With the Brexit vote in June and the Donald Trump win in the U.S. Presidential election in November 2016 delivering an electoral riposte to a generation of increasing globalisation, Gunnamatta spoke with David Llewellyn- Smith and Leith Van Onselen about how the Australian economy is currently positioned, and of the implications for Australian economic policy and politics of any potential de-globalisation sentiment.
Over more than an hour the 3 Part discussion covers how Australia’s economic policy framework is likely to be pressured as Mining Capex continues to decline and with the prospect of housing construction likely to peak and then subside within the medium term future, and the implication of this for wages growth and the federal budget, as well as the policy choices confronting the government in responding. From there the role of immigration in sustaining demand is looked at, along with the socio economic impulse leading to a curtailment of immigration and the growing questions about the free trade agenda pursued by Australian governments for a generation, along with the grip of the FIRE sector over Australia’s media discourse and the policy debacles which have marked Australian economic policymaking, most notably in managing Australia’s gas industry.
- The Punterariat's Economic Patience Runs Out - MacroBusiness DLS & LVO
The Coen Brothers nailed the social disconnect leading to Brexit and Trump 20 years ago in ‘The Big Lebowski’