Should the Government Nationalise essential industries?

[wayneL]

Unless a cure for the virus is found, and implemented, in short order, questions will be asked as to how Qantas and other large corporations can pay almost no tax for ten years, put the screws on the price of labour in their workforces, pay themselves exorbitant executive salaries and board fees, then cry poor when things turn ugly.

Michael West

Damn I hate it when I agree with you on stuff.

 

[Humid]

It’s happened before?
Strange days indeed!

 

[Garpal Gumnut]

Quantas and other airlines are facing a black hole.
Given the fact that air travel will collapse for months ahead should the Government formally renationalise Quantas to protect the infrastructure as an essential national asset ?

Should we be considering the same action to protect other critical industries ?

How could it be done ?

Qantas is one of those companies that is essential to national well being.

Even though it is not government owned it is an asset essential in war, flood, plague and famine.

Thus the government will not let it fail, on security grounds alone.

Nationalisation is not on the cards as the organisation would become part of the public service and the members of the workforce could hold Australia to ransom. It is easier to knock the Napoleon of Aviation, Alan Joyce down a peg or two, than 100,000 Napoleons.

gg

 

[PZ99]

Crikey. We think the airlines are bad now? What about the pilots' strike in '89?

Some people had to fly in military aircraft. Fully Govt owned thankyouverymuch.

If qantas are going to loose money - I'd rather they loose it - not the taxpayer

 

[Dona Ferentes]

..can't find an appropriate thread for this . If anyone could suggest one, more than happy for mods to move it.
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Domestic scarcity would not be a prerequisite for inclusion when Resources Minister Madeline King updates Australia’s Critical Minerals list later this year. Inclusion on the list can mean favourable regulation, smoother project approvals, and access to funding.

“Our critical minerals list is different to some other nations. Other nations craft theirs on what they have, what’s scarce and what they can’t get, whereas we’ve got most of it. So it’s crafted on another basis of what is of geostrategic importance for us and our neighbours,” she said. “We also have to consider our region and our partners because they’re an important part of our prosperity. That’s always going to figure in it.”

Ms King named bauxite, iron ore, coking coal, copper and nickel as Australian commodities that were crucial for trade partners, although she stopped short of confirming they would be added to the list.

 

[divs4ever]

..can't find an appropriate thread for this . If anyone could suggest one, more than happy for mods to move it.
.
Domestic scarcity would not be a prerequisite for inclusion when Resources Minister Madeline King updates Australia’s Critical Minerals list later this year. Inclusion on the list can mean favourable regulation, smoother project approvals, and access to funding.

“Our critical minerals list is different to some other nations. Other nations craft theirs on what they have, what’s scarce and what they can’t get, whereas we’ve got most of it. So it’s crafted on another basis of what is of geostrategic importance for us and our neighbours,” she said. “We also have to consider our region and our partners because they’re an important part of our prosperity. That’s always going to figure in it.”

Ms King named bauxite, iron ore, coking coal, copper and nickel as Australian commodities that were crucial for trade partners, although she stopped short of confirming they would be added to the list.

... must be an election coming , the Government is trying to create some distance from their Green Party coalition partner , looks more like a vote grab from their often ignored union members

BTW most of our 'crucial trade partners ' are the same ones we are preparing to escalate a trade war ( or hot war ) with ( most of our 'allies ' are bordering on bankruptcy )

 

[SirRumpole]

Indeed. But I think these will not be as dramatically affected and will survive. And if the are at serious risk Governments will need to step in.

I'm surprised you don't see airlines as an essential service. At this stage local and international transport of people, mail and cargo are indispensable to our society. Mail and freight can't finance airlines by themselves but have to work anyway.

I said Qantas wasn't an essential service. Airlines are but there are a lot of them around that can fill in gaps.