Labor leadership turns into three horse race

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Shadow Treasurer Chris Bowen has just thrown his hat into the ring to contest Labor’s leadership, turning it into a three horse race between him, Anthony Albanese and Jim Chalmers. From The Australian:

The Australian has confirmed Chris Bowen will run as the Right candidate for the Labor leadership…

Labor frontbencher Anthony Albanese has brushed aside news he will be challenged by opposition treasury spokesman Chris Bowen for the ALP leadership.

“I’m not running to compare myself to any potential candidate or any real candidate,” he told Melbourne’s 3AW radio.

“I’m not running against Chris Bowen or anyone else. I’m running against Scott Morrison”…

While Chris Bowen is a decent economic communicator, he’s an open borders nut and China fanboy. Bowen’s also a key man behind Labor’s devastating electoral defeat. He’s damaged goods and Labor should instead go with some new blood and a fresh face. Somebody that can reset the party away from open borders globalism back to its working class roots.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.