For the first time, the former Labor leader is slamming the Albanese government on economics rather than AUKUS. It’s all about the politics of aspiration.
The business fightback against the failure of the political class to deal with a cost of living squeeze driven by high inflation and low productivity has begun, as Australia’s biggest miner, BHP’s Mike Henry, joins forces with the nation’s biggest banker, Matt Comyn of Commonwealth Bank.
The political failure begins with Labor’s lack of a genuine economic growth agenda, as exposed by Paul Keating’s attack on Jim Chalmers’ proposed “unconscionable” superannuation tax hike on better-off Australians.
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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
