Want to know why Oz will be in poverty?, page-5

on this one I agree with you 100%
"everything we invent goes overseas and then we have to buy the licence back from them.

this is a very old sad story. just an added point for which politicians in this country are so despised"


as to moondogs comment "We have a massive pool of superannuation funds available

Why aren't those managers taking a bit of risk and investing in some of these start ups?"


the huge problem here is that superfunds are some of the worst offenders --

if we do have a startup that makes the grade -------- superfunds take profits off the table by selling the bloody thing off

they are horrid at this --

they were bitching a few years back that the government should sell off things - privatise them - so, super funds could invest in more things


my opinion was ------------------ piss off - because all you do is to buy in - wait for the price to rise, then sell the dammed things off to the highest bidder - which is almost always OS - then, want more of Australia so you can sell it


bugger the super funds -------------- our own worst enemy IMO