My view of it would be that, once, we had three domestic airlines. Ansett, TAA and Compass. James Strong wanted TAA to be premier airline (measured by market share).
To achieve that, he sold the assetts of TAA and turned them into paint, uniforms and advertising - Australian Airlines.
He won 4% of market share and sent the lot broke (Compass was admittedly more complex but the outcome would always have been the same).
The Australian government subsidised the Qantas take over of what was left of TAA (sorry Australian??).
Woolworths? Now thats something for Australians to be proud of isn't it?? Farmers being sent broke. Service stations decimated but arhh the market share!
Unfortunately for us all, Australians that produce anything are seen as tall poppies and decried by government, oppositions, unions and the press, whilst the slick lawyers who manipulate our overly complex system of governance are praised and lauded.
Sadly - James Strong was just another successful lawyer leaving the rest of us poorer
Just my opinion though!!!!!!!