Australian Capital Reserve recently went bust
leaving thousands of small investors at risk of impoverishment, among them
pensioners who were convinced to sink their life savings into their various
speculative schemes. It has already been made clear that the small investors
will be the last to receive any compensation, an example of what we may see
elsewhere.
The forthcoming federal election in Australia is shaping up to be an
almighty contest between the classes in spite of the moderate stance of the
Labour leaders. The Australian workers are fed up with anti-trade union
legislation and are turning to Labour on the electoral front as a way of
combating these.