I think there was always a lot of hyperbole in the statement and it really downplays Australia's strength and culture (not a surprise given the colonial undertones involved). Also I think "the lucky country" often gets causality reversed.
But I don't think its a hot take to suggest that readily available resource income has hampered the development of economic complexity over the years. It has also led to a significant amount of apathy in the population. Easy money corrupts.
I'm kind of a bullish on Australia's potential for tech innovation as I believe there is a tremendous amount of underutilized talent that's just itching for an opportunity to apply themselves.
But I don't think its a hot take to suggest that readily available resource income has hampered the development of economic complexity over the years. It has also led to a significant amount of apathy in the population. Easy money corrupts.
I'm kind of a bullish on Australia's potential for tech innovation as I believe there is a tremendous amount of underutilized talent that's just itching for an opportunity to apply themselves.