The case against competition policy

Under the original FSIA, signed by Bob McMullen in 1995, the Commonwealth Bank was excluded from the withdrawal of national interest restrictions that allowed all the other major Australian banks to become foreign owned. The Fifth Protocol represents an amendment to the original FSIA – its main thrust is the unrestricted sale of Commonwealth Bank shares to foreign interests.

Forever is not a long time in international politics.

"Competition Policy" has already done untold damage to thousands of Australian families and jobs in our mad and single-minded drive to become part of a global economy where we can only relinquish what is left of our standard of living in an ever increasing downward spiral. Is it any wonder that Australians today challenge just what the hell those elected to represent us are actually doing and just who they work for?

On their track record over the last twenty years they do not represent the overwhelming majority of Australian voters, just big business whose agenda is uncompromisingly presented by our highly concentrated and undemocratic mainstream media.