Peak Labor is here

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Are Australians so grotesquely entitled that they’d rather jettison democracy than pay a little more for their defence of said democracy? From The Australian:

Core support for the Coalition has collapsed to the lowest point in 40 years following Labor’s convincing election victory, despite poor approval ratings for Anthony Albanese’s leadership at the start of his government’s second term.

An exclusive Newspoll conducted for The Australian—the first to test the electoral mood since the May 3 election—also shows that primary vote support for both major parties has fallen to an historical trough of 65%.

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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.