The Labor government’s new policies for the Australian economy look like “old school crony capitalism,” says Shadow Treasurer Angus Taylor.
“It looks suspiciously like old school crony capitalism that we’ve seen from Labor Party in the past, this looks to me like a policy where Labor’s going to look after their mates and punish those who don’t do what they want,” Mr Taylor said during a press conference on Wednesday.
“If that’s what Jim Chalmers meant by remaking capitalism we should all be very, very scared because that is not the right thing for the Australian economy.”
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