The Forum > General Discussion > One Nation - time to debunk a few myths
One Nation - time to debunk a few myths
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People’s Bank - just another “bad” policy from One Nation?
Anyone remember when the Commonwealth Bank was the “People’s” Bank? The idea was that the Australian people’s money was to be made available at low
interest for appropriate job producing development. This great idea, which also happens to have been One Nation policy from its very beginning. It was an idea, repeatedly attacked by the Howard Government and others, yet now that AXA has announced their joint venture in banking, the critics are suddenly silent.
New Zealand liked the idea enough to start their own "people's" bank.
On page 15 of the One Nation policy Blue Book. A People’s Bank is not a profit making entity, but a responsible use of nationally owned funds to finance productive development in the interest of the Australian people.
The Australian Government has the capacity to create a “People’s” Bank but the Liberal Coalition and the Labor Party are very reliant on donations from the major banks and of course they wouldn’t want to create much needed competition for their donors: would they