Where to start with an analysis of the mining boom in Australia? Perhaps ironically, with the Independent Commission Against Corruption.
Nationalisation
The mining industry in Australia has boomed from about 4% of GDP in 2004 to about 9% today. Mining exports in the year to March last year were worth $155 billion, or 53% of Australia's total exports.
Reporting on the release of the mid-year budget update in the Canberra Times on October 22, Peter Martin wrote that “Tax collections from both wages and the GST are running ahead of projections. Dramatically lower company tax collections account for most of the $21 billion write-down.”
Policy background
Providing transport without creating greenhouse gas emissions that contribute to climate change, or other pollutants, is a necessity. An extensive and efficient transport system can be created and, if powered by renewable energy, it will be sustainable.
Moreover, comprehensive city-wide and national networks achieve the best economies of scope and scale.