Various official inquiries and media investigations have verified a belief that most people suspected-that the big monopolies that control the essentials of daily life for Australians, are squeezing the life out of consumers and producers.
Banks, retail, insurance, energy, transport and construction monopolies are using the excuse of short supply, or effects of COVID to extract the maximum profits while non-existent government supervision drifts along with weak platitudes.
Financing and ultimately directing these companies are international finance companies BlackRock, Vanguard, J P Morgan, Citibank and others. Their drive for profits as shareholders sets the pace and methods for maximum extraction.
Australian historian Humphrey McQueen writes about the inevitable tendency for monopolies to gather in cartels to organise their businesses. They are the bedrock of imperialism.
