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Speaker 1: Welcome to the Fear and Greed Summer series, brought to

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Speaker 1: you by Vanter, specialists in compliance led growth. I'm Michael

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Speaker 1: Thompson and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael, and good.

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Speaker 1: Morning Adam Lang.

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Speaker 3: Good morning Michael.

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Speaker 1: Now five minutes that's what we've got on the clock

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Speaker 1: this morning, and in that time we're each going to

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Speaker 1: put forward a big story about politics, Australian politics, the

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Speaker 1: biggest political story of the year. At the end we're

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Speaker 1: going to decide who wins. Let's jump straight into it. Adam,

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Speaker 1: you have drawn the short straw and you get to

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Speaker 1: go first.

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Speaker 3: Alrighty, So for me, it's Prime Minister Anthony Albanisi and

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Speaker 3: how he's lost a bit of political mojo. Incumbent governments

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Speaker 3: worldwide have been at risk this year as global inflation,

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Speaker 3: higher interest rates, geopolitical tensions and war are all impacting

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Speaker 3: how people feel about their governments. Our hip pockets are

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Speaker 3: hurting and the finger of blame quickly turns to governments

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Speaker 3: when elections come on to our calendar. Twenty twenty five,

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Speaker 3: Australia has to have a federal election. We have persistent

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Speaker 3: inflationary pressure starting to come down, but interestrates remain at

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Speaker 3: a twelve year high four point three five percent. Energy

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Speaker 3: costs surge higher with some help from government grants, and

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Speaker 3: we are behind schedule on the green energy transition. So

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Speaker 3: as we close the year, the Australian Financial Review and

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Speaker 3: Freshwater Strategy poll shows that most voters believe Australia will

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Speaker 3: have a minority government after the next election. There is

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Speaker 3: an expectation that Peter Dutton may be in charge. Anthony

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Speaker 3: Albanesi meanwhile, close to parliamentary year with a slew of

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Speaker 3: legislation getting passed. Still, the Australian population feels a hip

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Speaker 3: pocket hit from the cost of living and Albanesi has

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Speaker 3: lost his political mojo that he is the prime minister

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Speaker 3: to lead us.

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Speaker 1: Don't forget when he bought a three was it three

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Speaker 1: million dollar house in the middle of a housing crisis.

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Speaker 1: That wasn't a good.

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Speaker 3: Look coastal retreat.

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Speaker 2: Yeah, it's been quite.

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Speaker 4: An amazing fall for Anthony Alberanezi, who really had such

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Speaker 4: a great to begin with, remember all those foreign trips

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Speaker 4: and this year he has really lost his manjo, not

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Speaker 4: just externally but internally. Even ALP members are disappointed in

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Speaker 4: Anthony Alberanezi, I mean interesting six months, good story, but

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Speaker 4: I think I'm getting a bit more nitty gritty for

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Speaker 4: my being as political story.

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Speaker 2: I love it.

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Speaker 4: Into the dirt, the nuclear power debate, I don't know

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Speaker 4: what into the dirt.

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Speaker 2: I don't know. I don't know whether you say that yeah.

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Speaker 1: Maybe uranium, Yeah, I think feels higher risk Blinky the

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Speaker 1: three eyed fish from the Simpsons.

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Speaker 4: Here and the whole push towards renewable energy. What the

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Speaker 4: nuclear power debate puts on the table one of the

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Speaker 4: biggest no goes in politics for decades, that's nuclear energy.

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Speaker 4: Opposition leader Peter Dutton deserves recognition for that. It needs

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Speaker 4: to be part of the debate. Even if you don't

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Speaker 4: like it. We should be debating it because nuclear can

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Speaker 4: create huge amounts of energy. In coming decades, we're going

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Speaker 4: to need huge amounts of energy.

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Speaker 2: The push to.

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Speaker 4: Renewables is inevitable now, even if Donald Trump wants to

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Speaker 4: drill more oil. But he's own in personal left standing

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Speaker 4: thinking that the push to renewables isn't inevitable. Part the

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Speaker 4: costing for a moment under coalitions model, which involves seven

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Speaker 4: nuclear power plants as part of the mixed renewable energy

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Speaker 4: will still be the dominant source of power by twenty fifty,

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Speaker 4: but about a third of power will be nuclear. Under

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Speaker 4: the government's policy, ninety ninety four percent of generation by

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Speaker 4: twenty fifty will be renewable energy. Labour's plan predicts ninety

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Speaker 4: percent of coalified power will have exited the system by

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Speaker 4: twenty thirty four. Coal plays no long term role in

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Speaker 4: the coalition's plan either. They will take just a bit longer.

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Speaker 4: Australians now know what they're voting for in terms of

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Speaker 4: the energy transition when we go to the polls. I

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Speaker 4: think the energy transition is perhaps the greatest challenge facing

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Speaker 4: Australia over the next decade, particularly because we're going to

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Speaker 4: need more energy and now we have something to choose between.

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Speaker 4: I think that has been the political story of the year.

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Speaker 1: Oh that is a good one, but look, we are

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Speaker 1: a business podcast. We have a lot of business leaders

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Speaker 1: listening to us here, so this one is for you.

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Speaker 1: I would have to say that the biggest political story

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Speaker 1: of the year is the industrial relations reform that has

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Speaker 1: been introduced by the government. I don't know why I.

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Speaker 2: Paused for tumble weeks.

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Speaker 1: Yeah, I paused for effect. I don't know what I

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Speaker 1: was expecting, applause, just cheers or something. I don't know anyway.

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Speaker 1: These are laws that have been passed over the last

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Speaker 1: kind of eighteen months or so, but many have so

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Speaker 1: don't disqualify them though, seawn, because many have come into

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Speaker 1: effect this year.

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Speaker 2: Right, I'm with him, Yeah, they're okay, good.

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Speaker 1: One of the most prominent, one of the ones that's

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Speaker 1: really generated a lot of talk has been the right

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Speaker 1: to disconnect with employees, able to ignore calls or emails

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Speaker 1: or messages from the boss after work hours where reasonable,

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Speaker 1: without fear of punishment. Also major changes to the casual workforce,

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Speaker 1: where casuals are doing regular hours and they're technically not

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Speaker 1: casuals anymore, employee like conditions for the gig economy. Huge

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Speaker 1: huge changes for labor hire workers getting a big pay

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Speaker 1: rise under the same job, same pay wages, which kind

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Speaker 1: of disproportionately affects companies with a large contracted workforce like

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Speaker 1: our big miners IR reforms. They may not be in

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Speaker 1: the headlines all the time, but businesses and employees are

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Speaker 1: working through these things every single day. This has been

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Speaker 1: a really, really big political story of the last twelve months.

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Speaker 1: I don't know why I'm getting all gestury on this

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Speaker 1: really kind of it's like a.

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Speaker 3: Enthusiasm I think it is.

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Speaker 1: I don't know whether I've done enough to win that,

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Speaker 1: though I suspect it is probably Elbow losing his mojo

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Speaker 1: as the winner.

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Speaker 2: Yeah.

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Speaker 4: You know what's interesting about Albert, It's like, you know,

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Speaker 4: we talk about the IR reforms, the NDIS reforms. There's

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Speaker 4: been all sorts of different funding like the Northern Australia

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Speaker 4: Fund and these sorts of things. They've actually done quite

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Speaker 4: a bit, but somehow he just has lost his major. Look.

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Speaker 4: All I can say is that I think the nuclear

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Speaker 4: debate is the bronze medal winner, and I accept that

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Speaker 4: spot on the podium.

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Speaker 2: I can't decide between Ira and Albow.

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Speaker 1: Are you willing to share the medal or break it in?

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Speaker 3: I actually think I'll concede because, given particularly my productivity enthusiasm,

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Speaker 3: I do think industrial relations is the story me too.

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Speaker 2: I was disappointed at Adam conceded so quickly. I mean,

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Speaker 2: I want you to fight for it, Adam.

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Speaker 1: Yeah, especially when I had already given you the win

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Speaker 1: one hand. I'd already declared Albow the winner.

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Speaker 2: Yeah, I think we all conceded in the last thirty seconds.

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Speaker 2: Well done. Come on, Michael wins. Adam next, then.

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Speaker 3: An unprecedented Christmas give.

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Speaker 2: A sexy bronze Medalist.

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Speaker 1: Now what tomorrow's episode. You have to bring the passion.

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Speaker 1: We've got to spark up a bit tomorrow and you

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Speaker 1: have to try and win.

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Speaker 2: Win. Thank you very much, Sean, Thanks Michael.

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Speaker 1: I fight to the death tomorrow and thank you Adam.

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Speaker 3: Thank you Michael.

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Speaker 1: Make sure you hit follow on the podcast. This is

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Speaker 1: the Fear and Greed Summer Series, brought to you by Vantera.

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Speaker 1: Fear and Greed. I'm Michael Thompson and this is the

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Speaker 1: Fear and Greed Summer Series