Full Story How to win a cost-of-living election
Jan 29, 2025
In this discussion, Jonathan Barrett, a Senior Business Reporter at Guardian Australia, dives into the political ramifications of rising inflation. He highlights how inflation drives voters to reject incumbent governments, with Mexico’s Morena party as a standout exception due to its focus on salary rises and price controls. Barrett critiques the Australian Labor party's strategies and examines successful global methods for combating cost-of-living crises, underscoring the urgency of effective housing policies amidst economic pressures.
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Inflation's Impact on Governments
- Incumbent governments worldwide have struggled during high inflation periods.
- Cost of living has become a dominant political issue, leading to voter frustration and anti-incumbent sentiment.
Mexico's Re-Election
- Mexico's Morena party defied the global trend, winning re-election despite high inflation.
- Their left-wing, socially conservative platform resonated with voters.
Policies for Cost of Living
- Implement minimum salary increases, direct cash transfers, and labor reforms to address cost of living.
- Consider price controls on essential groceries through negotiations with producers and grocers.