The Spectator, May 14 2022, Alexander Downer
The election campaign is under way in Australia, barbs are being exchanged, candidates denigrated and abused, and promises – many of which are just fantastic in the literal sense of the word – are being made. The Prime Minister, Scott Morrison, who is the leader of the Liberal party, is being challenged by the Labor leader, Anthony Albanese. Although Morrison has the edge over Albanese as preferred prime minister, neither is much loved. The leaders are unlikely to be a decisive issue in the election.
What is the deeper mood of the country? That needs to be put into its historical context. Ever since the mid-1970s, Australians have expected political parties to be economically responsible. The public are smart enough to know that it’s one thing to make promises to spend money on all manner of popular causes, but that it must be paid for somehow. This mindset has served Australia extraordinarily well. It has enjoyed more than a quarter of a century of continuous economic growth, thanks to open markets, free trade and relatively light regulatory regimes. These policies have often been referred to in Australia as economic rationalism.
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