When a prime minister, or any politician, starts talking about making “bold investments”, taxpayers need to start worrying.
The latest sector to benefit from Labor’s firehose of industry interventionism under the slogan “A Future Made In Australia” is quantum computing, with US company PsiQuantum receiving $940 million from the Albanese and Queensland governments (notice all these “Future Made in Australia” announcements are around $1 billion, obviously the amount agreed to be required to generate an appropriate headline).
Note that we won’t actually get a quantum computer for that money, just access to one if and when it’s built in Brisbane.
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