Aussie economy doomed under Cowardly Albo

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There was the Henry Tax Review, left gathering dust on the shelf.

Now, there is the heavily prescribed Productivity Roundtable, which will do likewise.

A cowardly Albo has ruled everything out. The Australian.

Anthony Albanese has laid down his conditions for economic ­reform in an era of growing polarisation, declaring any policy changes need to transcend “numbers on a page” and be proven to make a practical difference to the lives of Australians by bolstering aspiration, fairness, opportunity and community.

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The Prime Minister argues wage increases “are not a dividend of our national prosperity, they are a driver of it”, while declaring there is a “powerful economic case” for the creation of a universal childcare system.

And that’s the end of it. By making it about individual Australians, reform is a non-starter.

Reform is about the most good for the most people, but it does not care which ones.

Albo is an economic pygmy and backroom bovver boy. He has neither the brainpower to understand the benefits of utilitarian reform nor the spine to execute it.

He is Mr Nice Guy with his hand in everybody’s pocket because he won’t upset anybody.

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The Aussie economy is doomed under this bloke.

Not to mention the democracy as China closes in.

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.