How Morrison crashed the economy (again)

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The Saturday Paper has a terrific expose on how PM Scott Morrison crashed the economy:

As 2021 was drawing to a close, private pathology providers across Australia were counting up billions of dollars in profit, having met unprecedented demand for laboratory results during the Covid-19 pandemic.

The simple trick of pooling multiple samples before conducting polymerase chain reaction (PCR) tests had allowed these companies to maximise profits and capacity while giving the illusion that the nation’s Covid-19 testing regime was capable of flexing should a new wave of infections break through as restrictions eased in most jurisdictions ahead of Christmas.

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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.