The Forum > Article Comments > Social inclusion: what is it? > Comments
Social inclusion: what is it? : Comments
By Klaas Woldring, published 2/7/2009Social inclusion covers far more than the multicultural agenda.
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Your faith in the markets appears immovable but how can you argue that we don’t have to participate in money transactions as if we always have a choice?
How does one choose not to pay bank fees, when salaries are automatically paid into a bank account? You can choose to change banks but there is no real competition they all charge ridiculous fees for using your money to raise profits for their shareholders and for exorbitant salaries and bonuses to CEOs which are not even performance based.
Even shareholders who have a vested interest in a business have their votes ignored in favour of Executive will. I agree that the law gives us certain protections but the law does not control every aspect of the market. And when it does, it is only useful to us if it is enforced.
History shows that when we let the private sector self-regulate honesty and transparency is thrown out the window in favour of profit maximisation. Governments are also guilty but it is easier to hold them to account.
Competition does not always work in allowing the consumer to influence the market because often (1) the consumer is not fully aware of all the information to make a choice and (2) if an industry is colluding as a whole the concept of choice is removed.
Remember the foray into self-regulation by the food industry? Lack of attention to food safety and kitchen hygiene led to increased cases of food poisoning in Victoria. Butchers continue to spray preservatives on meat to make it look redder that cause all sorts of illnesses in many people.
Just recently on ABC News (last night I think) it was reported that pesticide residue levels are rising on fruit and veg and the government is thinking of re-introducing testing again.
Cont..