Enquiry into Supermarkets price gouging.

Woolworths CEO was being interviewed by journalist on Monday and got up and walked off to get advice from his minder.
The questions were too hard hitting for him to be truthful.
Guess what? Today he resigned.
One would posit to say that the large majority of Corporations/Businesses are using corrupt practices and the ACCC(Australian Competition and Consumer Commission) are to all intents and purposes ineffective.
Being a reactive body instead of a proactive body.

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Abstraction · 61-69, M

It was clear he was gone - his whole career gone in one moment of reaction.

Capitalism is failing the nation of Australia. The top end of town have abandoned any semblance of restraint about it. They are pigs at the trough.

In my economics studies I began to see the answer is a balance between the Market, the Government and Civil Society. This is far more than -isms (socialism, capitalism, communism, etc). If any of these dominate too much it creates an imbalance.

In Australia the Market owns the government (both parties) and civil society has almost zero power.

whowasthatmaskedman · 70-79, M

@Abstraction A decade of the Conservatives, who tried to head down the US path, is going to take a lot of catching up. Luckily our conservatives dont seem to have learned their lesson and still have the same tired old message..😷

Gusman · 61-69, M

@Abstraction There is little we can do about it.
Sure, we can abandon the monopolies, using other outlets.
I like to write to many businesses, banks, car yards, supermarkets, insurance companies et al. Letting them know they are despised by the public and that eventually karma will gobble them up.

Abstraction · 61-69, M

@Gusman My hope is the next generation creating a cross-bench. Green policies and voices in parliament, many of the independents are talking about the things that matter to us.

Meanwhile, Labor has legislation to try to make it impossible for Greens and independents to compete.

DeWayfarer · 61-69, M

@Abstraction [quote]This is far more than -isms (socialism, capitalism, communism, etc). If any of these dominate too much it creates an imbalance.
[/quote]

Been trying to say this for some time now.

It's not a matter of extremes.

Abstraction · 61-69, M

@DeWayfarer Great to find someone who agrees. I bumped into this through an academic named David Korten. Not sure what he's up to now. Interestingly I completed a paper back then demonstrating that states that used this balance were more successful. The stupid lecturer didn't fault my logic but said, no, the correct answer is 'democracy'. I tried to debate him on the point that many democracies are anything but successful. Waste of time talking to closed minds, though.

Gusman · 61-69, M

@Abstraction For a cross bench to happen the public need to stop voting for the major parties.
This will never happen, well, maybe it will. As long as the coming generations understand the the status quo is unacceptable.
Start voting independent, en-masse.
Throw the incumbents out.

DeWayfarer · 61-69, M

@Abstraction the greek philosophers where partially right. Democracy is dependent on the values of the majority.

Just their methods were wrong. All three being atheists didn't make it any more Palatable.

Abstraction · 61-69, M

@Gusman Analysis of the last election showed VERY significant upturn in vote from 18-21 for greens and cross-bench. Next election could tip it. Hence Labor trying to introduce this legislation.
https://www.cis.org.au/publication/generation-left-young-voters-are-deserting-the-right/ [i]" Among Millennials, the Coalition polled fewer primary votes than the Australian Greens; a political party generally thought of as a minor party. The Coalition primary vote was, at 23.1 per cent, not greatly different among Gen Z with a third of this youngest generation voting for the Australian Greens."[/i]