Australia’s Hard Left Government

Australia’s Hard Left Government. By Robert Gottliebsen.

The ALP Albanese government is emerging as the most left wing administration in our history on domestic policy. And very few of the radical agendas being put through parliament were canvassed at the election earlier this year. …

On the domestic front we are seeing hard left policies foisted on the business and investment communities and each one is given a sugar coating which diverts the media and provides popular appeal in the community. …

Among legislative and non-legislative blows are:

  • the quasi nationalisation of energy
  • the complete rewrite of industrial relations legislation involving industry-wide bargaining
  • the looming attack on casual work
  • the Australian Taxation Office attack on family business and
  • the franking credits debacle. …

Australians have elected a government that is motivated by a hard left domestic agenda. This will delight a significant portion of the population, but it leaves the business and investment communities with a growing sense of anger and alarm.

Nationalization never works in the long run:

Nothing illustrates that better than the capital strike that is being canvassed in the oil and gas industry as a result of the quasi nationalisation of gas without compensation.

But the companies are being outmanoeuvred by public opinion because Energy Minister Chris Bowen, backed by the prime minister, cleverly used the temporary gas price clamp as a decoy for the radical nationalisation agenda. As I explained yesterday, the legislation enables the government to control the production, marketing and pricing of gas. …

Poorer countries with political instability, particularly in Africa are seen as high risk places to invest because the governments keep changing the rules. The entire global minerals industry is now in a state of shock that a country with the presumed reliability of Australia should embrace a traditional African style of unpredictability, especially as many African countries now realise that such policies are a disaster and have embraced former Australian-style certainty.

Sadly, the popular media do not alert their audiences that this dramatic change in Australian policy and how the likely capital strike will impact their standard of living. …

Everyone must be an employee, with all the bureaucracy that entails. The Government is making it its business to tell you and your employer what arrangement you can have. They know better than you what you want 🙂 As history shows, this soon leads to a sclerotic and dysfunctional economy.

A vast number of Australian families now rely on the gig economy to supplement their incomes because of mortgage and cost of living burdens. They want money in their pocket (not long service leave and superannuation) so they can pay their mortgage and at the same time it provides flexibility in a world of labour shortages.

We don’t know what the ALP are going to do in this area, but the signs are bad.

In the case of the ATO attacks on family business, the public signature policy is a welcome attack on crooks. But behind the scenes many genuine and honest tax paying family businesses are being attacked with fictitious bills, interest rates and penalties with no easy recourse.

Like the Biden regime in the US, they went to the election acting middle-of-the-road and not at all scary, but quickly turned hard left once in power.