Much like federal Labor last May, premier-elect Chris Minns has led NSW Labor back to office with no real policies to guide the nation’s most populous state through the gathering global economic slowdown and beyond.

Saturday’s NSW election continues Australia’s post-2008 global financial crisis political slide into bigger spending, bigger debt and bigger government, without any sign of the mainstream microeconomic reform agenda that Labor and Liberal governments implemented in the 1980s and 1990s to create Australia’s modern prosperity.