Far East Capital Newsletter
Australia runs the risk of slipping back to the labour versus capital political era
18 Mar 2019

In This Issue


Australia runs the risk of slipping back to the labour versus capital political era

This week the commentary is shorter and not stock specific due to my absence on a marketing trip for FGR, in New York and London. FGR shareholders might be interested to learn that the responses from New York have been particularly positive. They have been impressed by what has been achieved over the last three year and are excited to see we are on the cusp of commercial sales volumes (as opposed to samples). London? Well, they are still strangling themselves with their knickers over the Brexit debacle.

... I observe Bill Shorten heading down the path of capital versus labour that was the focal point of politics for much on the 20th Century. It is ironic that it was the Labor governments of Bob Hawke and Paul Keating that finally expunged this ideology from the Australian political scene. It looks like we are about to go back in history.

Who could believe that we are going back to the path of failure? Unfortunately there are many younger voters who didn’t experience the failures of a system that became patently obvious in the 1960s and 1970s in particular. They are easy pray for the rhetoric of Labor today. If only they knew what we know. 

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