saudi Arabia or Russia to pump another 10% crude and they'll crudely tell you where to go!

We own our resources and we ought to get a fair market value for them and so called risk capital investment is only a pittance in relation to the minerals' real worth.
Otherwise these investors would not invest...what are you!

But thank you anyway for 'your' opinion : I guess it takes all kinds to make a democracy.