Australian Business Council Chair. Imagination personified.
The Grattan Institute reckons that there’ll be a 0.6 per cent trickle down effect to the public after they’ve, (the Federal Government) spent the fifty billion in propping up Big Business. The secretary to the head of the Australian Business Council Will Rent-seeker, explained the process; ‘this fifty billion is a once in a lifetime opportunity for us to divert public funding away from silly things such as research, innovation and education.This fifty billion will restore confidence to the share-holders, and divert what’s left of the ” Common-wealth” into proven wealth creators; Bonuses to middle management. Tax breaks to Chevron. High level executive scoping teams, and the corps of chief executives who’ve proven, (as the banks did, when given trillions by the U.S) that government is hell-bent on saving us from democracy.
Supporting Big Business. Maurice Newman, former chair of Australian Stock Exchange. Business visionary.
In Australia, we can learn from what happened to the U.S banking sector during the financial crisis. Because most of our companies are offshore we can invest a paltry local amount, some ten percent into lobbying, and the rest can go on yachts, smart cars, luxury properties and a right to sit at Davos, where the gymnasium and swimming pool are really world class. It’s onerous. Occasionally we have to front the G20, and tell the world that Coal is good for humanity. When we’re not doing the hard yards, and ensuring that nothing ever ever changes, we’ve got to keep abreast of the latest trends and technologies, so that we can shelve them. And if locally owned, buy them and then close them down. And there’s the favoured option; sell them offshore, where whatever has been invented can be made cheaper. It can then be shipped back to us and bought by the public at Bunnings. Innovation is all very well, but it’s dangerous.
‘The printing press put lots of scribes outta work. Do you want to see the same happen to Coal mining?. In actual fact, Peabody who employs quite a few people here in Australia, wouldn’t mind some of that fifty billion, cos they’re in crisis. Same goes for the motor industries, though nothings’ made here, there’s an awful lot of vehicle makers who have offices here in the innovative realm of car sales. And there’s always room to help the two major supermarkets. They’re actually Australian owned, and with Aldi and other foreigners getting in on the duopoly they’re facing stiff competition. And that leads to further flow on effects to the consumer. It’s bad enough with Seven-Eleven, but the way we’re heading four dollars an hour will cost a fortune. There’s no guarantee we can afford to pay four dollars an hour, it’s generous as it is. As Gina said, in Africa, ‘they’ll work for two dollars a day’. So there’s still significant economies to be met, and we’ll need every cent of that fifty billion to get there.
Worlds Best Practice. When banks go broke make the public pay.
The Barrier Reef may be cactus, but lets think of the real pioneers who make this country great. Big Business. Look what they’ve done to Australia? Made housing un-affordable and captured the public imagination for the one thing that really counts, Real Estate! And that’s just the beginning, there’s so much more that can be sold off, and the public must be proud to know that as each day passes we’re finding new ways to get an income out of them. Don’t risk it, a vote for Labor and the smaller parties will decimate this core sector that has done so much to make us innovative, forward thinking, bold and mature in our approach to technology, society, the betterment of humanity and everything.