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The Forum > Article Comments > Who owns corporate Australia? > Comments

Who owns corporate Australia? : Comments

By Murray Hunter, published 11/3/2013

The reality is that much of Australia is owned by faceless people hiding behind big nominee companies that are virtually impossible to research.

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thanks for that; interesting piece
Posted by Chris Lewis, Monday, 11 March 2013 9:44:43 AM
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Who owns Australia? The same insanely greedy folk who own the U.S. and Europe!

It's the oligarchs and plutocrats of course, and the corporations, and the mega-rich, and the finance companies. In combination with compliant Governments, they have set up a cozy little scheme whereby the rich get ever richer and the average punter gets poorer or starves.

They all come under the umbrella of capitalists. They live in a world which is foreign to the likes of you and I. They have a special little club which only they inhabit. They live in expensive ghettos where only they nest in incestuous groups. They pass around information that adds to their wealth. They manipulate politicians. They change the rules to suit themselves at will.

They have even got taxpayers funding their losses. Too big to fail, they bleat! They pay little or no tax via shady schemes.

It's time their rorts were stopped. It's time there was a more equal distribution of wealth. It's time the 'Old Boys' network was shut down and their wealth was nationalized.

Let's find a Chavez who can put Australia on a fairer footing and destroy the Rich Bitches and Lowlife who make money out of money!
Posted by David G, Monday, 11 March 2013 10:55:07 AM
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BANKS…The new-age “Mafia”, and “Complicity” the first cousin.

“Wikipedia”…
#...In 2012, HSBC was the subject of hearings of the U.S. Senate permanent subcommittee for investigations for severe deficiencies in its anti-money laundering practices. On 16 July the committee presented its findings.[51][52] Among other things it concludes that HSBC has been transferring $7 billion in banknotes from its Mexican to its US subsidiary, much of it drugs related, was disregarding terrorist financing links and was actively circumventing U.S. safeguards to block transactions involving terrorists, drug lords, and rogue regimes, including hiding $19.4 billion in transactions with Iran…#

…Edwin Black's book "IBM and the Holocaust, is an enlightening parallel. In his book he highlights the complicity of IBM in developing IT for the Nazis during WW2: (Hotly denied of course)!
Posted by diver dan, Monday, 11 March 2013 11:31:14 AM
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Very interesting informative and well researched article, Murray! Maybe it should be titled, "extreme capitalism"; or, who is actually running the country?
Or, why some seeming obtuse, [sell the family silver or the farm, privatise public income generating cash cow assets,] decisions are made by some politicians.
Perhaps it is a case for them, if you can't beat them, join them?
As much as 95% of corporate Australia has headquarters offshore; and others have created subsidiaries in tax havens, so as to allow some very expensive outsourcing, patently designed to avoid our tax system.
Irrefutable grounds, I believe, for a complete make over of the tax system, and a change over to a single, stand alone, unavoidable expenditure tax, set at a painless 4,8-5%.
The additional revenue this would generate, [around a 100 billion plus PA,] would underwrite a brand new peoples' bank; and create an alternative career pathway, for those number crunchers, made redundant by long overdue, genuine tax reform.
It perhaps also underscores, all the public bile poured on the Gillard Govt, by the corporate owned media?
Given Gillard seems to be refocusing on, a return to more traditional labour values?
It also makes an equally irrefutable transparency case; for turning major parts of our economy, into employee owned cooperatives.
i.e., we poured many millions of taxpayers' funds into Mitsubishi, and likely paid for all those assembly line, high tech robot welders etc.
That went with Mitsubishi, went they withdrew back to Japan; or should that read China, or north Korea/wherever?
If there had been a forced transfer of collateral, in return for government funding, we would now own Mitsubishi, as a employee owned cooperative?
As an employee owned cooperative, with all the shareholders working on the factory floor, or admin offices, we could have still been producing cars there?
Perhaps even something like a CNG>ceramic cell powered, electric, carbon fibre vehicle.
[We currently lead the world in moulded carbon fibre technology!]
A concept which would utilise Home-grown Aussie innovation; and indeed, create a massive new export market! And don't we need some of that?
Rhrosty.
Posted by Rhrosty, Monday, 11 March 2013 11:51:36 AM
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We don't own,Australia that is certain.Max Keiser notes that the HSBC has been caught out laundering $400 billion in Mexican Drug Cartel money but the British Govt will not prosecute as the HSBC is too important to their economy.
Posted by Arjay, Monday, 11 March 2013 6:42:57 PM
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