Episode 91
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Episode 91
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About this listen
The election result is a surprisingly strong win for Labor, but it's important to understand the basis for that.
Yes, the Coalition ran a poor campaign and the ALP a good one - but the real reason for a reversal in poll numbers during the last 4 months is because of the Trump Effect, similar to what has occurred in Canada.
It's important not to lose sight of the big picture - Trump's tariff war risks destroying the global economy and Australia will not be insulated from the consequences. Let's go down memory lane with what happened in this region last time the US did this in 1930 with the Smoot Hawley tariffs.
Most people know what happened in Europe with the rise of the Nazis in Germany. Less well known is the effect on Japan, which was also devastated by the tariffs and used their colony of Korea to seize all of Manchuria in 1931, the precursor to the full blown invasion of China 6 years later.
The new Australian government should be doing its best to deter the actions of the Trump administration not aid and abet them.
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