Amy Remeikis

We're seeing economic instability in all three countries, which has been worsened by a global inflation crisis that some analysts say is going to be bigger than the GFC and also potentially bigger and longer than what we saw in the early stages of COVID.

And that is going to force uncertainty.

more people into that real politics of grievance mindset because they are not seeing the same benefits as previous generations and also no real hope.

But the other thing that

is that in the UK, the centre-left government, Labor of the UK, has not responded in ways that their platform would suggest that they would respond.

They've gone for more austerity-style policies when it comes to economics, rather than leaning into some of those

old school labor values of giving people money and, you know, trying to artificially inflate the economy to ensure that people can get through it.

We've also seen that with the Democrats, who did not address the economic inequality and in fact, you know, upheld a lot of corporate America in their policies.

And in Australia, we're sort of at that tipping point with this next budget.

Is Labor going to start addressing some of those issues that have been embedded for the last 20 years or so and follow through with some of what Labor's platform says that its values are?

Or is it going to maintain the status quo?

And a lot of voters, they're going for a disruptor, Donald Trump, Nigel Farage, Pauline Hanson potentially in Australia, to break up the status quo and hopefully shock the, you know, the major institutions into doing something different.

And I think that's going to be the story of this period of time.

I'm not sure if it's blind panic from the parliamentary wing, but...

But it's getting to be blind panic in a lot of the apparatus that supports it, I think.

And I think we're going to be, I think Angus Taylor would be very lucky to be leading the Liberal Party and the Coalition at the next election.

And if he is, it will be because they haven't yet come up with another answer as to who might be able to fend off One Nation.

Angus Taylor has come out in an interview with the Australian Financial Review where he said that the answer is to go back to some of the Howard principles, being culturally conservative as well and economically rational.

But the problem with that is that the Howard principles worked because Australia was in a once-in-a-generation mining boom, which meant that there were rivers of gold flowing into Australia's treasury.

And no government since has had that same impact in terms of having like a sudden influx in resources, rent and in tax receipts flowing into the economy.