mining companies

Media watchers should be forgiven for a degree of confusion over statements by federal treasurer and deputy prime minister Wayne Swan in the past two weeks.

He began the month with a Press Club address, published in The Monthly’s March edition titled “The 0.01%” where he attacked “the rising power of vested interests” — naming mining magnates Clive Palmer, Andrew Forrest and Gina Rinehart — for “undermining our equality and threatening our democracy”.

Nearly 10 years of a mining boom has made big changes to Australia’s economy and environment. Resource companies have made record profits.

This has given Australia’s rich mining billionaires an inflated sense of entitlement. When the Resources Super Profits Tax (RSPT) was proposed we saw Gina Rinehart speaking to an anti-tax rally from the back of a truck along with fellow billionaire Andrew Forrest, who wore a high-visibility work shirt as though he was just another struggling worker.