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The Forum > Article Comments > The trust deficit on innovation > Comments

The trust deficit on innovation : Comments

By Lionel Bopage, published 17/5/2016

The continuing defunding exercise will cause not only significant job losses, but also an exodus of the bright and talented science and technology expertise away from Australia.

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Yes, and as a result of our election of types with another agenda?

And in stark contrast to our tiny northern neighbor, singapore, which is spending billions here helping us with our defence and discretionary spending.

I've almost lost count of the ideas we've given away, direct reduction of iron ore to created the lowest carbon polluting, least costly steel smelting industry in the world. And in my view the foreseeable consequence of making the American, Chip Goodyear, CEO of the big Australian, who simply handed it over to his American buddies?

And even dumber, we handed the pulsed laser light, much less costly uranium enrichment over to them as well, thanks to a brown nosing K Rudd? Who I'm informed, just gave it away?

We failed to realise the potentially enormous economic consequences of allowing the methane consuming ceramic fuel cell to head offshore along with the Aussie innovator who invented it.

I could point to the atomic absorption spectrometer and how many millions it has earned for the foreign interests, not afraid to risk venture capital or like tiny (resource poor) Singaporean government to get into the business of business.

As we should have when Lance Hancock went cap in hand to various Australian governments looking for a partner and development finance!

We've learned nothing since, except how to give away or squander billions!
Alan B.
Posted by Alan B., Tuesday, 17 May 2016 1:46:00 PM
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As Clinton said: "It's the ecomomy, stupid". Contrary to the beliefs of people who believe in fairies and Father Christmas, governments do not have their own money; they have only what they can screw out of us, and that is not often managed or spent wisely by politicians who blow it buying votes, allowing themselves to be conned by rent-seekers and lobbyists, illegal entrants, and corrupt foreign countries. There simply is not enough left to do what is sensible for the country and its citizens - those who supply the money wasted by the mongrels.
Posted by ttbn, Tuesday, 17 May 2016 2:22:24 PM
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ttbn,

Your use of spin, trying to associate opposing viewpoints with belief in fairies and Father Christmas, may be straight out of the Liberal Party manual, but it doesn't work on those who bother to look at the evidence.

If your claim were true that "governments do not have their own money; they have only what they can screw out of us" governments would not be able to run deficits.

It is true that government money is often not spent wisely. But far from fixing the problem, imposing short term budgetary restrictions worsens it by encouraging them to make false economies.
Posted by Aidan, Wednesday, 18 May 2016 2:19:23 AM
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I guess it is never an easy feat to delegate billions of funds without having an actual purpose. Things get chaotic especially when there is just too much that needs to be done at such a short period of time. Eventually, things will fall into place but until then, the situation will continue to be pictured as hectic when actually nothing is being done.
Posted by webbrowan, Monday, 23 May 2016 7:10:12 PM
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