Australia purges another prime minister
Scott Morrison – a man unknown to almost half of Australians – has become the nation’s new prime minister.
Scott Morrison a man whom almost half of Australians had never heard of, according to an April poll has become the nation's new prime minister, following a coup on Friday that saw the Liberal party dump Malcolm Turnbull and usher in Morrison by 45 votes to 40.
The "turmoil" has left Australians "stunned" by the "antics of their political class", says Roger Maynard in The Times. How could a "stable nation with a strong economy, low unemployment and abundant natural resources" get through six prime ministers in 11 years?
The electoral system is often blamed. General elections are held at least once every three years and voting is compulsory, leaving MPs "constantly twitchy about opinion polls". Unlike Labor MPs, who are subject to different rules, Liberal MPs can "sack their leader at any time". Perhaps Australians are "victims of our own success", says Richard Glover in The Washington Post.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
With only "distant memories" of troubled times, "Australia has produced a political class free to indulge its own worst instincts". And with the rise of career politicians, a "hyper-partisan political culture" has evolved in which your job, not your constituency, takes priority, adds John Howard in the Financial Times.
There was also, however, a "serious policy issue", says Maynard. Turnbull's left-of-centre policies, particularly on climate change, upset right-wingers in his own party, who "foresaw oblivion" at next year's general election. His government's popularity had slumped, creating an opening for Turnbull's rival, Peter Dutton, to strike.
In the end, Dutton's "extreme views" cost him the job, but Morrison faces an uphill battle, says Jonathan Pearlman in The Daily Telegraph. Restoring party unity will be hard, and the ruling Liberal-National Coalition is "widely expected to lose the next election". In the meantime, the nation "finds itself ruled by another unelected leader".
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published
-
Why undersea cables are under threat – and how to protect them
Undersea cables power the internet and are vital to modern economies. They are now vulnerable
By Simon Wilson Published