The Australian economy is fundamentally exploitative rather than innovative.
The problem with our type of economy is that what you exploit eventually gets used up and turned to waste. The Australian rich-list is dominated by miners and developers. Look at other countries and see who are their wealthiest – American IT entrepreneurs, Italian designers, German automotive engineers, Chinese trading magnates and Japanese industrialists. What do we do? Our wealthy become rich by digging up the ground or chopping up the land. Then we sell it off cheaply to foreigners anyway. There’s no skill in that, there’s no intelligence and there is no future either. But we are addicted to this lazy life of thoughtless exploitation. When Australia does innovate, what happens? If we manufacture, regular booms in commodity prices bring a rising dollar, killing competitiveness in our secondary industries. When the commodity boom ends, the dollar falls and our industry is ripe for takeover by foreign interests.
And our government is complicit in perpetuating this paradigm of exploitation, rabidly defending and promoting coal mining and the destruction of our environment while undermining and denigrating those who seek more intelligent solutions to the world’s problems.