Read Henry Ergas in Today's The Australian

If you have not yet done so, do please read Henry Ergas in today’s The Australian.

I can’t repost the whole piece, but his second last paragraph particularly stood out for me:

But that is not the worst of it. The real problem is that the governing elites themselves have lost their commitment to the legitimacy of inherited authority. Having forgotten how to compromise without being compromised, they are no longer capable of distinguishing the bartering of interests from the jettisoning of principles.

Read it.