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
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