australia should be the richest country in the world. youtuber, co-founder eucalyptus.health, @build_aus
Sydney, Australia
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Gearside retweeted
A delicious conclusion: The man who owns the app that has 140 characters also made the flying car
BREAKING: Tesla’s new Roadster just flew, pulling a barrel roll over a Tesla Semi.
@elonmusk: "I've seen a lot of things, but I've never seen that before."
"We call that the kickflip."
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Gearside retweeted
"Enshittification" is a sort of "safe horny" term for what is really just outright impoverishment and declining living standards due to economic insolvency from deindustrialization, demographic decline, hyperinflation, etc.
You are just de-developing and becoming poor.
I hate this new upper middle class luxury phenomena where you get hotels or restaurants that sort of look the part cut corners here and there at still an expensive rate and they then pretend they're luxury. Biggest catfish era.
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Gearside retweeted
There’s been a lot of talk about CGT changes in Australia but we also need to talk about the other things that make it harder to do business here.
In addition to tax there are systemic cultural issues (e.g. tall poppy syndrome which is anti-entrepreneurship, and a schooling system that encourages medals for “effort” vs. winning); employment law changes like the costs protection bill and right to disconnect which make it riskier to have employees in Australia because it’s easier for them to make a claim; easy access to workers compensation and NDIS schemes enabling employees to get easy paid time off work; a lack of grants and incentives from the government to encourage the founding of small business; and finally a hostile media who love tearing down successful innovators (e.g. Airwallex, Atlassian, Employment Hero).
I have built a business that employs around 60 people in Australia, that has created hundreds of millions of dollars in “value” for the country, and tens of millions of (real) dollars in tax proceeds. I also have firsthand experience of all of the above, so I feel relatively qualified to have an opinion on this.
All of this is getting worse each year and simply makes it less and less appealing to be an employer in Australia.
I do think this is the start of a decline and Australia will become like England unless we turn things around.
Australia needs to:
- Incentivize innovation and risk-taking
- Do more than export just raw minerals and education
- Adjust policies to support small businesses
- Drive broader culture change to celebrate “winning”
- Get a competitive edge back on the world stage
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Hurting Australian innovation by adding legislation *on Australians* doesn’t fix a foreign company accessing *easily available* Australian information.
That’s not how the internet works. This is the total wrong take. It will damage our tech ability, continue the brain/capital drain and stop innovation yet again.
It's an outrage that foreign tech company's agent can hack one of our key health care agencies - and that we only learn about it months later when the US tech company bothers to email our government.
The PM already knew of this incident last week when he refused in Question Time to consider improving the powers of the AI Safety Institute.
We need to move quickly to increase the AI Safety Institute's ability to keep us safe, and to legislate national protections and limits around AI, our privacy and our data.
theguardian.com/australia-ne…
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Gearside retweeted
Capital Brief named our Joint Select AI submission the most ambitious of all.
Our pitch: an independent, Australian sovereign frontier AI lab with seed capital from the Australian Future Fund and every Australian getting an equal stake in their super fund. Not renting another foreign model forever.
Builders not renters!
employmenthero.com/news/how-…
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this is an underrated management tenet and one we were obsessive about at eucalyptus
can’t understand why so many startups shield their employees from reality
most companies treat their employees like children
half the value of middle management is knowing things the people below you don’t
that’s not how I run @beehiiv — I openly share our revenue, costs, problems, and everything else with the entire company
I even share our raw board deck every quarter. it’s as transparent as it gets: “here are 10 things that are pissing me off and keeping me up at night” along with the teams and processes that aren’t holding their weight
I think it’s better that people hear and see for themselves that I have concerns rather than thinking that everything is great
> they can't help solve issues if they don't know what they are
> it limits the back and forth. there’s no reading between the lines or misinterpreting
> you can’t force urgency if people don’t understand the underlying reasons why
not giving feedback is selfish. so is withholding information from your employees
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Gearside retweeted
“At critical moments in time, you can raise the aspirations of other people significantly, especially when they are relatively young, simply by suggesting they do something better or more ambitious than what they might have in mind. It costs you relatively little to do this, but the benefit to them, and to the broader world, may be enormous.
This is in fact one of the most valuable things you can do with your time and with your life.”
I can’t find the original @tylercowen reference, but he said once that the one of best thing you can do for your neighbors is to raise their level of aspiration, i.e., to merely suggest that they can do something more than they thought they can do. It is *a very good thing*. Giving someone license to act (and sometimes the means), followed by action, results in success in an abnormal fraction of cases. I vaguely recall @paulg may have said that too.
A sibling of this concept is that, at an individual level, it helps to be a bit more ambitious than what your closest neighbors suggest you should be. This set includes your teachers, your manager, your friends, sometimes your parents. The suggestion by anyone that “you can’t do that” should be a call to arms.
Many Europeans succumb to low self-expectations, and the ones you find in the States often self-selected against this attitude.
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Gearside retweeted
Changing the trajectory of our country starts with telling stories of what is possible.
Introducing the Build Australia Creator Fellowship: a program to empower a new generation of Aussies to do just that.
Learn more and apply at docs.google.com/document/d/1…
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Gearside retweeted
Come on Australia. Let’s build 🚀
Great work @gearside 🙌
#buildaustralia #buildcanada
piped.video/ErwX0A9lRD8?si=p9cB…
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Gearside retweeted
This is my unpopular opinion.
Politicians should be paid a lot more and given huge pensions.
Their salaries and expenses are not material compared to the cost of the decisions they make.
You can say they don’t deserve it but that’s a chicken and egg problem.
Paul Keating once called Peter Costello a “low-altitude flyer”. He wasn’t. But it was a great line.
Look at British and Australian politics today. Almost all are low-altitude flyers. This isn’t left v right. We’re governed by midwits.
The most important policy, that no party will ever put in its manifesto: pay more. Attract better people.
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this is why ai video will never be a big thing in film.
there are just no stakes in an artificially generated shot.
a great shot has to cost you something creatively or reputationally.
proper in-camera work is a time capsule of something that actually happened. with ai, there's no meta story around the effort to get the shot, nor the borrowed history of the actors / subjects.
the same gap will emerge in art, architecture, fashion, graphic design etc
YOU CAN SEE EVERYTHING, a documentary by Nathan Fielder and Lance Oppenheim. Featuring Elizabeth Holmes. Only in theaters this October.
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linkedin is extremely beige compared to x because people are worried their boss is watching.
as a result the edginess gap between linkedin and x is equivalent to 4chan and reddit/digg circa 2010.
Guys I’m so fucking lazy on LinkedIn now that I’m just screenshotting my X posts and placing it over there.
Many people over there have no idea what X is.
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Gearside retweeted
"Productivity growth has been too weak for two decades. That’s why we’re delivering the broadest productivity agenda since the 1990s – cutting red tape, lowering taxes for businesses and start-ups, incentivising innovation and encouraging more efficient capital allocation in the economy." - Jim Chalmers
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i am smiling in these but it's serious
australia doesn't have a skills or talent problem, but a risk appetite problem
thanks @markbouris for having me on the pod.
Australia should be the richest country in the world!
We are so far from that mindset now, it’s not funny.
That’s the conversation I had this week with Charlie Gearside. @gearside , co-founder of Eucalyptus, the telehealth company behind Pilot, Juniper and Kin, which was acquired by US company Hims & Hers for $1.6 billion Australian.
Charlie’s in his mid 30's. He’s not a crotchety old man watching things fall apart from the sidelines. He’s a new parent, and he’s watching this country slowly lose something that makes this country great.
But he’s also doing something about it through his new project, @build_aus , a movement designed to shake this country out of stagnation and reignite Australian industry, creativity and ambition.
Search Straight Talk wherever you get your pods.
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