Malcolm Turnbull is running a corporate mafia

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There are three critical policy debates underway in Australia today. Each involves huge corporates that are walking all over the public and national interest. And on each the Turnbull Government is defending the corporations ahead of you and I.

The first we know about thanks to the Labor Party and a few renegade Nats that have forced a banking royal commission. The disastrous revelations at the commission need not be repeated again. All that we need remind ourselves is that the Turnbull Mafia spent years running interference for the banks, contorted itself to avoid it, and slammed the commission from day one until it became plain just last week that it had horribly miscalculated. Today its senior consigliere, Scott Morrison, still won’t even acknowledge these blunders.

The public can therefore have no faith that the Turnbull Mafia will deliver appropriate punishments, requisite reforms, or even a considered response as continues to protect its finance gangsters.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.