The World Owes Us a Living.
Australia has been the lucky country for most of it’s people, for most of the past century. In many regards we have not only been a geographic island, but a political and economic island, shielded and sheltered from the challenges of the wider world.
We have been able to continually award ourselves better lifestyles and living conditions for decades, all the while slowly but surely whittling away at our global competitiveness. Not that it mattered much until recent times.
But enter the 21st century, and all that is changing. We are now part of the global economy where we have to compete for the very business we need to survive; we have to trade to survive, and we have to be competitive to trade.
Many elements of our economy have not yet awakened to this reality and still seek to act, demand and behave as if the world of change had simply bypassed us, and there remained a bottomless pit of cash to sustain their industries and their wishes.
Regrettably, inevitably, those days have gone and like the last iteration of dinosaurs, this modern day generation of troglodytes may also die a slow and painful death.
Given the frenetic pace of global change, it may in fact be a speedy death.
Australia, must become more productive, more competitive, more sustainable or history will repeat itself, and the world will once more witness the spectacle of the demise of the dinosaurs.
Author Neil Findlay
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