WEBVTT - Rita Panahi Show | 30 June 0:00:02.840 --> 0:00:04.519 On scoring lives Ostrodia. 0:00:05.200 --> 0:00:07.280 This is the Wider Panale Show. 0:00:08.440 --> 0:00:10.799 Good evening and welcome to the Rida Panahe Show. I'm 0:00:10.840 --> 0:00:14.080 Caroline Druso, filling in for readA tonight and coming up 0:00:14.120 --> 0:00:15.920 on the show alarming news from the A and Z 0:00:16.160 --> 0:00:20.560 Bank as it raises concerns about supply chain vulnerabilities. I'll 0:00:20.560 --> 0:00:24.120 get Adam Crichton on that shortly. Another blow to Labour's 0:00:24.160 --> 0:00:27.160 green energy dream with a twelve point five billion dollar 0:00:27.240 --> 0:00:31.040 hydrogen project acted in central Queensland. We'll speak with Liberal 0:00:31.040 --> 0:00:35.280 Senator Alex Antick to get his reaction. Plus Senate Republicans 0:00:35.360 --> 0:00:37.800 vote to advance Trump's big Beautiful bill. 0:00:38.120 --> 0:00:39.040 Josh Hammer will. 0:00:39.000 --> 0:00:42.040 Join me from the US with his analysis, and Kinsey 0:00:42.040 --> 0:00:44.840 Schofield will join us to break down all the big 0:00:44.880 --> 0:00:49.800 news from Jeff Bezos and Laurence Sanchez's luxury wedding in Venice. 0:00:50.920 --> 0:00:53.479 But first joining me now is IPA Senior Fellow and 0:00:53.600 --> 0:00:57.160 chief economist Adam Crichton. Adam, let's start with some pretty 0:00:57.280 --> 0:01:00.280 alarming news here. The A and zaders raised concerns about 0:01:00.320 --> 0:01:03.880 supply chain vulnerabilities, saying we can't bank. 0:01:03.600 --> 0:01:07.480 On food security of all the things. So is this 0:01:07.680 --> 0:01:08.240 actually a. 0:01:08.200 --> 0:01:10.760 Problem, and if so, how did we get here and 0:01:10.800 --> 0:01:11.640 how do we fix it? 0:01:13.720 --> 0:01:13.880 Yeah? 0:01:13.920 --> 0:01:15.920 Well, certainly it might not seem like a problem. This 0:01:16.040 --> 0:01:19.360 Australia does, I think, export roughly three times as much 0:01:19.360 --> 0:01:21.320 food as it actually consumes itself. 0:01:21.319 --> 0:01:22.360 But there are some key. 0:01:22.280 --> 0:01:24.560 Vulnerabilities that that report rightly pointed out. 0:01:24.680 --> 0:01:27.200 You know, the big one actually being fuel stocks. 0:01:27.200 --> 0:01:30.959 We only keep about fixed about fifty six days worth 0:01:31.040 --> 0:01:33.080 of fuel in Australia. If there was some sort of 0:01:33.120 --> 0:01:36.800 trade war or or heaven forbid, an actual war, we're 0:01:36.800 --> 0:01:39.160 supposed to keep ninety days, so that's obviously a big 0:01:39.200 --> 0:01:43.160 gap there. And critical ingredients to the farming process, such 0:01:43.160 --> 0:01:45.320 as fertilizer, they come from the Middle East and China. 0:01:45.400 --> 0:01:47.880 We don't actually make those ourselves. So I think the 0:01:47.880 --> 0:01:50.080 AZD is right to point these things out. But I 0:01:50.120 --> 0:01:52.160 must say I was a bit surprised that the an 0:01:52.280 --> 0:01:54.360 Z was saying this because as far as I understand it, 0:01:54.400 --> 0:01:57.320 they are big supporters of net zero, and one of 0:01:57.360 --> 0:01:59.920 the biggest threats to our food security going forward is 0:02:00.160 --> 0:02:02.760 actually net zero, because that would mean if we're going 0:02:02.800 --> 0:02:05.480 to achieve our solar and wind targets by twenty fifty 0:02:05.800 --> 0:02:09.280 some thirty percent of Australian prime agricultural laran would actually 0:02:09.280 --> 0:02:12.919 be covered in solar panels and wind turbines. So that is, 0:02:12.960 --> 0:02:14.880 you know, the number one problem I would say for 0:02:14.960 --> 0:02:16.320 our food security, apart from that. 0:02:16.840 --> 0:02:18.600 Fuel issue that I just mentioned before. 0:02:18.960 --> 0:02:21.320 But certainly we have to scrap the net zero fantasy 0:02:21.320 --> 0:02:23.760 if we do want to maintain our food security and 0:02:23.800 --> 0:02:27.040 of course also energy security for that matter as well. 0:02:28.880 --> 0:02:29.040 Yeah. 0:02:29.080 --> 0:02:32.079 Absolutely, and plenty of the big banks are very much 0:02:32.160 --> 0:02:37.640 opposed to funding what they fossil fuel related projects, so 0:02:37.680 --> 0:02:40.640 that there just makes a big issue even bigger than 0:02:40.680 --> 0:02:43.240 it already is onto the alban Easy labor government, and 0:02:43.280 --> 0:02:46.640 it's said that a priority for them is big tech 0:02:46.680 --> 0:02:49.680 paying for news. Now, look, we saw legislation of this 0:02:49.800 --> 0:02:53.320 nature under the Morrison government. So what's the catalyst for 0:02:53.320 --> 0:02:55.600 this for labor and how does it differ from what 0:02:55.600 --> 0:02:56.480 we've seen before. 0:02:58.720 --> 0:03:01.320 Well, certainly I'm very sympathetic to this legislation. I think 0:03:01.320 --> 0:03:05.000 those payments from Facebook and Google to Australia's major media 0:03:05.040 --> 0:03:08.960 companies have been very important in keeping journalists employed. But 0:03:09.040 --> 0:03:12.040 it's going to be a very very tricky few months, 0:03:12.080 --> 0:03:15.120 I would say for the Albanese government on this issue. 0:03:14.800 --> 0:03:18.760 They are supposedly committed to it, but the tech giants 0:03:18.760 --> 0:03:21.160 themselves obviously hate it. They don't want to pay this money. 0:03:21.600 --> 0:03:24.480 And we've seen in other countries such as Canada. Actually 0:03:24.520 --> 0:03:26.519 just a few hours ago, we've seen the government there 0:03:26.639 --> 0:03:29.600 dump a similar piece of legislation to Australia. It's not 0:03:29.639 --> 0:03:32.200 exactly the same they called it a digital services tax, 0:03:32.240 --> 0:03:34.720 but it had largely the same effect. And this is 0:03:34.760 --> 0:03:37.280 something that Donald Trump himself has been railing against. And 0:03:37.320 --> 0:03:39.160 so the Canadian government has had to dump it to 0:03:39.600 --> 0:03:40.920 start their trade negotiation. 0:03:41.080 --> 0:03:42.840 So who knows what's. 0:03:42.600 --> 0:03:44.920 Going to happen in the Australian case, but I must 0:03:44.920 --> 0:03:47.160 say it's probably something the US is going to balk 0:03:47.200 --> 0:03:51.400 at when we start our trade negotiations with the US 0:03:51.480 --> 0:03:52.080 as well. 0:03:52.520 --> 0:03:54.800 So that's just what this watched this space. 0:03:54.840 --> 0:03:55.000 I mean. 0:03:55.400 --> 0:03:57.720 The other issue I think worth mentioning on this is 0:03:57.720 --> 0:04:00.400 is the Australian publishers have to be careful they wish 0:04:00.400 --> 0:04:02.160 for is if they do insist on this that if 0:04:02.160 --> 0:04:04.080 the government, of course insists on this, it may well 0:04:04.080 --> 0:04:06.200 be the case that Facebook and Google just decided to 0:04:06.200 --> 0:04:10.600 block to block Australian news entirely which of course they 0:04:10.600 --> 0:04:11.400 could technically do. 0:04:11.960 --> 0:04:14.480 So it's a very fraught area. So you know, I 0:04:14.520 --> 0:04:15.040 think I think. 0:04:14.880 --> 0:04:18.240 We're all for good quality journalism, and like I said, 0:04:18.240 --> 0:04:19.640 I'm very sympathetic to those payments. 0:04:19.680 --> 0:04:20.839 It's just going to be you know, I. 0:04:20.839 --> 0:04:24.480 Would say, probably hard to keep them. 0:04:24.839 --> 0:04:27.159 Yeah, fair enough, And it will be interesting to see 0:04:27.200 --> 0:04:30.680 that in those trade negotiations, what makes it through and 0:04:30.760 --> 0:04:33.120 what goes out in the wash Chalmers and albin Esi, 0:04:33.200 --> 0:04:36.320 they've already kicked off a conversation about tax reform. 0:04:36.360 --> 0:04:38.640 More broadly, I'm not sure. 0:04:38.480 --> 0:04:40.880 They can put that genie back in the bottle, and 0:04:40.920 --> 0:04:44.919 there's conversations about a number of things, including potential changes 0:04:44.920 --> 0:04:45.720 to the GST. 0:04:46.000 --> 0:04:47.000 What are your thoughts on this. 0:04:49.400 --> 0:04:51.520 Well, just more broadlyyond tax reform. You think that a 0:04:51.560 --> 0:04:53.760 second term government would have some idea what it's doing, 0:04:53.800 --> 0:04:55.840 but they don't really seem to in this regard. They 0:04:55.839 --> 0:04:57.560 don't seem to have a clear path. I know that 0:04:57.600 --> 0:05:01.839 there's this so called activity round table coming up. You 0:05:01.839 --> 0:05:03.680 know we've had you know, we've had dozens of those 0:05:03.680 --> 0:05:06.919 over the years. Look, the GST has always talked about 0:05:07.720 --> 0:05:10.159 you know, most economists say we should increase the rate 0:05:10.560 --> 0:05:12.919 I'm you know, I'm firmly against that, because once you 0:05:12.960 --> 0:05:14.680 increase the rate of the GST, it just has a 0:05:14.680 --> 0:05:16.760 tendency to go up and up again. 0:05:16.800 --> 0:05:18.760 I mean, these these gsts, these. 0:05:18.680 --> 0:05:21.000 Vats were introduced in Europe in the fifties and sixties, 0:05:21.000 --> 0:05:22.840 and they started out at low rates, and of course 0:05:23.120 --> 0:05:25.320 you know now they are at twenty percent in some cases, 0:05:25.360 --> 0:05:27.039 or even more I think in some countries, and I 0:05:27.080 --> 0:05:28.320 fear that's what would happen here. 0:05:28.680 --> 0:05:32.599 They are a very efficient way to raise money GST gsts. 0:05:32.640 --> 0:05:34.640 They're very sneaky, if you like, because you don't know 0:05:34.680 --> 0:05:36.839 you're paying tax when you go shopping. Of course you know, 0:05:36.880 --> 0:05:39.400 you theoretically know you are, but you don't actually feel 0:05:39.440 --> 0:05:41.760 like you're paying tax. And that's why they are such 0:05:41.760 --> 0:05:43.839 a clever way to raise money. And I worry about it, 0:05:44.000 --> 0:05:46.200 you know, as someone who supports a smaller government, I 0:05:46.200 --> 0:05:49.719 don't like highly efficient ways necessarily or sneaky ways to 0:05:49.839 --> 0:05:52.360 raise money. I mean, I am more partial if they 0:05:52.480 --> 0:05:55.560 actually change it to broadening the base and not changing 0:05:55.560 --> 0:05:57.520 the rate, But I would only support that if every 0:05:57.560 --> 0:06:00.960 single extra dollar was used to cut income tax. And sadly, 0:06:01.080 --> 0:06:03.280 I don't think that this sort of government would do that. 0:06:03.400 --> 0:06:05.640 You know, they have a spending problem ultimately, and they 0:06:05.680 --> 0:06:08.320 need more revenue. That's you know, that's the big problem. 0:06:08.360 --> 0:06:10.159 I mean, I think, as Peter Costello said just recently, 0:06:10.160 --> 0:06:12.120 we don't really have a taxation problem. We have a 0:06:12.160 --> 0:06:16.080 spending problem. It's growing far too fast and even faster. 0:06:15.800 --> 0:06:17.479 Than braphit creep. So they need to get hold of 0:06:17.480 --> 0:06:18.279 that first. 0:06:20.279 --> 0:06:20.479 Look. 0:06:20.480 --> 0:06:24.080 And I have some sympathy for broadening the base run 0:06:24.160 --> 0:06:26.680 my own business and you know those conversations about what 0:06:26.800 --> 0:06:29.760 does and doesn't attract GST and whatever. I like the 0:06:29.800 --> 0:06:31.640 idea of broadening the base from the point that it 0:06:31.640 --> 0:06:36.640 would simplify it. But your exit point, right, if the 0:06:36.680 --> 0:06:39.800 money is not going to be spent, well, then you 0:06:39.839 --> 0:06:42.400 know we need to have another conversation, which is the 0:06:42.440 --> 0:06:45.880 spending conversation. Now over to the UK and this from 0:06:45.960 --> 0:06:48.400 the glaston Brief Music Festival over the. 0:06:48.400 --> 0:06:53.200 Weekend, theft to the id F, to the i F 0:06:54.120 --> 0:06:54.960 to the id F. 0:06:57.440 --> 0:07:00.719 Now UK political commentator Samara Girl I think she summed 0:07:00.760 --> 0:07:03.799 it up perfectly with this post on X Nothing says 0:07:03.920 --> 0:07:07.680 revolution like chanting death to the IDF. Between Tofu wraps 0:07:07.680 --> 0:07:11.360 and mindfulness sessions no, don't jail the Glastow lot. 0:07:11.680 --> 0:07:12.320 Just swap the. 0:07:12.280 --> 0:07:14.920 Pyramid stage for Gaza and see how long the moral 0:07:15.040 --> 0:07:18.880 clarity lasts. Now, the organizers of the festival have condemned 0:07:18.920 --> 0:07:23.160 the chant, but Adam, it's pretty horrifying. I'm horrified, but 0:07:23.360 --> 0:07:26.320 not entirely surprised given what we've seen. Do you remember 0:07:26.360 --> 0:07:29.000 when people at music festivals used to call for peace? 0:07:29.720 --> 0:07:32.320 Yes, yes, certainly. 0:07:32.400 --> 0:07:35.440 Look, these festivals have just become a forum for you know, 0:07:35.480 --> 0:07:38.000 whatever the latest elite fat is, and in this case, 0:07:38.040 --> 0:07:41.120 it's you know, chanting your stupid idiotic slogans like that. 0:07:42.040 --> 0:07:44.360 You know, I think basically going to reach the point. 0:07:44.360 --> 0:07:47.000 I know that BBC copped a lot of flak for 0:07:47.160 --> 0:07:49.520 broadcasting that nonsense. They're going to have to have a 0:07:49.560 --> 0:07:51.960 ten to fifteen second delay I think on their on 0:07:52.000 --> 0:07:54.480 their transmission so they can simply block it because that 0:07:54.600 --> 0:07:56.640 is a form of incitement. Obviously, you know, it has 0:07:56.680 --> 0:07:59.480 no place at a music festival. It's it's pathetic and 0:07:59.600 --> 0:08:02.000 Charlie and let's hope we don't see much more of it, 0:08:02.040 --> 0:08:03.400 but I'm sure, but I'm sure we will. 0:08:05.600 --> 0:08:07.920 I think we will too. Very unfortunately. 0:08:08.200 --> 0:08:10.040 Still on the Middle East, conflict in the idea of 0:08:10.080 --> 0:08:13.400 US claim that it's eliminated one of the Hamas honchos 0:08:13.480 --> 0:08:15.120 Ha kar Mahammad Issa Alissa. 0:08:15.600 --> 0:08:16.080 How big a. 0:08:16.080 --> 0:08:20.680 Deal is this, Well, look, I think a reasonably big deal. 0:08:20.720 --> 0:08:22.160 I mean the first point I thought here, it's just, 0:08:22.400 --> 0:08:25.240 you know, the skill of the Israeli defense forces to 0:08:24.960 --> 0:08:27.440 you just snipe off all of these terrorist leaders has 0:08:27.520 --> 0:08:30.000 been very impressive, whether it's in Gaza or e Lebanon 0:08:30.680 --> 0:08:33.680 or in Iran more recently. So you know, full credit 0:08:33.720 --> 0:08:35.480 to them for doing that. And look, if it brings 0:08:35.520 --> 0:08:37.760 us closer to peace in the Middle East, that's a 0:08:37.800 --> 0:08:38.240 good thing. 0:08:38.400 --> 0:08:40.200 You know. One less terrorist, I think is a very 0:08:40.240 --> 0:08:41.280 good thing. You know. 0:08:41.360 --> 0:08:43.400 My fear is that they'll just promote someone else into 0:08:43.440 --> 0:08:47.240 these positions, because you know, there are a lot of crazy, 0:08:47.240 --> 0:08:50.760 impassioned people on you know, especially on that side. So 0:08:51.559 --> 0:08:53.800 let's hope that it does bring the region to peace. 0:08:53.880 --> 0:08:55.640 But I am skeptical about that as well. 0:08:57.880 --> 0:08:58.240 Adam. 0:08:58.280 --> 0:09:00.480 I think, you know, you can always put another person 0:09:00.520 --> 0:09:03.000 into that position. But I think corporate knowledge is just 0:09:03.040 --> 0:09:06.320 as important for terrorist organizations as it is for any 0:09:06.360 --> 0:09:08.440 other business or organization. 0:09:08.559 --> 0:09:11.200 So let's hope it at the very least slows them 0:09:11.240 --> 0:09:11.959 down a little bit. 0:09:12.320 --> 0:09:14.800 Now, on Friday, the sm P five hundred hit a 0:09:14.920 --> 0:09:18.640 record high. What's driving this and is this sustainable or 0:09:18.679 --> 0:09:19.960 are we getting towards the top? 0:09:22.200 --> 0:09:24.559 Well, look, I would say it's not entirely sustainable. You 0:09:24.559 --> 0:09:26.520 always have to be very wary when the stock markets 0:09:26.559 --> 0:09:28.559 are at record pigs. I'm old enough to remember back 0:09:28.559 --> 0:09:31.000 in the early two thousands the dot com boom and 0:09:31.040 --> 0:09:33.800 then of course the dot com bust where markets fell 0:09:33.800 --> 0:09:36.440 a good twenty five twenty five percent in a few months. 0:09:37.520 --> 0:09:38.560 In most economists and. 0:09:38.600 --> 0:09:41.400 Financial experts would say that these these levels in the 0:09:41.440 --> 0:09:44.600 markets are not sustained by fundamentals. It's all driven ultimately 0:09:45.480 --> 0:09:48.679 by the so called fang stocks, the tech stocks, you know, 0:09:48.720 --> 0:09:51.320 and the chip stocks, I might add in video they're 0:09:51.360 --> 0:09:54.400 training at extraordinary multiples. There is a lot of optimism now. 0:09:54.440 --> 0:09:56.480 And look full credit to Trumpet. You know, he was 0:09:56.520 --> 0:09:59.800 criticized for his you know, his tariffs. Everyone was saying 0:09:59.800 --> 0:10:01.920 there's to be high inflation, there was going to be recession. 0:10:01.960 --> 0:10:03.480 That has not happened at all yet. 0:10:03.520 --> 0:10:06.640 Look at good still, but certainly the forecast from earlier 0:10:06.640 --> 0:10:08.240 this year about high rates of inflation. 0:10:08.320 --> 0:10:10.720 Now falling stock markets. They have not come true at all. 0:10:10.800 --> 0:10:14.120 So so Trump has been proved right once again, I 0:10:14.160 --> 0:10:17.360 would say on this. So let's hope, you know, he 0:10:17.440 --> 0:10:19.400 continues to be right, because of course it's much better 0:10:19.440 --> 0:10:20.400 to have a high market than. 0:10:20.280 --> 0:10:20.880 A low market. 0:10:23.240 --> 0:10:26.160 Yeah, just yesterday Australia received a shot over the bow 0:10:26.240 --> 0:10:29.880 from the Chinese ambassador to Australia arguing against us increasing 0:10:29.920 --> 0:10:31.200 our defense spending. 0:10:31.760 --> 0:10:34.640 Well isn't that just enough in itself to encourage us 0:10:34.640 --> 0:10:35.040 to do it? 0:10:37.160 --> 0:10:39.520 Well, look, clearly, of course, you know, China does not 0:10:39.640 --> 0:10:42.080 want us to increase our defense spending, and that's the 0:10:42.120 --> 0:10:44.160 aim I think of the Chinese ambassador's letter in the 0:10:44.200 --> 0:10:48.640 Australian his remarks there, because if we increase our defense 0:10:48.640 --> 0:10:50.320 spending then they're probably going to have to spend more 0:10:50.360 --> 0:10:51.800 on their as well, and they don't really want to 0:10:51.800 --> 0:10:54.800 do that. So there's a bit of brinkmanship on both sides. 0:10:54.840 --> 0:10:56.959 I do feel sorry for Albo here, the Prime Minister, 0:10:57.000 --> 0:11:00.320 I should say, anth the Alberinezi, because you know he's 0:11:00.400 --> 0:11:02.280 yet to have his meeting with Trump. He still hasn't 0:11:02.280 --> 0:11:05.080 got that meeting, which is rather embarrassing. But of course 0:11:05.120 --> 0:11:07.840 the Chinese are our biggest customer. You know, without them, 0:11:07.920 --> 0:11:09.479 you know, we'd have probably. 0:11:09.240 --> 0:11:11.200 A dollar in the worth forty cents. 0:11:11.640 --> 0:11:14.600 So so it's a difficult position for Australia. Certainly, I 0:11:14.600 --> 0:11:17.560 think that they should lift defense spending here. 0:11:17.679 --> 0:11:18.720 We don't spend enough. 0:11:18.880 --> 0:11:22.120 And you know, regardless of whether you agree with US 0:11:22.160 --> 0:11:25.160 calls to for Australia to increase their defense spending, we 0:11:25.200 --> 0:11:27.360 simply don't don't spend enough. We have a small population, 0:11:27.440 --> 0:11:29.839 a huge continent, and you know, we barely have two 0:11:29.920 --> 0:11:33.199 or three submarines that actually function, let alone an air force. 0:11:34.120 --> 0:11:36.600 So we need to spend a lot more. The IPA 0:11:36.679 --> 0:11:39.960 has come out with figure I think three percent. You know, 0:11:40.000 --> 0:11:42.920 the exact the exact financial figure is of course hard 0:11:42.920 --> 0:11:44.199 to pick, but we certainly needed. 0:11:44.640 --> 0:11:46.600 We need a lot more capability than we currently have. 0:11:48.559 --> 0:11:50.840 And I think that's the issue. It's what's the value 0:11:50.880 --> 0:11:53.880 for the spend. Right, you can spend three percent, but 0:11:53.960 --> 0:11:56.640 if you're not building what you absolutely need, then it 0:11:56.679 --> 0:11:57.920 actually really doesn't matter. 0:11:58.280 --> 0:12:00.600 And just last, oh, yes, problem I finish. 0:12:00.920 --> 0:12:03.000 Sorry, Sorry, no, I was just going to say the 0:12:03.040 --> 0:12:05.280 problem is when you specify a figure. Of course, the 0:12:05.320 --> 0:12:08.200 defense contractors can just with their prices per unit, so 0:12:08.400 --> 0:12:10.280 you don't actually get much more, you just sped more. 0:12:11.760 --> 0:12:13.319 Yeah, well that's exactly the point. 0:12:13.440 --> 0:12:16.960 And just lastly, and our peding the AFR about malaise 0:12:17.040 --> 0:12:20.760 approaching economic approach in Argentina label him as. 0:12:20.800 --> 0:12:21.840 Going for broke. 0:12:22.160 --> 0:12:25.960 Now, look, he's pretty unconventional, but is going for broke working? 0:12:28.120 --> 0:12:29.720 Well, yes, I think it is so far. I mean, 0:12:29.760 --> 0:12:31.800 of course, there are some teething problems. It's been a 0:12:32.240 --> 0:12:34.720 a huge bang set of reforms over there, but I 0:12:34.720 --> 0:12:36.480 think the signs are very good so far. I mean 0:12:36.520 --> 0:12:38.760 the rental market for incis, there's been big falls in rents, 0:12:38.800 --> 0:12:41.520 big creases in housing supply because he's got rid of 0:12:41.559 --> 0:12:43.480 a lot of regulations. I mean, the whole point there 0:12:43.520 --> 0:12:46.040 is to tear up red tape, to tear up green tape, 0:12:46.040 --> 0:12:47.439 and that's what he's been doing. I mean, of course, 0:12:47.480 --> 0:12:50.280 there's the famous picture of him with the chainsaw that 0:12:50.400 --> 0:12:54.040 pretty much sums up his attitude to changes in regulations, 0:12:54.320 --> 0:12:56.559 and that's what that country needed. I mean, remember, at 0:12:56.559 --> 0:12:58.840 the turn of the century, last century, say nineteen hundred, 0:12:58.960 --> 0:13:01.480 Argentina and Australia the two richest countries in the world. 0:13:01.760 --> 0:13:05.520 And of course Argentina got very very poor, and it's 0:13:05.520 --> 0:13:07.880 still very very poor now, but that it is turning 0:13:07.920 --> 0:13:11.320 the corner and if anything, we should be inspired by him. 0:13:11.400 --> 0:13:13.600 And you know, we need our own Mille here in Australia. 0:13:13.640 --> 0:13:17.040 I think otherwise we risk the same fate that befell 0:13:17.160 --> 0:13:18.320 Argentina last century. 0:13:20.280 --> 0:13:22.480 Well, there's definitely a world of warning that maybe a 0:13:22.520 --> 0:13:25.480 little less regulation can go an awful long way. Thank 0:13:25.520 --> 0:13:27.559 you so much, Adam Crichton for your insights. 0:13:27.920 --> 0:13:28.960 Thanks very much for having me. 0:13:30.040 --> 0:13:33.520 Joining me now is Liberal Senator Alex Antique. Alex, I 0:13:33.559 --> 0:13:36.920 feel like we've come off peak. Welcome to country. Even 0:13:37.000 --> 0:13:40.600 Quantus is subjecting us to a more truncated version in 0:13:40.679 --> 0:13:43.560 recent months. You were one of the early objectives to 0:13:43.600 --> 0:13:46.959 the practice. But gosh, we've seen a few recent examples 0:13:46.960 --> 0:13:47.800 of some pushback. 0:13:47.840 --> 0:13:51.240 Haven We Yeah, look, Carolyn, we have, and I mean 0:13:51.280 --> 0:13:53.640 it's not particularly surprising. I think the only thing that's 0:13:53.679 --> 0:13:57.400 surprising is that politics in our institutions take so long 0:13:57.520 --> 0:14:00.280 catch up to what real Australians are thinking. Been the 0:14:00.280 --> 0:14:02.200 thing that's been most stark for me. I mean, we 0:14:03.400 --> 0:14:04.800 had a bit a noise about this in the Senate 0:14:04.880 --> 0:14:07.680 chamber two years ago, and I've never seen anything explode 0:14:07.800 --> 0:14:10.480 in the world of social media more to be quite honest, 0:14:10.520 --> 0:14:12.920 I mean, it was clearly touching a nerve to suggest 0:14:12.960 --> 0:14:15.040 that we don't need to be welcome to our own country. 0:14:15.440 --> 0:14:16.800 And I think he's a sick of it, you know. 0:14:16.800 --> 0:14:20.920 I think whatever the original intent of this was, you know, 0:14:21.200 --> 0:14:24.480 it's been lost and it now feels quite performative and 0:14:24.720 --> 0:14:25.960 almost quite forced. 0:14:26.080 --> 0:14:26.200 You know. 0:14:26.200 --> 0:14:28.040 It feels almost like it's being used. 0:14:27.840 --> 0:14:30.560 Now as a way of telling people that they're not 0:14:30.880 --> 0:14:34.800 on their own land, that they are effectively guests on 0:14:34.840 --> 0:14:36.720 their own land. And I mean it's not hard to 0:14:36.760 --> 0:14:40.560 imagine why that would rile people up, you know. I 0:14:40.600 --> 0:14:45.240 think unfortunately politics doesn't always see these things quickly. We 0:14:45.280 --> 0:14:47.480 saw that with the Voice. It was very clear Australians 0:14:47.480 --> 0:14:49.640 didn't want the Voice. It was very clear it was 0:14:49.640 --> 0:14:54.400 another form of division, and yet it took until the 0:14:54.400 --> 0:14:56.840 October period where we actually learned that that was the 0:14:56.880 --> 0:14:59.840 case in a secret ballot. So I think we're seeing 0:14:59.840 --> 0:15:02.360 this with Welcome the Country. I was actually on an 0:15:02.440 --> 0:15:04.040 airline the other day. They didn't do it at all, 0:15:04.120 --> 0:15:06.400 and it sort of stuck out because I was so 0:15:06.560 --> 0:15:08.680 used to hearing it. When the plane lands. You know, 0:15:08.720 --> 0:15:11.480 we thank the traditional owners and so forth, and they 0:15:11.480 --> 0:15:13.560 didn't do it. So look, I think we are. My 0:15:13.960 --> 0:15:16.880 point about this, though, would be that the activist left 0:15:17.240 --> 0:15:19.560 who push this, and they push it into our boardrooms, 0:15:19.560 --> 0:15:22.280 into our schools, they will come up with something else. 0:15:22.360 --> 0:15:25.480 So the interest for me now is understanding what it is, 0:15:25.520 --> 0:15:29.040 which vehicle they'll hijack next in order to properly push 0:15:29.040 --> 0:15:32.960 the grievance industry. And if so, let's find out what 0:15:33.000 --> 0:15:34.840 it is earlily so that we can call it out. 0:15:34.720 --> 0:15:36.800 Early and not have to endure years and years of 0:15:36.800 --> 0:15:39.000 it like we have we Welcome the Country ceremonies. 0:15:40.480 --> 0:15:44.000 Yeah, fair enough, Senator Pauline Hanson, she's also long objected 0:15:44.040 --> 0:15:48.000 to Welcome to Country. She criticized Opposition leader Susan lay 0:15:48.040 --> 0:15:49.920 for her acknowledgment at Press Club. 0:15:49.960 --> 0:15:50.600 Have Listened. 0:15:50.720 --> 0:15:54.600 I was disgusted, absolutely disgusted with it because the Liberals, 0:15:54.640 --> 0:15:57.600 you know they're getting, they're getting acknowledgments. They are the 0:15:57.600 --> 0:16:00.800 ones that actually opposed to Parliament. 0:16:01.080 --> 0:16:03.280 What a load of rubbish that is. Australians. 0:16:03.440 --> 0:16:06.240 I'll tell you out there, you are the ones. You 0:16:06.320 --> 0:16:08.720 are deciding your future and the future of this nation. 0:16:09.080 --> 0:16:11.720 If you want to put up with this rubbish, this crap, Well, 0:16:11.760 --> 0:16:12.480 then you are. 0:16:12.480 --> 0:16:15.520 To blame for it, Pauline Shai. 0:16:15.640 --> 0:16:18.080 As always, I suspect there will be varying views within 0:16:18.120 --> 0:16:21.480 the party room and that's pretty standard fair for the 0:16:21.560 --> 0:16:22.360 Liberal Party. 0:16:22.640 --> 0:16:25.240 But what's your view on how the Liberal should approach. 0:16:24.960 --> 0:16:28.360 These Well, I'm not sure there really is a position 0:16:28.440 --> 0:16:31.080 for the party per se. I mean, this is something 0:16:31.080 --> 0:16:34.000 that's done in the private sector and elsewhere. I mean 0:16:34.160 --> 0:16:36.400 I'm not comfortable with it appearing as often as it 0:16:36.440 --> 0:16:38.840 does in government ranks through the bureaucracy. I think that's 0:16:38.840 --> 0:16:42.520 something that could could be discussed as being removed. 0:16:42.520 --> 0:16:44.320 But I mean it's up to each individual person. 0:16:44.320 --> 0:16:47.240 Of course, there are divergence of views on the issue 0:16:47.240 --> 0:16:50.200 inside the party and that's completely fine. My own personal 0:16:50.280 --> 0:16:54.240 view is that I don't like it and I don't 0:16:54.280 --> 0:16:56.520 like seeing it as often as we do, and also 0:16:56.880 --> 0:16:59.240 I don't understand what it's actually doing for Aboriginal people. 0:16:59.240 --> 0:17:01.320 I want someone who blame to me how this helps 0:17:01.360 --> 0:17:04.280 and if it doesn't, then it's performative. And we always 0:17:04.280 --> 0:17:06.720 hear from the left how the right of politics only 0:17:06.760 --> 0:17:09.720 talks about the culture wars. Well, you know, you can't 0:17:09.760 --> 0:17:12.080 have it both ways. So you know this is really 0:17:12.080 --> 0:17:14.520 doing some good for Aboriginal people, then let's hear it. 0:17:14.640 --> 0:17:17.120 Let's find out how otherwise my preference is to stay 0:17:17.160 --> 0:17:17.679 away from it. 0:17:19.119 --> 0:17:19.920 Yeah, fair enough. 0:17:20.320 --> 0:17:22.159 And an interesting story in the e is about the 0:17:22.240 --> 0:17:25.000 king Makers in the Senate during the last parliament, how 0:17:25.040 --> 0:17:28.320 they plan to take on Labor this time around. You 0:17:28.400 --> 0:17:31.520 obviously sit in that chamber. What's their strategy and will 0:17:31.520 --> 0:17:33.440 it work well? 0:17:33.640 --> 0:17:35.520 I read the article that I read the comments, and 0:17:35.560 --> 0:17:38.119 I think that's just the real politic of it, in 0:17:38.119 --> 0:17:40.919 the sense that the last term, I think all of 0:17:40.920 --> 0:17:45.400 them were involved in pretty serious discussions with the government 0:17:45.440 --> 0:17:49.040 about the passage of legislation throughout the Senate chamber, and 0:17:49.200 --> 0:17:51.879 at one time or another may have held the balance 0:17:51.880 --> 0:17:52.280 of power. 0:17:52.320 --> 0:17:52.640