Middle East oil shock fuels panic vote-buying

Australia’s new economic decline is colliding with the breakdown of the liberal rules-based orders for global trade and security. The post-pandemic and oil shock push for more sovereign capability and supply-chain self-reliance will eat into national income just as living standards are under pressure. Resolving this tension will require more, not less, of the pro-market —or neo-liberal — policy agenda of the Hawke-Keating and Howard-Costello era to reboot productivity and economic growth. 👉 Join CIS: 🔹 Become a member: https://www.cis.org.au/membership-2-step-1/ 🔹 Make a donation: https://www.cis.org.au/support/donate/today/ 🔹 Learn more: https://www.cis.org.au/