The policy-free, risk-averse 2022 federal election campaign is a consequence of the wasted years of the 2010s.
’s seventh decade starting in 2010, the political system broke. Six prime ministerships in 10 years left a series of fragile governments without authority or confidence to lock in the prosperity of Australia’s unexpected China boom.Julia Gillard emerges from the ALP leadership meeting where she replaced Kevin Rudd as prime minister in June 2010.in June 2010, the Labor outsider prime minister a victim of the party’s union factionalism founded in the outdated conflict between labour and capital.
Ms Gillard hung onto office through an overreaching carbon tax deal with the fringe Greens, before Tony Abbott’s fierce campaign defeated Labor, its carbon tax andIt destroyed the hopes for a moderate, market-based price on carbon, and crimped the ability of the political system to generate consensus on climate change.
As the global financial crisis sent most of the rest of the world into recession, iron ore sales to China had showered money on Australians. National income per capita rose, in real terms, by two-thirds between the early 1990s recession and the peak of the resources boom in 2011. Instead, more spending monuments were built. Tens of billions of Gonski education dollars did not prevent Australian school performance from going backwards. TheTribalism and the China challenge
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