"It's super expensive to do business in Australia because it's super expensive to do anything in Australia. It has a high cost of living, high salaries, high property prices, small population and it located far from everyone."
Labor jobs pay $16/hour minimum. There is heavy regulations and taxes on businesses. With a company over a certain amount of employees, firing an employee ends up being a court case with the head of the labor union.
Startups can't thrive in an environment like this, which is why we don't see VC firms flocking there. It's no coincidence that they are flocking to the US.
"They do serve an incredibly valuable part of society being the only counterweight to large corporations who are easily able to buy their way into politics."
Labor unions are just as bad as corporations. They destroyed GM in the US and continue to create waste in many other industries (teacher unions creating an environment where bad teachers can't be fired).
It's not a shock to me that I was down voted. The leftists here on HN love unions.