[ehnto]

At first I wanted to disagree as I have worked on some pretty awesome stuff and for work at least, I would rather work here than the US. That moderate economic landscape you mention is the reason working on software is so reasonable here. No ridiculous hours, sensible but good pay and a lot of mature technology choices since risk is avoided or at least calculated first.

As an average entrepreneur you are incentivised to play it safe by bootstrapping into existing industries, and because our market is so small the potential for hockey stick growth isn't there so investment isn't an attractive option either.

So I think you raise some good points but they may be aimed at people interested in the fast paced investment fueled software industries, and there are plenty of entrepreneurs and developers who much rather the moderate and grounded pace Australia offers.

I also agree that we have a lot of latent opportunities that can't be realised in that same environment, we are at an apex of cost and availability that makes it really difficult to pull off big risky projects so that leaves a lot of opportunity on the table.