However, according to Reuters’ report, the Australian government classified nickel as a “critical mineral” in February 2024, opening the door for the crisis-hit industry to access billions in low-interest government loans. It’s unclear whether the Wall Street Journal overlooked or deliberately ignored this fact.
So? That’s the point.
“Wah wah wah they only succeeded because state owned!”
“So you’re admitting that state ownership is superior?”
“No!”
Our glorious companies that only survive thanks to our subsidies vs their barbaric companies that only survive due to “state ownership”.
but it turns out that they were successful before they were more competent in general