By JR on Monday, August 17, 2015
U.S.-based tech entrepreneur goes on epic Facebook RANT about what's wrong with Australia
He's pretty peeved that his exchange-rate bets went wrong. In the way of these things, the Oz dollar was for a while greatly overvalued and he still doesn't realize that.
His comments on negative gearing show a complete ignorance of normal accounting practice but I entirely agree that Australians tend to be "apathetic". "Relaxed" and "laid back" are other words for that. It is however probably a large part of the reason why Australia's rate of homicide is a fraction of America's. A pretty good price to pay, I think.
Our friend seems to be a tech nerd so he has probably never heard of German philosopher Gottfried Leibniz. Leibniz put forward the provocative thesis is that we live in "the best of all possible worlds". It's probably not true but it draws attention to the fact that bad things can sometimes be preconditions for good things. Hence the probable association of an apathetic population with a low rate of per capita homicide. If nothing much bothers you, you are probably not going to be bothered enough to blow somebody else's brains out.
Similarly, the curfew on nightclubs was put in place after a lot of late-night drunken brawls killed a few people and made the streets at night generally unsafe. The probabilities are that there are some people alive today who would not be if a nightclub free-for-all had remained in place. Mr Holmes à Court has a Leftist naivety about the causes of things
An entrepreneur who left Sydney to found a San Francisco start-up has slammed 'lazy' Australians in a long Facebook rant about the government and economy.
Nick Holmes à Court, founder of tech companies including BuzzNumbers and GoodCall, took to social media to question the changes to Australia he has noticed over the past two years while living the U.S. in a post that has been shared more than 1000 times.
Mr Holmes à Court, a distant relative of one of Australia's richest women Janet Holmes à Court, criticised everything from the property industry, to internet censorship laws, to Sydney's nightclub lockout laws.
'Can anyone explain to me WTF is going on in Australia...' he wrote. 'In the 2 years since we left Sydney, institutions like [Kings Cross nightclub] Hugos have closed, Gowings has opened, and you cant buy wine after 10pm or enter a nightclub after 1am (hint, the purpose of a nightclub is in the name).
Mr Holmes à Court went on to criticise the people of Australia for being too apathetic. 'But no one in Australia gives a f***. The lucky country? More like the lazy country.
'We are about to get f***ed so hard by global corporate interests, but the average Australian still thinks "she’ll be right mate".
'At the same time - housing pricing are up 20% in the last 2 years, and $5BN in annual tax losses are thrown to the gutter in negative gearing to make baby boomers richer at the expense of our generation whilst we cut all investment in innovation and future jobs.
'And what is worse, to keep the bubble rolling, Australia is giving away Visas to Chinese investors if they buy property - lets keep the party going baby!'
Mr Holmes à Court said he predicted 'tough times ahead' but that he hoped to be wrong. 'I love Australia, it’s my home, and I hope to grow old and die there. And it really saddens me to see how badly we are f***ing ourselves over as a nation,' he said.
'Paul Keating once argued this was "the recession we had to have" in the 80’s. I wonder what recession Australia needs to have this time to re-correct this unprecedented property and credit bubble.'
Mr Holmes à Court founded social media monitoring company BuzzNumbers in 2007, and it was acquired by Sentia Media in 2012.
In 2013 he founded email automation company GoodCall, which he operates from San Francisco. He also works with Startmate, an organisation that aims to help young Australian entrepreneurs get venture capital in the U.S.