- At what price comes success?
The federal government has announced to cut tariffs on imported vehicles and spend more than 6bn Australian Dollars to help support the local automotive industry. The government aims to encourage investments that will lead to employment of 60,000 people working in the automotive industry, mainly for the two big manufacturers GM and Ford. This comes at a time, when GM announces that it will run out of money at the beginning of 2009, unless demand improves.
Imagine what you could do with 6bn Aussie Dollars invested in start-ups that focus on new innovative projects! You could really help Australia become a world leader in sustainable projects or technology subjects. Do we need to support these ‘old’ industries not knowing whether the money is ‘exported’ to its holding companies in the US? How can we change our thinking in Obama’s sense of changing the world with new, smart and innovative approaches? Is is better to throw money at the big boys or should we use this change to invest in aspiration, entrepreneurial spirit and the values of the small and medium sized business?
Tough questions and a long way to go for all of us.
