If I get you right you are meaning we are too expensive and non-competitive. But, if you set yourself up so that you maximise sector outputs to what you have in the ground I.e. process and production and innovate around that you by definition produce first for home markets and lessen major infra costs, this allows overall cost over time to become more competitive internationally.
There’s more to it than that simplistic statement but that would be my take. Co-opting industry to be part of it would be hugely beneficial and it would support growth and wealth.
I go back to the time of Menzies, borrow to invest and invest to improve. And grow. Government can’t do without business and business is a liability without Government strategy and planning. Currently they rape Australia for shareholder value and nothing else. Jobs? Please; the opportunities here are massive with proper intervention, stimulus, strategy and planning (not all in that order).
