It’s not China, but Australia: State monopoly capitalism fuses government with big business

Crony capitalism is a global phenomenon. We often focus on China, which is natural given its size. This article comes from a little further south however.

(From Michael West)

Australia is moving beyond mere crony capitalism where taxpayer mandates are forked out, often without tender, to a coterie of mates and corporate party donors. We are moving to full surrender, a post-mates era where big business is fusing with the state.

Click here for the article.