If governments don’t support Australian innovation - then as a country we become more and more reliable on China, India and lower labour cost markets.
It makes complete sense to support companies like Anteotech - as it generates jobs, investment in associated industries - exports, further investment in related sectors.
Coal is under increased pressure as an export , which will add to the deficit through lower taxes on coal exports.
Australia better start thinking about other industries, sectors and companies to support otherwise the big black from on the nose resources revenue will be massive.
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