Does Australia have mad planner disease?

If 180,000 cattle contracted mad cow disease and a further 4.4 million had to be slaughtered to eradicate it, as occurred in the UK in the late 1980s, you’d say the country had a systemic problem with bovine spongiform encephalopathy.But if the six major corporates in the Australian financial advice sector had engaged in widespread dodgy conduct affecting hundreds of thousands of people, would that constitute a systemic problem? Not if you’re a big bank boss fronting a Senate Committee but keen to avoid a Royal Commission.Naturally, the approach of Ian Narev and co. was to talk of ‘bad apples’,...

If 180,000 cattle contracted mad cow disease and a further 4.4 million had to be slaughtered to eradicate it, as occurred in the UK in the late 1980s, you’d say the country had a systemic problem with bovine spongiform encephalopathy.

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