Australia’s most experienced advocate for victims of predatory bank lending has slammed as “insane” Prime Minister Scott Morrison’s policy to lower bank lending standards to boost economic activity.
Forced to propose election policies that will address the growing economic crisis, New Zealand’s conservative political party, the National Party, has announced a plan for a national infrastructure bank.
Australia’s economy hangs on whether the Labor Party and trade unions can take a hard look at themselves and return to their roots as Australia’s greatest champions of a national bank.
While the government feigns concern about the economic impact of the pandemic response, and subjective knock-on effects like mental health, it is sitting on its hands as Australia faces a grave unemployment crisis.
