Australian Joint Stock Companies. Multinational Corporations and companies have been working in opposition for years telling us they are serving our common interest a better life through the achievement of shared profit. However growth and profit not for any common good but only in the interests of their shareholders and CEOs. Like the British East India Company the model on which they were built it can only eventually leads to Fascism bankruptcy or revolution. Since their main function is assett stripping  material and human resources of a nation which will eventually come to a dead end. Oil, Gas and Mining are perfect examples and will even have nations go to war to further these short term interests. Today more than at any other time in history do we see the Aus government operating as a mercenary protecting the wealth of these major corporations and their shareholders at the expense of the common good of the general population. The pandemic and climate change has brought their less than altruistic activities to the fore.  (ODT)

However, the neo-liberal prescriptions for growth and economic management have allowed Australia to fall behind its peers, indeed be overtaken by many countries which are not even its peers. There are many reasons for this, and just as many things to do to fix it. But the solution is not business tax cuts and “IR reform”.

Business taxes have been coming down for years, from as high as 70 per cent, and those corporations hit by the virus won’t pay tax for years anyway. Tax losses. Dozens of the world’s largest companies don’t pay tax here anyway.

On IR reform, we already have the gig economy. Topping that, the JobKeeper scheme has allowed businesses to shed workers without entitlements or pay-outs, and taxpayers picking up the tab. It has saved them billions and given them the option of rehiring or not.

Igglepiggle’s Scoop: Virus War Costs Australia $4 Billion a Week! – Michael West