Australia remains wealthy but structurally fragile – highly dependent on raw exports and poorly positioned for a more complex, decarbonising global economy. Economic complexity is a warning signal we can no longer ignore.
Imagine Australia finishing last on the Olympic medals table. Not mid-pack. Not a disappointing ninth. Last.
Australia looks like a winner – but we’re losing where it counts
There would be outrage. Inquiries. Sackings. Funding overhauls. We would demand to know how a rich, capable country with world-class facilities and talent could fail so completely.