As we know, Victoria disease is ripping through the Australian economy like COVID did before it.
It is the plague of too many Labor governments importing too many people, creating a constantly rising demand for state-managed services, which do not have the revenue sources to pay for them.
This is called horizontal fiscal mismatch.
The result is rising debt as living standards fall into a permanently worsening crush loading of housing, transport, health and everything else the government can run and ruin.
The second phase of the illness is the crowding out of the private sector as governments spend to try to catch up, only succeeding in destroying productivity.
This is called capital shallowing.
The third and fatal phase of the illness is the collapse of national interest economic thinking across the economy as private and public interests enter a feeding frenzy over keeping their slice of declining per capita demand.
This is called crony capitalism.
There is not much hope of any state of Australia avoiding Victoria disease as the terms of trade smash we’ve been going through continues for another two years, intensifying the income suckhole.
I would like to argue that the election of Coalition governments might help, but even this is a stretch.
It was the Coalition that pioneered the model in the post-2012 decade.
Even so, nobody is enjoying Victoria Disease, least of all Victorians, who are fed up with being force-fed the same old garbage. The Australian.
An extraordinary 59 per cent of Victorians believe Labor does not deserve to be re-elected amid deep dissatisfaction with Premier Jacinta Allan, but the government is clinging to an election-winning lead, with a dysfunctional Liberal Party failing to win the trust of voters.
An exclusive Newspoll conducted for The Australian reveals Labor holds a 53-47 per cent lead over the Liberal-National Party Coalition on a two-party-preferred basis, but that’s where the good news ends for the ALP, with the majority of voters believing it’s time to give another party a chance to govern.
And in a blow expected to place the Premier’s 22-month leadership under scrutiny within the ALP caucus, Ms Allan is facing a revolt over her leadership style, with an emphatic 61 per cent of voters reporting they are unhappy with her. Just 30 per cent support her leadership.
Frankly, Victorians deserve everything that they get if they vote this party back in again. A wandering albatross would do a better job.
But I doubt it will. Australia has spectacularly rejected the Trumpist agenda that would cure it of its economic ills—lower immigration, lower taxes, lower energy prices, health care cuts swapped for defence increases—and nobody is offering it as an alternative.
So every passing year brings in more subalterns from the subcontinent to vote Labor and enjoy a huge leap in living standards versus their home country, as the living standards of locals fall inexorably away.
The solution will need to come from outside the system. To wit. ABC.
Elon Musk announces he is forming the “America Party”, as his feud with US President Donald Trump deteriorates further.
Who will form an equivalent party here and make it credible?
