One Nation is capitalising on Australians’ economic pessimism like never before. Is a ‘stagflation impulse’ to blame?
One Nation is gaining political traction in Australia by leveraging voter frustration over economic stagnation and high housing costs. Analysts suggest the party is successfully capitalizing on a 'stagflation impulse' that mirrors economic anxieties from the 1970s.
Why it matters
It illustrates how economic instability and cost-of-living crises are fueling the rise of populist political movements in Western democracies.
One Nation’s surge in popularity will be tested in earnest at the next federal election. Photograph: Lukas Coch/AAP One Nation’s surge in popularity will be tested in earnest at the next federal election. Photograph: Lukas Coch/AAP Australian economy Analysis One Nation is capitalising on Australians’ economic pessimism like never before. Is a ‘stagflation impulse’ to blame? Jonathan Barrett By tying housing costs to immigration, Pauline Hanson promises a simple solution to a multilayered problem
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In the three decades since Pauline Hanson entered federal politics, Australia has experienced numerous bouts of voter frustration with the mainstream parties.
But it is only lately that the negative sentiment towards the majors has propelled One Nation to unprecedented polling numbers and delivered Hanson higher net approval ratings than the prime minister and opposition leader.
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