The Forum > General Discussion > Insult to all Australians
Insult to all Australians
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Today we witness the banks whacking up rates on little people in small business (or with a mortgage) to bolster their margins based on the principle that margins should only ever stay the same or increase. Ebbing and flowing with the economy like the rest of us does not enter into the thinking of execs at the big end of town. Ever must they be protected even though they are already, "the most profitable banks per capita in the world".
"Howard ensured legislatively, that margins would remain unrestrained by ethics, and that wages would never rise to compensate".
Destroying collective bargaining and replacing the notion of consensus with confrontational politics and individual contracts alone, has had the effect that wages for most working people haven't risen sufficiently now for 15 yrs.
Selling valuable profitable assets like Telstra to show a budget surplus has also disempowered Australia and it's taxpayers, whose future is now knobbled by corporate interests controlling most (if not all) of our essential services and infrastructure.
A new class of working poor in our country is the product and our present day attitudes too this, is evidence of the deep ideological scarring that exist post the Howard years. I believe it may take a generation too recover our sense of civilisation, if we ever will. We will never be able to buy back our assets, they are too profitable for their owners.
I'm not mincing words about this 579, I agree this is the worst, the most deceitful devious and power crazed (and hungry for it !), Coalition version to date. Economically a complete fraud, and premeditatedly lying through their teeth , with trumped up audits, (for which the authors were all but debarred since), during an election campaign.
Could anyone ever imagine this lot in Gov't. And lest we not forget the Howard legacy.