By Kris Sayce – Port Phillip Insider (Australia) –
On the subject of technology, we frequently hear folks say that the government needs to ‘lead the way’ when it comes to innovation.
They’ll say that the government should subsidise one thing, support another, or provide tax breaks or incentives to something else.
It’s all a load of hokum.
When it comes to technology and innovation, the last people you want to involve are those in government.
Governments don’t have a clue when it comes to technology or innovation. If they did, they wouldn’t have poured billions of dollars of taxpayers’ money into the soon-to-be-redundant National Broadband Network (NBN).
Just when people in their droves realised they no longer needed fixed-line communications infrastructure — due to the growth and convenience of wireless technology — the government launched the NBN.
Then, in a fit of complete madness, the government decided it would do the complete opposite of sound business sense. Instead of starting the rollout in the most densely populated areas, allowing the NBN to bring as much revenue and cash flow into the business as possible, it started its rollout in some of Australia’s most sparsely populated areas.
As we’ve shown you previously, less than 5% of metropolitan Melbourne has access to NBN infrastructure. Yet there are thousands of acres of fields, home to cows and sheep, which could connect to the NBN tomorrow if they chose — if only there were humans who lived there who were able to do so.
However, don’t for a moment think that government stupidity ends there.
Kris’ background includes 20 years of experience stock analysis, financial brokering, and wealth management. He has worked for Port Phillip Publishing for over ten years and currently pens Money Morning Australia and the Port Phillip Insider.
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