Labor is going into opposition for twenty years

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I’m afraid it’s true. Over the past eight years MB has tried, with limited success, to nudge the dills in the ALP towards government. They absorbed some policy ideas from MB to give themselves a decent economic platform. They followed some of our suggestions around rhetoric too. We did so to free the country from the yoke of a deeply corrupt Coalition that is intent on crushing workers, supplanting Australian liberalism with oligarchy.

Alas, we failed and I now see Labor at the top of an epochal slide that will last decades.

How can I make such an absurdly long prediction? It’s actually pretty easy. Labor now stands in such complete opposition to the emerging megatrends that it rules itself out by definition

The next two decades, and probably more, will be dominated by one force above all others: deglobalisation. That shouldn’t necessarily be a problem for Labor. It has good credentials over history of fighting the good fight for the national interest, especially in the Great Depression and WWII. But the defining split in the period ahead will be the two decades divorce between the US and China and that is not a conflict in which the current Labor Party can prosper.

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Consider, it’s extant defining values are:

  • climate change;
  • social justice for minorities;
  • mass immigration and Asianisation, and
  • multilateralism.

I don’t even include workers. Labor is today the party of a feel good world joined in human enlightenment with the Next Generation on the Starship Enterprise.

As good as this sounds, in practice it means the party is deeply penetrated by Communist Party of China (CCP) stooges and apparatchiks from the very bottom to the very top.

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There is no doubt whatsoever that CCP influence has also soaked deep into the Coalition. However, it is much better positioned to expunge it and appear credible on national security given its defining values are:

  • national security and ANZUS;
  • personal liberty;
  • mass immigration and border protection, and
  • unilateralism.

Some will argue that Australia will be able to negotiate the middle way between the great powers and that could serve Labor well. I put the chances of that generously at 20%. The great likelihood is that as China goes ex-growth over the next few years it will become ever more hostile in its neighbourhood. In response, the US will become ever more belligerent in defense of its hegemony. There is a significant chance that at a certain point the US will insist we cut our major ties with China, and we will. At best, our economic ties are peaking now and will fall dramatically away, pushed away by both great powers.

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There is also climate change and the need for global government to aid Labor but it’s pretty clear today that that will also have to be addressed via the nation state.

Thus Labor’s defining values will put it permanently on the defensive. Worse, it has nobody visible that can see these truths let alone respond to them. Albo’s pansies are as weak a bouquet of globalist apologists that I can recall. Right down to their gleeful selling out of Hong Kong.

Even if an apposite leader does emerge, the corruption of the party is so deep that he or she would have to virtually split it to win the leadership.

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The press is fond of comparing ScoMo to John Howard. This is the wrong analogy. The historic parallel is Bob Menzies in the Cold War. With Labor divided and exhausted for decades.

I hope I am wrong. A defacto one party state won’t be good for Australia. But I have met many of Labor’s people and they are all seriously deluded about a happy clappy world.

Andrew Hastie is more likely to be Australian PM in the future than any of the current bouquet of Labor pansies.

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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.