Albo wrecks the liberal dream

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Under the heading “Justin Trudeau is wrecking Canada’s liberal dream”, The Economist this week may also have condemned Anthony Albanese.


“It is time of massive anxiety.” Justin Trudeau was talking about Canadians’ economic outlook, pitching the durability of his liberal project to a gathering of global progressives in Montreal last month. “People notice the hike in their mortgages much more than they notice the savings in their child care,” he offered, perhaps implying that in doing so people failed to appreciate all he did for them.

A diagnosis of anxiety fits his own government, too. Mr Trudeau and his party have traversed an arc from heroic to hapless during nine years in office, and today are despised by many in Canada. Less than a quarter of the electorate plans to vote for him. With less than a year to go until a general election, Liberal-party members fear no plan exists to increase that share. They have lost two by-elections in quick succession, as well as the support of their governing partner, the New Democratic Party. As this story was published, a letter was circulating among Liberal MPs calling on Mr Trudeau to stand down. Massive anxiety indeed.

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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.