OPINION: Dreadnought Resources CEO Dean Tuck was homeless three months.
Dean Tuck is a Texan who arrived in Perth in 2007 with no friends, little money and two weeks’ accommodation. The Texan’s money quickly ran out, leaving him homeless. Fortunately, a barmaid at a pub he had adopted took sympathy on him. She let him sleep on her porch in a sleeping bag. He scraped together money cleaning toilets and the kitchen at the pub.
After a five-minute job interview – Tuck had arrived in shorts, T-shirt and with no CV – he was hired by Talisman Mining as a relief geologist. “It was 2007,” he says. “If you could spell rock and had a pulse, you could get a job.” The family’s private fund, McCray Investments, owned what they had been told was a promising manganese deposit in Brazil. They needed a geologist to confirm if there was enough of the mineral, which is used to make stainless steel, to justify building a mine.
In many ways, through cultural insularity and tight professional networks, Australia makes it difficult for talent to arrive and contribute. Foreign-born CEOs are often seen as curiosities. At lower levels, international credentials and work experience aren’t valued. The Immigration Department even has staff, known as global talent officers, to help attract applicants, They’re located in Australia, London, San Francisco, Singapore, Taipei and Washington.
One of the unpalatable truths about welfare is that generosity attracts the wrong kinds of immigrants. The most dynamic people seek out countries where they can become rich. The less motivated, and capable, look for state support. As Australia embraces bigger government, should it ask itself: have we struck the right balance?
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