Morrison warmongering triggers backlash

Advertisement

In the last couple of weeks, we have witnessed an extraordinary turn toward warmongering against China in the Morrison Government. The major driver of this swing appears to be domestic politics as Morrison seeks to move beyond Rapegate and Vaccinegate to the safer Coalition ground of national security.

How do we know? Because the Morrison Government has no obvious policies to rebalance the economy away from China, which would be the hallmark of a broader plan for decoupling. Instead, this looks like its usual disordered politics and gaslighting.

I remain of the view that this is inadvertently in the national interest given it forces an insulted CCP to decouple the Chinese economy from ours. It is a whacko way to go about it. But getting it done is the main thing.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.