"Albonomics can be summed up as tearing down borders to trigger mass immigration that leads to a shortage of everything except cheap labour.
For incoming migrants from the Third World, this is a net positive.
They are exploited as an underclass of unskilled labour, whether skilled or not. Yet they still earn more than they would in the originating country.
Moreover, a few years of air-conditioned Aussie wage theft deliver the lifetime upside of escaping a hell hole with new citizenship.
On the other hand, Albonomics delivers a disastrous trinity to the existing population:
A permanent, cheap foreign labour supply shock suppresses wages. All essential public services – housing, education, health, roads, and public transport – are debased at visible speed via crush loading. The everything shortage drives inflation at rates persistently above income growth, and real living standards tumble.
All Australians are exposed.
Elderly and wealthy cohorts confront deteriorating infrastructure and health services (including private).
Middle-class family household purchasing power falls perpetually.
Young cohorts are the hardest hit as wages fall and housing becomes impossible.
Ironically, youth predominantly support Labor under the false assumption that it cares more for their fate than does the LNP.
Nothing could be further from the truth. Albo’s great crushflation makes them poorer, overqualified, unemployable and homeless. Robbed entirely of economic agency, they turn inward to marginal and internecine questions of race, and gender.
Albonomics is fast-tracking the ALP primary vote to minor party status.
Rising in its place is the Greens, a fruitcake party that can accommodate the kaleidoscopic splurge of Albonomic losers
To me the problems we have here in Australia and a lot of other countries stem from the Political Economics Movement from the 70's and 80's at Sydney Uni, this was a shift away from the economic policies that built the Western World on solid fundamentals to economic policies based on ideology or 'feel good' responses to economic problems caused by rapid increases and shifts in global trade that these new type political economists have embraced. Heres an article and podcast about what happened back then and some of whats happened over time leading to where we are now, in the podcast they even mention the start of teaching marxism and similar at the Uni's as part of "Political Economics" and this article and podcast does come from 2013 so DOESN'T take into account what economic and social outcomes this new type economic ideology is delivering in 2025, so if you listen to the podcast in the attached link please remember to bear that in mind it's from 2013 when some of the commentators in the podcast are sharing their opinions on economic policy/fundamnetals/ideology without seeing what their preferred economic ideology has delivered in reality. https://www.abc.net.au/listen/programs/hindsight/radical-economics/4910750
These "Alternative Economics" or "Political Economics" never use to be taught at Universities because it's not based on fundamentals but rather ideoloogy, political ideology. Eventually the student activists and some of the alternative type academics at Sydney Uni won the argument and new economic curriculums were introduced to be taught at the Uni, i think they started not in the economics section of the Uni but the arts section, as time went on more ideological economic type subjects were introduced and/or the curriculums were expanded and eventually the old school type economics was being taught less and less and these days i'm not sure if we even have an economics department or section like it was back in the 70's and 80's at all anymore, if i'm not mistaken it's morphed into something they now call business school or something.
Almost all western nations have been going backwards economically over the last few decades at least and this reflects the change in the fundamental economic policies thats happened since say around the 70's. political parties of both sides, LNP and ALP and even modern conservatives have all unfortunately embraced the new Political Economics (which it was called during the Sydney Uni activist time era), the last political leaders we had that wholistically understood economics properly and the dangers and negative risks of Political Economics based on ideology and 'feel good' type economic government interventions were Thatcher and Reagan.
Today we seem to only have two in the World after decades without any, these two great Leaders are Javier Milei and Donald Trump and thus they are very unpopular in the main stream media and also with the Political Economists/Modern economists/ideological economists however both are delivering good economic results for their people and countries and reversing the decline and problems in those economies and this is highlighting or PROVING the fact that these Modern type economists, Politicians and economic policies we have are delivering much worse results than the old school fundamental type economics, the Political econopmists and academics are causing mauch more harm than good and even forcing very unpopular policies like Mass Immigration because they've run out of ideological based solutions other than mass immigration and it's not just in Australia where the mass immigration Political and Economic policys are in place and causing problems and restlessness in the populations, the UK, Germany, France, Italy, Hungary etc etc, all the Western Nations really and this is because all the Western NAtions embraced the new type Political Economics rather than fixing the problems caused by rapid expansion of global trade and opening up of cheap LAbor Markets like China without restriction or regulations around the cheap labors unfair competitve advantage over western nations companies, workforces/industries China obviously has, we should have been Tariffing them long ago to protect the Western worlds prosperity and standards of living rather than letting ourselves be undermined over time with unfair economic competitive structures that China and alike countries have over us which was imo likely driven or ignored by our policy makers to keep consumer prices and thus the Western Nations inflation and interest rates down, i think the modern economic policy maker must of thought undermining our economies was better than getting another dose of Volcker monetary policy even though it was the only thing that could bring down the inflation that was caused by rapid increases in Government spending in the 60's, 70's etc.
Over the last 2 or 3 decades it's the shift of manufacturing from western nations to emerging markets with cheap labor, low regulations, cheap power and lower taxes that have kept western nations consumer prices and interest rates lower, in fact this has even enabled the ULTRA LOW interest rates which have caused the VERY detrimental and logically undesirable rapid increase in asset prices like our AUstralian housing market for example.
People should be marching against this modern type economics rather than immigration, your not going to get good old Australia back if you target a symptom like the mass immigration is rather than the actual fundamental problem. Trump and Milei are targeting the fundamental problems Western Nations have rather than the symptoms like we in Australia, UK, Canada and EU are still doing.
