Albo incinerates Aussie economy to protect China

Advertisement

If you thought Paul Keating’s China grovelling was bad, spare a thought for the Albanese government, which is now so infected with ‘Xi Jinping thought’ that it is willing to wreck the entire economy to protect China.

I am talking about gas.

Australia needs to keep 5% of its current gas exports to put its energy transition back on track, cure itself of inflation and an immense housing shortage, and repair its industrial base.

Instead, when former senator Rex Patrick pursued an FOI to unveil what kind of gas domestic reservation remedies the government has considered, he was met with an extraordinary blockade:

Advertisement

Three points stand out.

First, Australia holding back 200Pj of 4,500Pj exported gas to prevent economic disaster is a complete no-brainer.

Second, if Japan, Korea and Singapore can’t get by without this lousy 200Pj amid a massive and growing global gas glut, then there is something very wrong with their policymakers.

Finally, and most importantly, why is China not mentioned? It is China that takes three-quarters of east coast Australian gas, where the problem of domestic shortage is most acute.

Advertisement

Xi Jinping thought has so infected the Albanese government and its agencies that it systematically refuses to mention the word “China”, preferring to mock blame and protect allies as a great distraction!

What kind of corrupted government steals the gas from its people on behalf of a foreign tyranny—triggering industrial hollowing out, endemic inflation, falling living standards, housing crisis, and a wrecked energy transition—then scrubs the dictator’s fingerprints from the smoking gun?

The kind of government that follows the dictates of the 14 conditions to end democracy:

Advertisement

Xi Jinping’s Albanese government must be sacked at the first available opportunity.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.