From Newsgroup: aus.politics
*The rise of corporate welfare | The West Report*
/The West Report, 124k subscribers 7,852 views, 15 Aug 2026/ <
https://www.youtube.com/watch?v=7vaeZr5CBQE>
"The $2.5B bail-out of Rio Tinto's Tomago smelter is but one in the
recent spate of billion-dollar government rescue packages for highly profitable corporations.
There is strong justification for these given the demands of the Energy Transition but today we look at the hypocrisy of 'free markets' and capitalism, hypocrisy which ramped up during the GFC then went into
overdrive during Covid.
The question is: is there a policy, a plan to it all. Does the 'jobs'
argument stack up? Why do governments simply hand over cash when they
could take equity and get value for the public?"
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Shock horror! Welfare galore!
Socialism! Grrrrr! COMMUNISM !!!! The *END is nigh!
Or is it?
Actually NOT!
It is free marketeers sucking up taxpayers' moneys in the holy name of (imaginary)*jobs and growth*.
Truth to be told at least they are right about the *growth* part as
their private wealth as investors and the corporate upper management is
indeed growing like the weed in the rain.
Long live end stage crony capitalism!
But hey, everything is fine for the rich and mighty just as it is for
their political puppets! the AUKUS scam is going better then ever for
those who are full on for milking the system. Just as those who make
small fortunes out of supporting Israel's genocidal war on Palestinians.
YAY! Let us celebrate out of control hard capitalism making the average
punter poorer then ever. This is our beloved *Trickle Up* economics par excellence.
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