I wonder why would the banks do such anti-biz things. Oh...

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Australian businesses are unapologetically fascistic. The goal here is to get big enough to become bedfellows with the government and once you do, you are set.

With that comes adopting all the cultural Marxist horseshit the Gov pushes, but you will get moats and subsidies and access and protection.

The banks have leaned particularly hard into the ESG nonsense, they’ll be all about CBDCs here too - the private sector ran the pilot for the Gov.