How is wealth created to advantage more than a few?
Only businesses create wealth when we use the multiplier effect. In the race to support the global village we had forgotten about the Australian village. You do not have to be an economist to appreciate how past generations knew that you did not spend more than you earned. Words like productivity and value adding have gone from our lexicon as we rushed to export raw materials, and buy them back a thousand fold more valuable as imported goods. They also knew about investing in the future, taking risks and creating jobs. its simple if we invest $1M and you create 30 jobs. It is not that 30 people received $30k each, but rather that they are productive and create more than $2 or more dollars for every $1 invested. Invest $100M and 3,000 jobs are created. Others recognise us as a clever, innovative and productive country, but we have failed to recognise our own unique attributes, If we were a business we would have a clear vision of what we need to do and how to operate in a competitive en