>Australia could chase edge by becoming a low-tax or low-red-tape capital.
Although our country was founded and grew up with a "low red-tape" mentality, the last 30 years of global-scale mining boom has forever removed that possibility from our environment. Combining socialised welfare, healthcare and (finally!) decent network infrastructure with the Western selfish love of toys, there's not a chance we are ever going to return to a low-tax, low-red-tape society.
Although our country was founded and grew up with a "low red-tape" mentality, the last 30 years of global-scale mining boom has forever removed that possibility from our environment. Combining socialised welfare, healthcare and (finally!) decent network infrastructure with the Western selfish love of toys, there's not a chance we are ever going to return to a low-tax, low-red-tape society.