Yeah, it's a serious problem. If you left 20 years ago, I've got bad new for you: it's worse than you remember. Most of the economy now consists of ticket clippers and rent seekers. It's a shame we lack the structural support for new ventures in Australia, as Australians have historically had some good ideas.

But when you look at stuff like this (http://i.imgur.com/g7a9QDL.png), it makes you realise that there's no chance of generating a start-up culture in Australia (except maybe in the financial sector, especially if the business has something to do with property loans).