Mimicking populists will not ease cost of living or boost productivity, Mathias Cormann warns
Former Australian finance minister Mathias Cormann is warning mainstream political parties against adopting populist policies like migration caps to address cost-of-living concerns. He argues that such strategies fail to solve economic issues and ultimately weaken the parties that employ them.
Why it matters
This highlights the ongoing tension between populist political movements and traditional economic policy in Western democracies.
Mathias Cormann, pictured in 2022, will deliver a speech warning against the dangers of populism at the Centre for Independent Studies on Saturday night./Getty Images Mathias Cormann, pictured in 2022, will deliver a speech warning against the dangers of populism at the Centre for Independent Studies on Saturday night./Getty Images Cost of living crisis Mimicking populists will not ease cost of living or boost productivity, Mathias Cormann warns Former minister and OECD head urges Australia not to adopt migration caps, with research showing migrants boost employment
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Prefer the Guardian on Google Australia’s mainstream political parties are being warned not to adopt populist policies such as migration caps to address voters’ grievances over the cost of living.
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