Now would be a good time for the Federal Government to pledge fifteen billion dollars for the Olympic Dam expansion in return for half the profits, and three billion dollars for Fairfax in return for a controlling interest in its management, to be run by the ABC.
If one third pf the Olympic Dam money were to be spent in 2013-2014, and all of the Fairfax money, the eight billion dollars could be raised by a levy of twelve dollars a week on each taxpayer, who would get it back tenfold after the dam is up and running. A government bank could be acquired in the same way, and Qantas. And a flood and fire insurance company.
This would return the Labor Party to where it used to be, a useful entrepreneurial socialist enterprise, of the people, by the people, for the people.