Seeking evidence of corporate profiteering in Australia
Summary :
Table of Contents
- Introduction.
- Profit vs profiteering.
- Profiteering on home soil.
- Petrol prices.
- Supermarkets and supply chain profiteering.
- Effects on the Australian economy.
- International examples.
- Future risks in Australia.
- Conclusion.
- Reference list.
Abstract
Despite media outcry's, australia's legal system largely protects its citizens from the effects of corporate profiteering. Whether it is complaints over the rising cost of fuel or even the price paid for a kilogram of Bananas, Australian's are quick to condemn business and large corporations if it is perceived they are pursuing an unethical means of obtaining profit. The media has had a field day investigating these allegations and in the midst of our woes we have lost sight of why australia is indeed the 'lucky country'. In order to examine this phenomenon, examples of alleged profiteering acts in australia will be analysed and compared with major international events over the past two decade period. Only then can the true ramifications of profiteering be assessed and its future threat to Australian society predicted.
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