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The trust deficit on innovation : Comments
By Lionel Bopage, published 17/5/2016The 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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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.