But I would make a key- and somewhat Marxist distinction between primary and secondary industry.
For instance Gas is a primary product, most of it is exported.
Why would we give tax breaks to any company that is selling our primary products abroad? They need our resources not the other way around.
We should nationalize all finite resources in this country because there simply isn't a reason to allow a private entity to profit.>muh capitol
As a highly profitable industry any capitol we sink it will come back very quickly because it's short-chain production.
And as a state company it's guarentted to be profitable and thus will attract minority investors from the countries we need desperately to enfranchize.
Countries like Papua that are being leaned on by foreign mining companies and foreign paramilitaries could sink a significant part of their GDP into an Austrlaian state petro company and gain both financial security against corruption and guarantee their own access to resources.
While they would become beholden to us, they would gain the funds to set up their own extraction industries and would then "cash out" their shares in the form of material support for their own industry.
Mexico did this to US globohomo multinationals, it created the most profitable company in the whole of south America.>Muh theft
The US needs Australia to tie down the region, this is what we demand in return.
Secondary industry AKA. means of production is tricky.
If we allow foreign companies to control it they roll the whole country; but at the same time those companies can embargo us; leaving us with primary products and no buyer.
Basically we play divide and conquor, we use a national primary company to guarentee the international performance of a private secondary industry- we say to BHP "you can produce petrol here tax free; the catch is you must use our oil at 3/4 cost of the global index".
The corporate gets cheap oil- and guarantees a profit on exporting the petrol, the catch is that they can be cut off by the state.
All the state wants is guaranteed access to said petrol at market rate- and the state trying to nationalize the secondary market would be a clear own-goal as it would leave us with no allies and we would be universally embargoed (see: Venesuella)
This is only possible if a state company controls the primary resource.
State controls iron ore, company makes cheap steel.
State controls wood, company makes paper