As world farewells China, Albo goes all in


Albo doesn’t believe in Australia.

I don’t mean this in terms of confidence. I mean, he literally doesn’t think it exists as a nation.

He is the PM of a distant southern land mass open to anybody who wants in.

You don’t need to be skilled, have money, add anything to society, and can bring your historical enmities with you.

You can even have a hatred of your new country and hope to kill it off from the inside.


Thus, Albo has no issue at all with this:

Anthony Albanese’s mission to stabilise the bilateral relationship with China began straight after touchdown on Saturday night when he attended a welcoming banquet hosted by Chinese Premier Li Qiang.

In the first visit to China by an Australian prime minister since Malcolm Turnbull in 2016, Mr Albanese stressed his government’s mantra of: “We must co-operate with China where we can, we will disagree where we must, but we’ll also engage in our national interest.”

“It is in Australia’s national interest to have a positive, constructive and open and respectful dialogue with our major trading partner and that’s what I hope to achieve over coming days,” he said.

It may be in the interests of some anonymous southern land mass. But it is not in the interests of the entity formerly known as “Australia”.

China has made it abundantly clear that it repudiates Australian liberalism in all its forms. If it triumphs as the hegemonic power of the Asia-Pacific, Australian freedom will end.


Australia’s national interest is the defence of that freedom on every front.

Crawling to the CCP in Beijing is very counterproductive in this regard. It signals to Beijing that bad behaviour has no consequences. And it invites the resumption of the “silent invasion” of the 2010s.

In that period, dirty Chinese capital inflated Aussie house prices, bought up strategic assets, inhabited federal seats and bribed parliaments across the nation.


It infected all political parties, but Labor was the worst. Neatly embodied in Albo’s trip today, celebrating 50 years of post-Whitlam grovelling.

Albo has invited the return of the 2010s, and dirty Chinese capital is not standing on ceremony:

Record migration and China’s post-pandemic reopening have sparked a surge of foreign investment in Australian property, with international agents reporting a more than 400 per cent increase in inquiries.


Not to mention the risk that China invades Taiwan, as it keeps saying that it will, bringing all Australian trade to an instant halt.

If you want to know what looking after the national interest is in today’s environment, then look to the US.

There, various states have banned Chinese purchases of realty. Others are cleaning out universities of Chinese funny money. The economy is being reshaped to protect it from Chinese supply chain capture.

Albo is doing the complete opposite on all three fronts.


Why? Three reasons:

  • He is a corporate whorebag that does whatever big business tells him to.
  • He knows that Chinese migrants know that Labor is captured, so they are swelling his voter base.
  • He knows his fake left is obsessed with race, even ahead of the freedom that gives it the right to protest it.

Crawling through Beijing is for Albo and his cronies, not for you or the great southern land mass formerly known as “Australia”.

Finally, please don’t take my word for it. Ask global capital. Goldman:


The first negative inward FDI print: The preliminary Q3 balance of payments(BOP) data released by the State Administration of Foreign Exchange (SAFE) showed falling current account surplus and rising capital and financial account outflows. In particular, inward FDI into China registered the first negative print since the series started in 1998.

Albo has a sixth sense for picking a loser.

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.