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John Wylie's call to arms: Less 'digging holes' and more entrepreneurship

At the inaugural Tanarra Capital Entrepreneurship Forum, top business leaders joined John Wylie to chart an urgent path for Australia’s economic renewal.

Tanarra Capital founder John Wylie. AAP/Valeriu Campan.

Earlier this year, John Wylie issued a public, commonsense appeal to save Australia's capital markets from the ASX. On Tuesday, he launched the inaugural Tanarra Capital Entrepreneurship Forum, rallying local founders, investors, business leaders and governments to seize the moment and help kickstart the new economy.

“At a national level, our economy has so much more potential for growth than it’s currently achieving,” Wylie said in an opening address, urging Australia to emerge from “a lazy complacency of collecting rent from comfortable oligopolies or digging holes in the ground to fill northbound ships.”

He described it as not just an important mission, but an urgent one, as Australia finds itself caught between its largest trading partner and its largest security partner.

Despite the geopolitical framing, Wylie’s message was ultimately optimistic. Speaking to Capital Brief later, he said Australia is getting better at fostering innovative businesses and leaders.