The first cracks in the façade of neoliberalism

The first cracks in the façade of neoliberalism are emerging in Australian politics, as Andrew Hastie breaks ranks to criticise an economic model driving inequality, stagnant wages, and Australia’s worsening housing crisis. In this episode, we examine why this rare intervention from within the Liberal Party matters, how it reflects growing public frustration with free-market economics, and why Angus Taylor moved quickly to shut down the debate – highlighting the deep entrenchment of neoliberal policy across both major parties, including Labor. We explore the broader implications for economic reform, Australia’s alliance with the United States, and criticism of Donald Trump, alongside shifting global power dynamics from John Curtin to the rise of China and blocs like BRICS. As Australia faces declining manufacturing and structural inequality, this episode asks whether neoliberalism is finally unravelling and what it means for Australia’s economic future, political leadership, and role in a changing global order. Support New Politics: Patreon: Substack: Song listing: ‘La Femme d’Argent’, AIR.

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The first cracks in the façade of neoliberalism is an episode from New Politics: Australian Politics by New Politics.

This episode is 13:06 long.

This episode was published on Apr 6, 2026.

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