Alan Kohler: Labor must abandon the Stage 3 tax cuts. Big government must be funded

Central bank money printing is terrible for inequality. Governments will have to step up instead, writes Alan Kohler. Photo: TND/AAP

The anger in Australia over the behaviour of the natural gas cartel, described in infuriating detail this week by the ACCC, is another symptom of the growing global disillusionment with free markets.

The global energy crisis caused by the Russian invasion of Ukraine on top of the growing evidence of the impact of global warming is leading to more and more calls for much greater government intervention.