Chair, I think it's important to say, very briefly, at the beginning, what this report actually proposes. It proposes to allow the government to control the prices of steel, platinum, iron ore, coal, polymers, scrap metal, leather and a raft of other raw materials that Minister Davies and his colleagues deem "strategic". [Interjections.]
Now, hon Fubbs, you're not the only one who has read Ha-Joong Chang. He devotes an entire paragraph in his book to the effect of industrial policy implemented badly, and he shows, with lots of examples from various countries, how it can be a complete disaster if it is not based on evidence and sound research. [Interjections.] He rejects this policy, Minister. He rejects this policy outright.