Australia is reeling from two rental crises. One is in housing. The other is in technology and it’s the result of the outsized and ever-increasing rent we pay for the products, services and infrastructure of other countries’ intellectual property and innovation output.
In a technologically-driven 21st century world where information infrastructure and innovation smarts represents real power and agency – for global commerce, national security, and geopolitical relevance – we are not a middle-power country, we are a featherweight and highly vulnerable.
The extent of Australia’s multi-decade lack of strategic foresight and investment was on full display in the past couple of weeks.
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