Well said Ken. A sorely neglected topic, though unfortunately only one symptom of the systemic corruption of our so-called democratic political system through entrenched interests acting through the major parties.

Theodore Roosevelt was challenging the cartel system set up by the monopolists like JP Morgan and JD Rockefeller.

The aspirations of control were entirely different to corporations of today.

Today corporations are incorporated, constrained and limited by laws enacted since 1902 WHICH MAKE Theodore Roosevelt’s comments completely redundant. Today we need similar legislation designed to curtail the excessive power which arrogant union bullies seek to force upon this democracy.

Corporations are answerable not only to their shareholders (who are all, ultimately people) and to government and the wider community, through legislation.

Unions are answerable to the rigged ballots of their bosses who, in turn pull the strings of this socialist government through the entryism of union apparatchiks into federal and state labor ministerial positions.

Worker participation is possible, workers are entitled to own shares as well as through their participation in superannuation funds, insurance policies and mutual funds.

As for “All public corporations should have at least two board members elected by the non-executive workforce.”

That is simply code for “Jobs for loyal union thugs”.

That is simply code for “Jobs for loyal union thugs”.

Priceless Col. I'm normally the kind of person to laugh at how we have those dastardly 'unions' and the respectable 'employer groups' (who I call employer unions).

And I really loved the union adverts before the election with management talking about cutting jobs then licking their lips and discussing their bonuses. As Homer once said 'It's funny because it's true'.

But really, as you point out, this applies the other way around in this case. Unions (And their sock puppet political parties) are no more democratic than corporations.

Col, never more blind are the arrogant and ignorant. Ask the shareholders of BrisConnect if they think it is right that a entity that is in a commercial contract with a corporation should be allowed to cast votes at a shareholders meeting without owning the shares. In this case the corporation was not answerable to the shareholders.
another quote from Teddy
"Under present-day conditions it is as necessary to have corporations in the business world as it is to have organisations, unions among wage workers"
in unions only members can vote, however in Australia within corparations the votes of shareholders can be purchased even by a party with a direct commercial interest.

Corporations are nothing more than mini dictatorships. There is nothing democratic about them. Unless you equate democracy with 1 vote = 1 dollar. The owners and their defactos, management, exercise the type of control over other people that the kings of old would have given their right arm for. Even worse many large corporations have been captured by their management who now dictate to and ignore shareholders.

There is no democracy where it comes to business.

You need to have a good look at you self harlequin bug.
You sound like a first class capatialist. Do you want coprruption and collusion to flourish in open territory.
You would be no better than a pill pusher.
You had your chance with kennett and he even kept you under wraps.