I really love being able to make things, personally. I love making liquid and solid soaps and other emulsions, or fixing old computers. If I had the money I'd start a silicon production facility turning raw minerals such as quarts and sand into crushed silicates, weight separate, melt, cast, crush again, separate again, melt, crystalize with a seed and cast for high purity electronics and photovoltaic grade Silicon. I'd spend 12 hours a day in there. I've got other ideas, too. My little brother drives CDL, I could keep him busy as well.
Could a state run it better than me? Maybe, maybe not. I think they're better off focusing on minimizing suffering than worrying about production output. If anything them being involved might give them incentive to place production over safety or workers rights.