2024 down in Australia might be like the 1930s/ 1940s Europe. Anti semitism may be very popular for. Wesfarmers and the ALP but things could turn if The majority of Australians blame Wesfarmers, Bunnings and OfficeWorks and Kmart and the ALP for the cost of living crisis and not Israel’s reaction to October 7.
If the ALP and Wesfarmer’s preferred political party lose the next election, with this anti semitic stance, and tif majority of Australians do not go along with it, Wesfarmers will almost be certain to face huge fines and be broken up.
The billions of dollars of fines and break up of Bunnings and other parts of Wesfarmers will erode value and capital real quick. An existential crisis.
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