Business Council mulls drowning itself in loon pond

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From the AFR:

The Business Council of Australia is in talks to engage Liberal powerbroker and husband of Peta Credlin, Brian Loughnane to make its business agenda more relevant, following stinging criticism over the role of the premier business group in the federal election and the push for a corporate tax cut.

Former Liberal Party boss Mr Loughnane resigned last year as the Liberal Party’s federal director after 12 years at the helm and has set up a high-level strategic business advisory service. Sources said the BCA is in discussions to engage his services as the council looks to reposition its message.

Ms Credlin, former chief of staff to Tony Abbott, joined Sky News as a paid political commentator earlier this year and also accepted a position reporting directly to James Packer last month, as head of policy and business development at his private company Consolidated Press Holdings.

Are you mad, BCA? There is a global groundswell building against corporate plutocrats of this nature. They have no idea how to win over public opinion. In fact, they are the very ideological destroyers driving the revolt against capitalism.

This will neither further the interests of the BCA, its members, the Coalition nor the cause of local liberalsim. It’s the complete opposite on all fronts.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.