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The Forum > Article Comments > Destination not home: why are Australia's tech start-ups flocking abroad? > Comments

Destination not home: why are Australia's tech start-ups flocking abroad? : Comments

By Dario Baudo, published 17/7/2012

Why would an Australian start-up go to Chile or Argentina rather than stay home.

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Easy,

No stupid IR laws, cheaper more productive labour, no carbon tax.
Posted by Shadow Minister, Tuesday, 17 July 2012 10:41:07 AM
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Yes, there is a traditional bricks and mortar mindset in Australia, when it comes to private investment. One is reminded also of a guy call Lance Hancock. Here was a prospector who found mountains of iron ore, so pure that lumps of it could be welded together, in the Pilbra, but couldn't find an Australian backer.
He apparently approached every Australasian govt, to elicit some relatively modest investment funds, only to be greeted by the mainly mindless response, govts have no business in business, or the other old hoary, govts have no business in picking winners.
In fact, all the reasons cited by various entities, for not progressing a mining venture, was overcome with a reportedly virtually worthless letter of credit; and has earned many billions since.
We need to do several things to reverse current trends. First, vast simplification of our tax system, that puts back the 7% ripped out by entirely unnecessary compliance.
A simple stand alone unavoidable expenditure tax, would do just that while effectively eliminating avoidance and the destiny of demography.
The trade practises act needs to be both harmonised and vastly simplified.
We need a govt willing and able to invest in our own people and their better ideas.
It also needs to become cognisant of and effectively remediate the two main reasons, why start ups fail.
Lack of management skills; and, under-capitalisation.
Rhrosty.
Posted by Rhrosty, Tuesday, 17 July 2012 10:46:35 AM
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Cheaper more productive labour? Don't forget its arguably the much lower cost structures, that make cheaper labour possible.
Chilean Govt owned and reticulated power, which is supplied at virtual cost?
Or approximately 25% of what we Australians part with.
No fuel tax?
Much lower housing costs? very reliable low cost public transport?
Farmers markets all over the place, selling all manner of staples, for a fraction of what we Australians pay.
Moreover, in comparison to comparable countries, Australians pay a 30% premium at the checkout, on the staples of life, and over 60% on housing.
We can hardly expect wage claim moderations, while expecting teachers, nurses, police persons , ambos, firies, to shell out a million bucks or more, or rents much higher than a single pension, for a very basic accommodation, in inner suburban Sydney, Melbourne or Brisbane!
Good employees are the very life blood of any successful long term enterprise.
The way to fully recruit your employees often considerable personal expertise, endeavour and work ethic. Is through profit sharing paradigms, that firstly cap labour costs, while giving every worker on the factory floor; a powerful vested interest, in the success or failure of the enterprise!
Rather than, manifestly mindless archaic exploitation and slave wages; business failures and bankruptcies, as we might expect to find, in places like the home of the free, Chile, or a crime riddled and decidedly unsafe for foreigners, Argentina?

[Co-ops, were virtually the only business model to survive the various rigours of the Great Depression, largely intact and or still viable profit making, profit sharing, market driven, free enterprise!]

Even so, I once toyed with the idea of selling up and moving to Chile, where my modest pension would allow me to live like Reilly?
Their health system is comparable to ours, in both cost and quality; albeit, waiting times for elective procedures, could be far less?
However, the volcanic eruptions and the often disastrous and relatively common earthquakes, and a lawless armed to the teeth element, in neighbouring, reportedly crime riddled Argentina, provided a powerful reason to reconsider.
Rhrosty.
Posted by Rhrosty, Tuesday, 17 July 2012 11:37:22 AM
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Tesla Turbine. In Brisbane. Government won't help because one Professor at an Australian Uni said it won't work, sight unseen. Yet they have a working model & are going to China.

I could go on for about 100 more that that would be boring. The Government won't back anything that wasn't developed by the C.S.I.R.O. or an Australian University & even then they don't develop anything either. They put it out for General Industry or hide it. (Been there, done that, Next.) Or if we "stop" research on it we'll lose our funding.

My father worked as at Farm Manager for the C.S.I.R.O in the Burdekin. In 10 years they never completed one study. Usually the Professor in charge left half way through or moved on without writing up his findings. So the Projects were always scrapped.

A so on & so on.
Posted by Jayb, Tuesday, 17 July 2012 11:55:19 AM
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Where is private investment on this issue, if these projects have potential success.
Posted by Kipp, Tuesday, 17 July 2012 1:24:27 PM
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