Exact question:
Did you already consider where the idea of wages is coming from in a capitalist system?
Wages are the compensation the employee receives. In most cases, this is a share in the extra wealth created by his employment in that function, minues a part for the leader of the project who runs the greatest risk. Yet the share is kapt fair in most sectors, or the employee will work for himself and become a new competitor of the employer.
Why is the quantity of a wage important? To see what you can buy for you wage ==> importance of prices. Prices are set by availability and demand.
Now, back to your system in relation with outside capitalism. A road worker, Carlo, who works 2 days per week and works, let say 6 hours during those days, wants a Ferrarri, an Aston Martin, a Jaguar and a castle with an olympic pool and a cinema. I think i'm very optimistic if a put a price tag of 10 million Euro on this.
Now what will happen:
let's say Carlo creates 1000 euro wealth for your nation this way (this number is already prety optimistic, but dispute it if you want. I think this is an optimistic estimate, and then I didn't even yet take into account that fact that people will work a lot less hard since they don't benefit personally fom working harder). Carlo doesn't get money, the governement gets the wealth and redistributes it to someone who wants something. Carlo wants to have the things mentioned above, so he can be like his colleagues, who also have these 3 cars and a similar castle.
The countries outside Portugal, will notice that suddenly, they have orders to send 3 million Ferrarris to Portugal. What will Ferrarri do? They can't produce enough Ferrarris in time, so they will raise the price. But the demand stays the same! So what does Ferrarri do? Raise the price. Demand is still the same, so? Raise once more. In no time, certain car types will cost several millions, since your population doesn't feel the impact of external price raises. Your econmy will bleed dead in no time.
Now, let's say All the business you order with, have bad managers, don't care capitalism and have more than enough production to supply all of your citizens (quod non). Carlo produces 1000 euro wealth to you nation per month. At current prices, he still wants over 500 000 euro in cars. This means he would have to work about 42 years before he created the wealth that would be sufficient to buy these cars. Then, he didn't yet work for his castle, the food he eats (will be expensive food, since he doesn't case the price of food anyway, he gets what he wants), the oil he uses in his expensive cars (yes, sportscars waste oil like hell) and even more important, he will want other cars before those 42 years have passed. Some cars will have broken down and Carlo will want a better car as replacement.
So the main question: How will you make wealth like magic, in order to get the needed goods to satisfy the wishes of your population?
Simple: we start to own an economical empire outside of Portugal.
The goverment would hold business outside Portugal, and the income of those business would come rigth to the pockets of the Portuguese nation. Previous owners who would sell their business to us would get themselfes pretty satisfied with the payment/gains than the Portuguese Goverment would give to them. Also, the income of the tourism would be good to us as well. AND we could also make some exportations as well for very low prices but high quality.
As you can see, with an Climaxist system, the Goverment doesnt waste his money with his people (no need to pay for people who dont need money anymore in order to have what they want) and so, the goverment wouldnt have expenses (exept for buying the goods than the population requests from outside, and investing in such economical empire). ALSO, the goods of such business would come free to the country
Ex:
Portuguese goverment buyed Ferrari - so Ferrari cars will be free to our people, and we could easily put ferrari factories in Portugal in order to the production satisfies the needs of the population. Hoewer, some products migh be restrict as well: at the first day Climaxism is implemented, is impossible for everyone to have 3 ferraris at the start - but if it keeps up the growt, it will reach a point in wich we can make that possible.
In few moths/years, our goverment could pay the debths we already have and find it impossible to pay in a capitalism system, and we could at the same time keep increasing the quality of life of the people.
(Oh and btw: you spoke about Oil... well, due to obvious reasons, Portugal will work on the development of veicles (as well as sport cars) who can actually work with no Oil (you know: eletronic ones wich the big oil bussinessman dont apreciate at all.)
I hope that answered you.. any more questions? (if you have any doubth, make me know)
Simple facts: Portuguese state is poor as hell, when you come to power, you will be kicked out of the EU, and your wealth will cash down even faster. Where will you then get the resources to take over those factories? Secondly, those factories are expensive like hell, you do not buy Ferrarri with a few billions, especially not when they have the outlook of a giant new market that hungers for them. Thirdly, even if you were able to take over Ferrarri, then you are faced with the fact that once many people got their ferrarri, ferrarris are now to usual and they want another car, now they all want to have a Pagani Zonda. And when you buy Pagani, everyone will have a Pagani and they no longer like it, now they want a Bugatti Veyron, ...
"To hold businesses outside Portugal"
Then you are again working with the capitalist system and you have to pay wages, which your economy can't support.
"Tourism income would be high"
Incorrect, it your system would scareof every European. Your system is further going than communism. And I know very few Europeans that say "Hey i wanna go to North Korea" or "Hey, I wanna go to Cuba". Both are beautiful countries, yet the different political system scares us off, and even if it wouldn't, western propaganda will make us scared of it.
"Exportations at very low prices but high quality"
Nonsense. High quality will be extremely hard to achieve considering your employees are not professional enough. No matter what they study, they'll only work 2 days per week, so they don't care their studies. Once they become professional, they will work too few a week to get to the most skilled level (2 days per week is far too few to be among the best) and at their work, they don't care either they work hard or not, because it doesn't maka a difference to them, but to the state. People want personal apreciation.
Cheaper also won't happen, since you would give the population a higher wealth than they already have, and even now your country can't hold its money without the EU and the IMF. Higher wealth means more expenses. Also, you won't export shit cheap, since everything will be taxed as from outside the EU (EU economy protection, yes you will be kicked out of the EU, your ideas are in no way conform any EU related idea). This means you will compete almost equally with China, India, Bangladesh, ... And no, you won't be able to get cheaper than them and make a wealth for everyone like you wish.
About the oil, if Carl wants a Ferrarri, he doesn't want an electric car. You can't compare these.
And to conclude something else: If you rise to power, everyone with money and a higher education will fleeyour country, because they know that they will get better in a capitalist country in their situation. This will leave you with only a poor and low educated level of the population. And if you check the history of Africa, you will see where it will go.
I'd say study some economy and history, you need it. And when you know the economical basics and learned from mistakes in history, you will see that what you wite here is nonsense that will demolish your country and cause an awful lot of deaths.