This past weekend, Bernard Salt wrote a FANTASTIC piece for the Oz:
Replace tall poppy syndrome with support for budding businesses
It was (again) fantastic. Please everyone read it. Nothing more to be said.
This past weekend, Bernard Salt wrote a FANTASTIC piece for the Oz:
Replace tall poppy syndrome with support for budding businesses
It was (again) fantastic. Please everyone read it. Nothing more to be said.
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Government’s first duty is to protect the people, not run their lives.
Link goes to paywall. Trying back door.
Read this article, then never listen to the fuckwit again:
Bern S wants businesses to succeed. ALP doesn’t .
Thanks mh
Journalists are just entertainers who struggle to stay relevant and have to compete with other entertainers who are most reliable for opinions on anything, just ask. (oh please ask!)
Every now and again Australia’s Third Most Boring Man delivers something worth reading. Plenty of chaff to sift through first.
The paywall causes a problem
Good article, but he confuses the valuation of a company (ie a stock) with GDP (a flow). One can compare the profit of Apple etc to the GDP of Australia, but it is not right to compare the market capitalisation of Apple to the GDP of Australia
Would read it if I could.
Some of his columns are very good.
Pity about his comments on Trumpie.
I have to ask HB, who is no. 1 and 2?
One of the worst columnists at The Australian.
Australia has some very good business managers and CEOs. It has very few entrepreneurs. Very very few.
I doubt the Australian economy could roar back into life like the US economy has under Trump should be ever have our own Trumpo.
One of Bernard Salt’s employees/associates Simon K…er his name escapes me, is a map freak and posts links to interesting maps on his twitter feed. I died of shock when I learned he works with Salt. Too eccentric for the world’s most boring man.
Thanks for posting thst Chris. I see Salt agrees with me in a sense that we have very few entrepreneurs.
(see #2658374, posted on March 12, 2018 at 1:39 pm). Amusing, isn’t it: when you hear a person say ‘Everyone I speak with on the subject is clearly opposed to the man’ you immediately know everything there is to know about the person.
Now to the true reasons for a lack of entrepreneurialism in Australia.
The reason entrepreneurialism succeeds in the US but not Australia is (largely) for the same reasons that people in small towns are less entrepreneurial than their cousins in large cities:
1. Their horizon – that is, their understanding of what is possible and how to go about it – is not as broad as that of city dwellers;
2. They aren’t surrounded by entrepreneurs and therefore aren’t as ‘driven’ as city dwellers to match the success of others;
3. From seeing the success of others city dwellers have a knowledge base of ideas from which they can develop new ideas and evolve existing ideas;
To put it into context, when compared with the US Australia is a mere backwater – what Donnie might refer to as a s—hole.
But there’s more to it than that. In Australia the leftists who control the education system don’t want to teach people life and business skills. Instead they see schooling as a means of cloning more of their own.
Furthermore, there is the dead hand of government to consider. Do a bit of research on legendary aerospace entrepreneur Burt Rutan, one of those extraordinary ‘only in America’ characters.
https://en.wikipedia.org/wiki/Burt_Rutan
http://www.burtrutan.com/
http://www.scaled.com/projects/tierone/
I’m going by memory here but I think it was Rutan who, after the successful development and flight of spaceshipone thanked the US government for facilitating the fast development of the craft with just ONE PAGE of regulatory requirements.
Do you think it would happen that way in Australia?
Note also that Burt Rutan is also a climate realist! see http://www.burtrutan.com/
Amusing, isn’t it: when you hear a person say ‘Everyone I speak with on the subject is clearly opposed to the man [Trump]’ you immediately know everything there is to know about the person. (see #2658374, posted on March 12, 2018 at 1:39 pm).
Now to the true reasons for a lack of entrepreneurialism in Australia.
The reason entrepreneurialism succeeds in the US but not Australia is (largely) for the same reasons that people in small towns are less entrepreneurial than their cousins in large cities:
1. Their horizon – that is, their understanding of what is possible and how to go about it – is not as broad as that of city dwellers;
2. They aren’t surrounded by entrepreneurs and therefore aren’t as ‘driven’ as city dwellers to match the success of others;
3. From seeing the success of others city dwellers have a knowledge base of ideas from which they can develop new ideas and evolve existing ideas;
To put it into context, when compared with the US Australia is a mere backwater – what Donnie might refer to as a s—–le.
But there’s more to it than that. In Australia the leftists who control the education system don’t want to teach people life and business skills. Instead they see schooling as a means of cloning more of their own.
Furthermore, there is the dead hand of government to consider. Do a bit of research on legendary aerospace entrepreneur Burt Rutan, one of those extraordinary ‘only in America’ characters.
https://en.wikipedia.org/wiki/Burt_Rutan
http://www.burtrutan.com/
http://www.scaled.com/projects/tierone/
I’m going by memory here but I think it was Rutan who, after the successful development and flight of spaceshipone thanked the US government for facilitating the fast development of the craft with just ONE PAGE of regulatory requirements.
Do you think it would happen that way in Australia?
Note also that Burt Rutan is also a climate realist! see http://www.burtrutan.com/
Thanks for posting, no wish to subscribe to that leftist rag.
I agree with Bernie that this is primarily down to the individual and our attitude to such. But it is undeniable that government plays a significant part.
Regulation, taxation, property prices and the attitude of public service in Australia is crushing. Absolutely crushing.
Why would any creative entrepreneur wish to stay here unless he just happens to like the place as financially Australia simply isn’t conducive to this sort of thing. A manufacturing business near here installed a specialised computer controlled machine without fully realising that their electricity bill would rise by more than $3000 per month. Why even try to do this here in SA? Everything is stacked against you. It is extremely difficult in this age to get large enough to acquire the coveted crony capitalist relationship with the Australian government that now seems to be a key thing.
Maybe Bernies next article will cover this aspect.
Bernie is soliciting support for Westpac’s “Businesses of Tomorrow” program.
Westpac seeks to identify the 20 top prospective entrepreneurs, give them each a Westpac mentor, send them on a world study tour, then wrap them in its silken thread.
Breakfast at Bernie’s.
Westpac seeks to identify the 20 top prospective entrepreneurs, give them each a Westpac mentor
And there endeth Bernards wonderful dream.
Chris M #2658850, posted on March 12, 2018, at 9:56 pm
Australia, the nation that invented property speculation?
How many of us can recall that banks always asked for bricks and mortar security for business loans?