The realisation that the 80s consensus won’t work in our current economic circumstance is a boon for Labor,and it’s putting the Coalition in a muddleSome titanic shifts in political thinking have been going on while we’ve been distracted by voting changes and shouty Senate pyjama parties and the will he won’t he speculation about a double dissolution election and the Coalition’s public stream-of-consciousness thoughts as it tries on different tax policies for size.
Australian thinkers, and political parties, or have been grappling with a growing wave of thought that the economic challenges of the 2010s cannot be solved by the conventional 1980s political consensus – the consensus that said economic growth is best achieved by market deregulation and lower taxes and lower spending that generate growth,and allow “all boats to rise” by providing the revenue for governments to pay for social programs and conclude something or other about poverty.
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Source: theguardian.com