Aussie Politicians Ditch Neoliberalism

0:00It's April 18th. Welcome in. This is Sydney News Today, where local news meets AI. Australian politicians are ditching the old free market playbook, Big Time. Nationals leader Matt Canavan slammed the last 15 years of economic thinking as outdated, calling for a full-on revolution. Liberal MP Andrew Hastie said voters won't back his party for sticking to neoliberal ideas anymore. It's a sign the consensus on deregulation and small government is out of fashion. This flip comes after two decades of pendulum swings. Back in the early 2000s, young conservatives were all about extreme individualism, inspired by books like Iron Rans epics. Now, they've swung hard the other way toward neo-protectionism, betting big on government picking winners in industry. Both sides are piling on neoliberalism, with left-leaning voices claiming it's dead, and even blaming it for stuff like COVID spread. The rights joining in, creating rare bipartisanship. The critics say this ignores real-world messiness, where government plans often flop on delivering

1:04jobs, wages, and self-sufficiency. The real play isn't shielding industries from competition, but building strategic sovereignty, making ours competitive globally, while acting, independently wear accounts. Australia's edge, energy abundance, if we tab our right, turning us into a manufacturing hub without endless subsidies. That fresh take on free markets, warmed up just right, could keep high wages flowing and businesses investing here long-term.