Victorians are suffering from acute Stockholm Syndrome

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Victorians are suffering an acute case of Stockholm Syndrome regarding the state Labor government.

Victoria’s nine-month lockdown during the Covid-19 pandemic was one of the longest and most severe in the world.

It was also brought to us by the state government, whose incompetence with hotel quarantine and harsh enforcement should have scared voters away.

State debt
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Cost overruns and infrastructure waste are common, totaling tens of billions of dollars. The state is drowning in debt, has the lowest credit rating in the country, and risks further credit rating downgrades.

Victorian net debt per capita

Meanwhile, Victorians are paying the highest taxes in the nation.

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State taxes

The state is also experiencing a health system crisis, with experts warning the system will collapse without a significant funding boost.

Victoria’s economy is moribund, experiencing the slowest productivity and per capita economic growth since the GFC among the major states.

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Victoria’s unemployment rate is also the highest in the nation.

Victorian unemployment rate
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Finally, crime in Victoria is out of control, with robberies, home invasions, and assaults rising to unprecedented levels.

Machette ban

After years of abuse, one would expect Victorians to rise up against the state Labor government.

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Instead, new polling shows that Victorians have fastened to the Labor government:

“Support for the state Coalition is plummeting with a new poll showing just 38% of Victorians back the party – five points less than when Brad Battin took over as leader in December”, the Herald-Sun reported.

“The Redbridge polling, obtained exclusively by the Herald Sun, reveals if an election were held now, the Allan government would win comfortably, delivering Labor a historic fourth successive term”.

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Victorian polling

In a separate Newspoll, Labor holds a 53%-47% lead over the Coalition on a two-party-preferred basis.

“Labor is racking up support in fast-growing urban electorates, within diverse Melbourne and highly educated constituencies”, Redbridge co-director Kos Samaras said.

In other words, Labor has captured the votes of migrants and inner-city elites.

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One has to ask, what else does the state Labor government need to destroy before Victorians vote them out?

Why do Victorians suffer Stockholm Syndrome towards the state Labor government?

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.