4.6 • 863 Ratings
🗓️ 2 December 2024
⏱️ 75 minutes
🧾️ Download transcript
What happens to politicians when they're openly bribed -- *ahem*, sorry, "assisted" -- by a hugely powerful corporation? The saga of how Qantas peddles influence, wins subsidies, escapes regulation, and secures Australian government protection by showering politicians with first-class upgrades and secret airport club memberships is, frankly, bonkers.
The legendary financial journalist Joe Aston, formerly a political staffer and Qantas communications man himself, spills the beans in his explosive new book, "The Chairman's Lounge: The inside story of how Qantas sold us out". It's a universal parable about what happens to capitalism and democracy when any one company gets too powerful... and its political favours too luxurious to resist.
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0:00.0 | Good-day, humans. |
0:03.3 | Welcome to the safe space for dangerous ideas. |
0:06.0 | And the most dangerous notion in politics is the suggestion, the mere hint, the mere whiff |
0:12.7 | or insinuation that gifts bestowed by a mega corporation on a humble public servant could in any way sway that politician or public |
0:24.5 | servant's attitude towards regulating the industry that the gift comes from. Yet it happens all the time, |
0:32.7 | of course. It's not technically bribery. I mean, companies are allowed to do nice things to politicians, and politicians are allowed |
0:40.8 | then to, of course, preside over decisions that are relevant to the fate and profitability of those |
0:46.2 | companies. |
0:47.1 | And as long as there's not a real literal quid pro quo, it's all kosher. |
0:52.1 | But it sure doesn't smell very kosher. when you see it all put together by one of |
0:56.7 | Australia's leading financial journalists in an explosive new book called The Chairman's Lounge, |
1:03.6 | The Inside Story of how Qantas sold us out. Now, yes, this does very much tickle my personal |
1:10.0 | fancy because I love airplanes and I'm |
1:12.6 | an inveterate travel hacker and a frequent flyer points juggler and a frequent critic of |
1:18.5 | Qantas and of the way that the Australian government panders to that corporation and favors it |
1:23.9 | against the interests of Australian travellers. However, this is not just a narrow |
1:29.1 | Josh Zep's hobby horse episode. This has implications as a parable for what happens when one |
1:36.3 | gigantic mega corporation that has almost monopolistic power in a country gains too much sway |
1:42.5 | over the people who make the decisions that they are supposed |
1:45.2 | to be making on the basis of our best interest, not the best interest of either them and their |
1:49.6 | family when they get upgraded or the shareholders of a private corporation. Joe Aston is a legendary |
1:55.7 | financial journalist. He has been extremely influential in blowing the lid on big stories in Australian |
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