James Shipton’s fate is what happens in Australia when even modest efforts to regulate threaten the major banks, illustrating the urgent need for a public bank alternative to break the monopoly of the Big Four.
Christine Holgate has now moved on from Australia Post, but the government and board must be held accountable, and AusPost must become a people’s bank.
The death-knell of neoliberalism in Australia is sounding louder, with a landmark policy recommendation inserted in the end of a Parliamentary report handed down mid-March.
Prime Minister Scott Morrison and Communications Minister Paul Fletcher used “public expectations” as a cynical political ruse to force out Christine Holgate as CEO of Australia Post over the purchase of Cartier watches.
Proving the value of minor parties in Parliament, Bob Katter MP and Senator Pauline Hanson have each called out lies used to force Christine Holgate out of Australia Post.