What if the Australian Government took over the shares of every company on the Australian stock market?
Australians would become shareholders in every company.
These companies would have to act in the public's interest & the private sector would be democratised.
Thoughts?
Any other ideas or thoughts on how we get our major companies acting in our interests and the interests of the greater good?
Just over $2 trillion & the Australian Public could own the ASX.
Keeping in mind that forecasts of almost 1 trillion in "debt", surely we have the capacity for another $2 trillion?
Is this possible @StevenHailAus?
What's the impact on inflation if we spent $2T?
I want to add:
It's only about buying the Publicly listed companies. Those that trade on the Australian stock market.
Not the small & medium size businesses like trades, cafes & bars etc. Or the small manufactures, grocery stores & family owned businesses.
Just the big ones.
More thoughts:
It would eliminate the desire for large companies to lobby government.
It would also remove the power of the lobby groups so it would change the "makeup" of our parliament.
So there would be fewer liars in parliament.
More thoughts.
We need to start calling "Regulations" what they really are which is "Protections".
And it's never good to see a government weaken it's citizens "Protections".
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.