The chief vice of capitalism, Churchill remarked, is the unequal sharing of blessings. To compensate, he added, socialism ensures an equal sharing of miseries. The bon mot is apposite for understanding the strange saga of Christine Holgate’s tenure as CEO of Australia Post. With an accomplished and stellar record, she should have been a star exhibit for a centre-right government committed to free enterprise, limited government, merit-based recruitment and performance-based rewards.
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