![Macro Voices show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/095/754/small/macro-voices.png)
Summary: Juliette Declercq believes the surprise outcome of the Australian elections is an important signal as the global populist movement calls for more socialism, yet Australia’s Labor Party was defeated in a surprise ‘upset’ election. Juliette examines the costs of socialism and concludes that deficit spending can continue indefinitely, until inflation re-emerges as a macro risk.