Why Anthony Albanese must never see power

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The propertocracy has won another round in the policy fight. Not courtesy of the blood-sucking interests. Rather via the hand of those that set out to end it and instead succumbed to its corrupt siren song.

As Labor gives up on property tax reform, any and all reform actually, the thirty-year Australian property bubble once again has the full support of both political parties in Canberra.

Anthony Albanese has proved himself every bit as empty as Scott Morrison. He cares not for good government nor policy processes. He cares about power for its own sake.

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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.