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Predatory Billionaires Are Corrupting Free Enterprise

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One Nation is the party of free enterprise, which has lifted the Western world out of poverty, providing high standards of living within peaceful societies.

In recent years, predatory billionaires—who already possess more than their fair share—have used their wealth to compromise industry, media, and politics. Their reason is simple: for these individuals, no amount is ever enough. They covet every cent you have and every freedom you enjoy.

The end result is not free enterprise but crony capitalism—a corruption of true free enterprise. This corrupted system serves only to enrich the elite while enslaving everyday citizens in a debt trap and more recently, a digital prison designed to ensure their transfer of wealth is protected.

Transcript

Qantas CEO Vanessa Hudson recently declared that no new airlines could survive in Australia; that was about Bonza. We’ve since seen Rex’s demise, leaving two companies running three major airlines in a market worth $20 billion a year. 

One Nation believes free enterprise competition delivers the highest quality product for the lowest price to the most people. Competition best meets people’s needs. In Australia, we do not have free enterprise competition; we have crony capitalism. Those are not the same thing; they’re enemies. 

Crony capitalism occurs when a cabal of companies acts together to capture production, manufacturing and delivery, to provide the lowest quality product at the highest possible price. That arranged market domination inevitably lowers wages and transfers wealth from working Australians to crony capitalists. 

Anyone who shops in foreign-owned-and-controlled Coles or Woolies will have noticed that everything is smaller, cheaper and doesn’t work like it used to. That’s crony capitalism at work. The world’s largest wealth funds have bought out Australia and turned our once-loved companies into weapons of mass exploitation. Our corporate sector no longer serves us. Instead, we serve the corporate sector, including by the forced purchase of fake medical products during COVID. 

One Nation believes government regulation—including of airlines, banking and the medical field—does not protect the public against corporations; it protects the corporations against new competition and, therefore, against the people. High levels of regulation are barriers to entry to new players, allowing large corporations to thrive while small local players like Rex are strangled and wiped out. Masses of regulations protect corporations with expensive lawyers against court cases. 

If you believe it’s time to reduce regulation, to reduce the presence of foreign corporations and governments in our economy; if you believe it’s time to unleash real competition, to solve the cost-of-living crisis and provide better choices, then welcome to the light. Welcome to One Nation. 

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Government doesn’t create prosperity, free citizens do

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Our country has been ruined by governments trying to pick and choose winners instead of letting people be free to invent new and innovative solutions. We used to lead the world, inventing the refrigerator, electric drill, tanks, pacemakers, ultrasounds and wifi. Not anymore.

The right to raise ourselves up through hard work and enterprise is a freedom that must not be compromised. It must be protected.

Transcript

Later this year we will pass an amazing milestone when an Australian designed and made satellite will be launched into space using an Australian designed and made rocket and launch facility. We now have a domestic end-to-end space capability, creating jobs and injecting new wealth into our economy. Government has not achieved this, private enterprise has, proving once again that governments do not create wealth; free personal enterprise creates wealth. For many years, we led the world in innovation, inventing the refrigerator in 1856, electric drill in 1889, military tanks in 1912, pacemakers in 1928, ultrasounds in 1961 and wifi in 1992. But that’s where the list ends, 30 years ago.

Australia once led the world in patents; now China registers four times the patents per capita that Australia does. This is partly the fault of the big banks, whose tight hold on the capital sector funding for business development is throttling investment, suffocating beneath our banks greedy obsession with real estate. The government, through its future growth fund, has taken upon itself the role of picking winners and losers amongst start-ups, making private sector growth beholden to government bureaucrats. Lockdowns have decimated small business and forced medium and large businesses to shelve research and development plans.

Australia is going backwards and is losing the ability for citizens to support themselves through their own hard work and enterprise. Reliance on government handouts appears to be a design feature of Prime Minister Morrison’s socialist version of Australia. Instead, One Nation will shrink the government to fit the Constitution, we will get government out of the way of free enterprise, we will let the Australian spirit out of [inaudible] to then invent and create to carry this nation forward, even to space. We have one flag, we have one community, we are one nation. The right to raise ourselves up through hard work and enterprise is a freedom that must not be compromised. It must remain.

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