"The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor Government,
which favoured bank nationalisation,"
That is, it was created at a time when Labor believed that the essential means of production should be in state hands.
Now, guess who a few decades later after having absorbed the neoliberal doctrine to the letter decided that it was time to privatize that same bank and subsequently became instrumental in calling for a Royal Commission into Misconduct into Banking, Superannuation and Financial Services Industry based in part on the rumored behavior of that same bank, the number one bank in Australia, which turned out to include the financial planning scandal, the $76m ponzi scheme, the insurance division scandal, the money laundering scandal, the l bank bill swap rate allegations, the BankWest commercial loan book, the dollarmites issue and whatever else we still don't know yet?
Speaking about Keynesian economics, who has ever encountered the Keynesian Cross model as explained in here:
https://en.wikipedia.org/wiki/Keynesian_cross
or even better in here:
https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/macroeconomics-the-keynesian-cross/a/the-expenditure-output-or-keynesian-cross-model-cnx
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- The Biggest Global Asset Bubble That Ever Was And Ever Will Be.
The Biggest Global Asset Bubble That Ever Was And Ever Will Be., page-142
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