Create over 1.5 million new jobs - National Bank petition

Australia can create over 1.5 million jobs, almost overnight. The instrument for doing so is based on a proven precedent from our nation's experience. It's called a national bank, or a people's bank.

Imagine Australia simultaneously building dozens of huge infrastructure projects, Projects that have long been designed and ready to go:

thousands of miles of high-speed rail;
large scale water projects
electricity generating capacity
rural broadband
hospitals and health-care equipment
and much more

These projects would create more than 1.5 million jobs in engineering, manufacturing, construction trades, surveying, metalworking, and more. We can repair our crumbling, existing infrastructure and erect modern, new, state-of-the-art infrastructure for the 21st century. We can build up our manufacturing and productive capacity, and invest into science and technology to put Australia at the cutting edge.

All that's needed is the political will to do it.

The Australian Citizens Party is leading the fight to recreate a 'People's Bank', that would invest on the basis of promoting the Commonwealth, rather than simply increasing short term profits on whatever risky speculation seems to hold the highest rate of return.

Ironically, the current unprecedented economic crisis is an opportunity for a dramatic change for the good.

Please sign the petition now. This is a matter of the greatest urgency.

PETITION

For national survival, Australia needs a national bank—now!

TO THE HONOURABLE SPEAKER AND MEMBERS OF THE HOUSE OF REPRESENTATIVES

This petition of concerned Australians draws to the attention of the House that:

Australia is in a national emergency, facing the combined crisis of a public health threat and economic collapse.

The economic crisis however is not primarily due to the coronavirus pandemic, but to decades of economic policies that dismantled Australia’s industrial capacity and infrastructure, including and especially healthcare, while inflating a bubble in financial services and real estate.

Australia has become extremely dependent on foreign capital and foreign imports, leading to the highest levels of foreign debt and household debt in its history.

The economic crisis was therefore inevitable; its cause is the same reason Australia is ill-equipped to combat the coronavirus pandemic.

For national survival, this economic situation must be turned around, fast.

We therefore ask the House to:

Immediately establish a national bank to finance an emergency economic mobilisation without borrowing from overseas, just as the original Commonwealth Bank, the “People’s Bank”, provided the credit for Australia’s miraculous WWII mobilisation that transformed the economy into a productive powerhouse.

A national bank would:

harness and direct public credit into long-term nation-building infrastructure projects and a massive expansion of productive industries, especially, immediately, in the production of healthcare supplies and equipment;
be a vehicle for Australians, including superannuation funds, to invest in the nation’s economic development for a guaranteed long-term return;
support the financial system that serves the real economy, not financial speculation;
restore public confidence.

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Australia can create over 1.5 million jobs, almost overnight

PETITION

For national survival, Australia needs a national bank—now!