Published: October 07, 2018
The banking royal commission has confirmed Australia’s hands-off approach to regulation ends in tears
It is time to bring the dangerous neoliberal love affair with deregulation to an end. The government’s so-called war on red tape has weakened the rules that protect Australians from the sharp end of the profit motive.
Last week the interim report of the banking royal commission confirmed the widespread practice of ripping off customers and exploiting vulnerable Australians in particular. Meanwhile we’re still waiting for the government to address the scandalous usury that is part and parcel of payday lending and consumer leases. And soon we will confront the reality of poor regulation in the for-profit aged care sector.
Continue reading...from The Guardian https://ift.tt/2yaTU7T
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