Protection is the 'new competition'

He says neither Australia nor other like-minded nations implementing IRA-style schemes - such as the US, Canada, Korea, Japan and the European Union - were walking away from global markets or the rules-based order. "But we must recognise there is a new and widespread willingness to make economic interventions on the basis of national interest and national sovereignty," he will say. "Critically, none of this is merely being left to market forces or trusted to the invisible hand." Pillars of re-election The rebadging of new and existing policies under the new Act also aims to crystallise a political narrative going…