Politics live: Chalmers calls social media a ‘business model for hate’; half of young Australians say US a ‘threat’

Treasury Minister Jim Chalmers spoke at the Political Book of the Year awards in Canberra, attributing the toxicity in politics, including threats and abuse against politicians, to overheated discourse on social media. He presented social media as a business model for hate, describing a new form of digital misogyny targeting women in public life.

Chalmers highlighted that hate is monetized and weaponized by algorithmic rage-bait, incentivizing extremism while penalizing nuance. The most vulnerable public figures are the most affected, emphasizing the importance of reason, research, and nuance. Helen Haines, an Indi MP, is recovering in hospital after an alleged attack outside her electorate office.

A 43-year-old man has been charged over the incident. Liberal MP Andrew Hastie cautioned Australians about another potential interest rate rise due to inflation, which he called a "silent tax" eating away at wealth. He advocated for spending cuts and fiscal management to address the issue. Assistant Treasurer Daniel Mulino defended the government's response to inflation, emphasizing the need to strengthen the fiscal position and continue with productivity reforms.

He also noted that international affairs, such as the conflict in Iran, contribute to higher global energy prices and inflation. A YouGov survey commissioned by the Australia Institute revealed that only half of Australians see the US as a "friend," with 42% viewing it as a "threat." Young Australians are particularly concerned, with only 4% considering the US a "close friend."

Among other nations, Indonesia is viewed more favorably as a trusted partner than the US, with a 14% lead in the friend category.