by Summary:
Politicians should be as focused on bank malfeasance as they are on welfare overpayments and strawberry sabotage In handing down his interim report last week at the financial services royal commission, the Honourable Kenneth Hayne was damning in his criticism of the behaviour of Australian bankers. It wasn’t a lack of laws, guidelines or codes of conduct that led to the richest banks stealing from the poorest Australians, the commissioner argued, it was simply greed The neoliberal idea that “free markets” would deliver more for individual consumers and the economy than “red tape and regulation” was popularised by films like Wall Street, and embraced wholeheartedly by proponents as diverse as Paul Keating and the Institute of Public Affairs. But the Financial Services Royal
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Politicians should be as focused on bank malfeasance as they are on welfare overpayments and strawberry sabotage In handing down his interim report last week at the financial services royal commission, the Honourable Kenneth Hayne was damning in his criticism of the behaviour of Australian bankers. It wasn’t a lack of laws, guidelines or codes of conduct that led to the richest banks stealing from the poorest Australians, the commissioner argued, it was simply greed The neoliberal idea that “free markets” would deliver more for individual consumers and the economy than “red tape and regulation” was popularised by films like Wall Street, and embraced wholeheartedly by proponents as diverse as Paul Keating and the Institute of Public Affairs. But the Financial Services Royal
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Politicians should be as focused on bank malfeasance as they are on welfare overpayments and strawberry sabotage
In handing down his interim report last week at the financial services royal commission, the Honourable Kenneth Hayne was damning in his criticism of the behaviour of Australian bankers. It wasn’t a lack of laws, guidelines or codes of conduct that led to the richest banks stealing from the poorest Australians, the commissioner argued, it was simply greed
The neoliberal idea that “free markets” would deliver more for individual consumers and the economy than “red tape and regulation” was popularised by films like Wall Street, and embraced wholeheartedly by proponents as diverse as Paul Keating and the Institute of Public Affairs. But the Financial Services Royal Commission has provided clear proof of what the sceptics have been arguing for decades: Greed isn’t good for anyone – except the greedy.
The Guardian