And the issue nobody will discuss at the election iiiis…China

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Here is the list of the top five issues facing the country. None will be addressed in the election campaign.

1. Chinese invasion of the South Pacific

Neither side has even discussed it, nor will they. If a Chinese naval base is constructed in the Solomon Islands then Australian sovereignty is all but over. Viva Ukraine!

2. Mass immigration

Neither side will discuss it because their business donors don’t allow it and the Canberra consensus on lowering wages by importing cheap foreign labour is intact. That this is driving Australian living standards lower at astonishing speed via crushloading, and building out a Chinese diaspora of questionable loyalty, won’t feature.

3. Energy security

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Australian gas is being siphoned off to China by a blood-sucking cartel that gouges the local market and pays NO taxes. This is so bad that rising LNG export prices now lower Australian living standards. This, while China uses the same Aussie gas to build weapons to threaten Australian freedom and the local industrial base is hollowed out leaving us to throw jubes at any would-be invader.

As well, Australia’s oil and petrol production capacity is so denuded that if it came to any conflict anywhere, a naval blockade of petrol would take us back into the dark ages in a week without firing a shot. See point one.

4. Housing affordability.

Neither side will address it because both are trapped in the household debt over the productivity advancement model. This will mean ongoing hollowing out of the productive economy even as we enter a far more hostile era in which an independent industrial base is essential to national survival.

5. Resources taxation

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All major commodities and miners are radically undertaxed leading to massive Dutch disease, an overvalued currency, inequality and insufficient public revenues to lift defence spending to the degree required by the Chinese threat.

Some of these issues will be given lip service but nothing will be done about any and, certainly, none will feature as deciding factors.

You will notice that every one of the issues is, actually, about the protection and preservation of our liberal democracy beyond a shelf-life of about a decade.

It is the ultimate irony that none will figure in the election.

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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.