Thank heavens for Matt Barrie.
In a sea of verbal phlegm, yesterday’s speech by Freelancer’s CEO at Sydney’s innovation summit was short and to the point. The Australian economy was in the Stone Age, he said. The three largest companies in the world, by market capitalisation, are Apple, Alphabet (Google) and Microsoft. These companies, together with Facebook (six) and Amazon (nine) generate more than half a trillion dollars in revenue every year, which is 70% of Australia’s gross national income, he said. By contrast, the top 10 Australian companies consist of two miners, four banks, Telstra, a supermarket company and a superannuation company.