“In many developed democracies, politicians accumulate vast post-service wealth by selling access to public policy. Politicians may make policy anticipating future wealth, a kind of anticipatory corruption.” www.abc.net.au/news/2024-12... - ThreadSky

timdunlop.bsky.social • 84 days ago

“In many developed democracies, politicians accumulate vast post-service wealth by selling access to public policy. Politicians may make policy anticipating future wealth, a kind of anticipatory corruption.”

https://www.abc.net.au/news/2024-12-05/federal-politics-live-blog-december-5/104687056

Comments

jeremywalker.bsky.social•84 days ago

ANZ historically one of the most closely aligned banks to fossil fuels of course

pceebee23.bsky.social•84 days ago

we need to black them from doing this .. they manage it in the US ..why can't we ... because our politicians make the rules... they look after each other and they hate it when the public complains about their dodgy perks....

mish3091.bsky.social•84 days ago

The announcement was made now but when was the appointment made? Questions have to arise regarding any impact to how the Senator fulfils the remainder of his parliamentary term. In any other industry wouldn’t you be forced to take garden leave.

crimsonfinch.bsky.social•84 days ago

I always thought he was a bit of a banker.

againstcorruption.bsky.social•84 days ago

Yeah there is only that 18 month requirement for ministers if I recall correctly. Opposition members have had another 3 years in politics to learn even more but haven’t broken any ‘rules’

awelder.bsky.social•84 days ago

The Westminster system was designed around ministers who would only attain office at the end of their working lives, so they would not be aiming at a post-politics career. This is the price of not living in a gerontocracy

crumbo.bsky.social•84 days ago

It’s so gross.

kuromakicb.bsky.social•84 days ago

The old argument for paying pollies well was their lack of post politics career options. That scenario is long gone for most and we should insist on a reasonable break between politicians making policy and being able to work in an area directly linked to their policy portfolio.

roseannebyrne.bsky.social•84 days ago

I thought there were rules. But nah entitled rich mongrels.

antsinpants.bsky.social•84 days ago

Ya know, cos heaven forbid they are doing it for their fellow countrymen.

Ffs, I really need to stop learning about this. Every corner I turn their is fresh corruption.

Dr.Joseph Toscano warned me gov was established by the rich to control the poor. I hate that he keeps getting proven right
#2026

petersracing.bsky.social•84 days ago

The duopoly serves no one but the duopoly as you surely know. Ie albo has much more concern about Duttons outcome than yours.

antsinpants.bsky.social•84 days ago

That is a great summation.

In THEIR race to the top.
WE have been left behind.

pamswanborough.bsky.social•84 days ago

Its always been this way; and the more lucrative the exit destination, the more you can bet that they started 'working' for that industry a long time ago.

When they say they want to change the world, not specific about which world, nor for whom its improved...

kunzea.bsky.social•84 days ago

Like former RTA senior managers

rhysneedham.bsky.social•84 days ago

Amakudari.

timdunlop.bsky.social•84 days ago

Excellent, thanks!

timdunlop.bsky.social•84 days ago

The quote is from this (probably paywalled) essay:
https://www.tandfonline.com/doi/epdf/10.1080/09540962.2023.2198907?needAccess=true&role=button

bple.bsky.social•84 days ago

Drumming up investment from around SE Asia
Hmmm ??
Guess not for renewable energy projects

rmlockley.bsky.social•84 days ago

Perfect gig for a centrist, untainted by direct contact with gunmetal & the kudos of disciplining our Pacific family to tow the line.

assholefromepaso.bsky.social•84 days ago

Maybe the ANZ deserves a shot in the foot.

human007.bsky.social•84 days ago

Here you go @amyremeikis.bsky.social - tell us how long, and by what means,these politicians are wooed before they take these dissonant post-service jobs and what non-disclosures they are obliged to. There is a long list.

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