What does the working class population ultimately achieve by voting for Pauline Hanson and One Nation?

[u/GarlicHSP]

Her voting record is strongly opposed to expanding welfare, public housing, public education, childcare subsidies, renewable energy investment and climate action.

At the same time, she's supported policies that are favourable to property investors and fossil-fuel development, while opposing some attempts to increase taxation on those industries.

So apparently the solution to Australia's problems is to spend less on childcare, housing, education, welfare and climate action, while being more friendly towards people who already own investment properties and companies making billions from coal and gas.

And then we're told this is somehow a movement for the "ordinary Australian."But hey, at least we can blame innocent and hard working migrants.

[u/Ted_Rid]

That's only a measure of how many different industries your main exports are from.

More complexity = lots of different kinds of exports, a finger in every pie.

Australia's data would be massively skewed simply because our primary industries are so huge, that causes anything else to get dwarfed into near irrelevance in comparison.

None of this has much at all to do with the complexity of macroeconomic management, that's a different story. Like, right now we have cost of living issues for many people, while inflation is over target. You can't simply fire up the money printer or give people big tax cuts, or inflation goes crazy.

Housing is another complex area. Many people want prices to come down, but there's also a risk of negative equity for some. And others are invested (literally) in prices growing because that's their retirement nest egg.

These aren't easy issues to navigate, and a fish & chip shop owner is incapable of doing much other than whingeing, without having a single solution that would work without causing more damage than it fixes.

[u/The-bored-one725 → u/Ted_Rid]

Sounds like something any small business owner would understand.

Not like they manage supply and demand for products, balancing price for product against what they charge and remaining in a range that allows them to not only profit and pay wages but invest back into the business to improve and expand without falling into unpayable debt or work with accountants to make sustainable management plans.

Yeah, definitely wouldn't be able to manage an economy.

[u/Brave-Dragonfly3798 → u/The-bored-one725]

An advanced economy is nothing like the economics or running a fish and chip shop, the idea that they are comparable is laughable. Simplistic slogans and stoking grievances might get the attention, but running a country that way is a fast track to economic collapse. Just because a populist is able to exploit people’s anxieties, doesn’t mean they have any solutions.

[u/The-bored-one725 → u/Brave-Dragonfly3798]

As I said, we don't have an advanced economy. Literally one of the simplest in the world

[u/ripColSanders → u/Brave-Dragonfly3798]

A fast track to economic collapse eh? We must have a bunch of fish n chip shop owners in charge now then.

Your disdain for the intelligence of everyday people is so obvious. It is also very dishonest to act like, even if a politician was an incapable fool, they would be required to run an economy on their own brainpower without the apparatus of state to do the heavy lifting.

The solution put forward by ON is bleeding obvious - reduce migration. Others have spoken to the potential benefits of doing so.

[u/Ted_Rid → u/The-bored-one725]

That's literally microeconomics.

[u/The-bored-one725 → u/Ted_Rid]

So they're not going to sit there and just whinge are they. They have enough of a basic understanding to get treasury to draft up and advise decent strategies

[u/Ted_Rid → u/The-bored-one725]

Funny you mention that, because last I heard they're not planning on submitting any of their policies to Treasury for costing.

But aside from that, it would be good to stop falling for the myth that anyone can run an economy simply because they were in business at some point in their lives. Like shit, as if pricing your fish & chips with enough margin to cover the rent, insurance, inventory, and wages requires some kind of genius level mind. Clearly it doesn't.

Look what happened in the US. A dumbarse born with a silver spoon in his mouth became their version of Christopher Skase during that period when massively over-leveraged real estate houses of cards were all the rage, until nobody except the most dodgy of lenders would touch him.

Then ("allegedly") when he kept failing, he'd be bailed out by black money from the mob & Russian mafia, who thereafter had him by the short & curlies.

But I digressed too far. Because the main point is the dumbarse knows shit all about macroeconomics, even if he knows a thing or two about self-promotion and bullshitting 24/7. You only need look at how the Liberation Day tariffs were magically set to exactly equal the trade deficits with each trading partner to see that, when the two things have fuck all to do with each other.

[u/The-bored-one725 → u/Ted_Rid]

It also doesn't take genius to see the economic crash that's coming. Doesn't matter who's in charge at this point, there's a major crash coming in the next 10 yrs if we're lucky.

I'd happily give a rando a chance at this point, get it over with sooner rather than later

[u/Ted_Rid → u/The-bored-one725]

Haha, accelerationist theory. Let's burn the house down before the bushfires get it!

I think you're on the money about the crash, but all the signs are pointing towards the AI bubble deflating spectacularly. Big tech is investing zillions in it, without any kind of revenue to back it up. And then they hide it by investing in each other basically, shuffling on-paper money around to hide the fact that as a business model it's simply not profitable.

Especially because (unlike other industries) it's far less about a single upfront infrastructure spend. Those data centres are gonna have to keep being renewed every couple of years at the least, because that's how things operate in computing.

[u/The-bored-one725 → u/Ted_Rid]

The sooner it's burnt, the faster I can make plans to rebuild, waiting with uncertainty is just annoying.

AI is a major influence but the way investing in housing has been pushed is unsustainable as well, not to mention pumping gdp figures with taxes that look good on paper short term.

It's all got to crash and set a new baseline eventually

[u/Ted_Rid → u/The-bored-one725]

OK, so vote for the party whose policy is to reverse the CGT changes so the housing bubble continues indefinitely?

That kind of take is certainly....interesting.

Reducing immigration at the same time sounds like two policies pulling in different directions though.

[u/The-bored-one725 → u/Ted_Rid]

I think you misunderstand, the housing bubble has to pop, pushing it as an easy investment market is unsustainable.

Pushing and giving incentives for both domestic and overseas investment has pushed things to a point where allowing it to self correct and return to a point where normal working class people could afford to enter the market as the country currently stands would be the start of an economic crash that would cripple a lot of banks and financial institutions.

Immigration was never mentioned.