Albo is deliberately building One Nation

David Llewellyn-Smith

Monday 23 February 2026

Anthony Albanese is a renowned backroom bovver boy.

He doesn’t care about policy or the country. He cares about power and keeping his side in charge of it.

And boy, is he on a winner with One Nation.

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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.