More Civil Societies: Trust and banking
It’s no secret that politicians and the government have a trust deficit in the public eye. However, this also encompasses other institutions, most notably Australia’s banking sector.
A Royal Commission has recently uncovered details of how self-interest guides the Big Four banks. Stories have been brought forth about the corruption caused by the pay incentives that guide staff at these so-called Four Pillars.
As Eva Cox explores, it wasn’t always like this.
How does the myth of a self-regulating market sustain itself in the face of these revelations?