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.
The recent fracturing of the neoliberal consensus that drove both major parties to mass-privatise national assets and hand control of the economy over to private banks is accelerating into a full-blown breakdown.
Parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade is conducting an inquiry into whether Australia should legislate a Magnitsky Act, by which the Australian government would be able to sanction foreign officials accused of