The major political parties’ economic policies from the 1980s onwards smashed Australian manufacturing, which shrank from 20 per cent of GDP in 1980 to barely 5 per cent now.
Mortgage stress now grips 42 per cent of Australian households, according to a UNSW City Futures Research Centre survey. This is a sharp increase from 30 per cent in February 2020.
On 18 September 2015, knife-wielding terrorists killed 50 off-duty workers at a coal mine. “Nearly all the workers who were not on shift at the time were killed or injured”, said police officer Ekber Hashim, according to Reuters.
The death-knell of neoliberalism in Australia is sounding louder, with a landmark policy recommendation inserted in the end of a Parliamentary report handed down mid-March.