« Back to Publications

As the trickledown juggernaut rolls on, it’s time to rejuvenate the middle class

Former Treasurer Wayne Swan writes in The Guardian (16.12.16):

‘If the electoral landscape over 2016 has revealed anything, it’s the incredible potential energy that exists in western democracies. The polarisation of politics and the intensity of contemporary debate attest not so much to widespread apathy as to fulmination for genuine change, at both poles of the political spectrum. Victory will belong to the party which can best convert this ferment into kinetic energy.

‘In the United States and the United Kingdom, the harsh realities of right-wing populism are setting in. In Australia a narrowly re-elected Liberal prime minister once known for small ‘L’ liberal beliefs is behaving like a representative of the Republican Tea Party.

‘Progressive parties cannot afford to indulge in head-scratching and soul-searching while a viable, vibrant alternative to far-right populism exists. As I have written elsewhere, before the sound and fury of populism dies down, leaving a hollowed-out middle class, social democratic parties must seize the initiative and present a legitimate plan for policy change that works in the interest of the many, not just the few. For as long as the trickledown juggernaut rolls on, capitulation is not an option.’

The TJRyan Foundation does not guarantee the accuracy, currency or completeness of any information or material available on this website. The TJRyan Foundation reserves the right to change information or material on this website at any time without notice. Links from this site to external, non-TJRyan Foundation websites should not be construed as implying any relationship with and/or endorsement of the external site or its content by the TJR Foundation, nor any commercial relationship with the owners of any external site. Should any TJRyan research project be funded by an individual or organisation the source of funding will be stated beside the research report. In all other cases contributions are provided on a pro bono basis.
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles

This field is for validation purposes and should be left unchanged.