Our last round of bank mergers ripped the heart out of country towns and transferred countless thousands on the unemployment scrapheap. Generations of farmers were wiped out as faceless (and heartless) bankers in remote city skyscrapers gave the command to wind them up. The scars of this recent era still run deep in the psyche of the bush. (more…)
Posts Tagged Economics
Mega Bank Mergers – greed is good!
Thursday, May 22nd, 2008Workchoices or No Choices!
Wednesday, May 30th, 2007When contesting the election against Paul Keating in 1996, then Oppostion Leader, John Howard stated he would like Australians to feel relaxed and comfortable. At that time Australia was in debt to the tune of $80 billion, our waterfront was one of the most inefficient in the world, inflation was rampant and unemployment was rife. Keating was not able to break this downward spiral because union bosses would not allow him to introduce the necessary workplace reforms to increase productivity. (more…)
