Brent points out that IEA did the same, flipping from UK Tories to Reform. This is not a coincidence or just a parallel. Both are components of the Atlas Network that have driven societies off cliffs since they fostered Pinochet, Reagan, Thatcher. Read Hayek’s Bastards 💡
A break-up note, quietly published in the AFR…
“Sorry, but I’ve found someone new.”
The fact that the IPA is now backing One Nation, and de-legitimising the Liberals, is significant.
The IPA was founded to assist with the establishment of the Liberal Party.
- It had a seat at the table when the party was forming.
- It wrote the Menzies’ early policy platforms.
- Director CD Kemp (who founded the IPA alongside the Murdochs, Coles, and BHP) left papers from this era that became the official history of the Liberal Party.
- The IPA became an intergenerational power base. Kemp’s two sons were Liberal ex-Ministers.
- The IPA-to-MP pipeline delivered Tim Wilson, John Pesutto, James Paterson and many more.
Now, allies are abandoning ship – not leaping into a void, but abandoning the IPA’s historic free-market ideals and Liberal Party links to chase shifting institutional power.
We can debate whether it’s driven by a desire to maintain relevance, or capture by Rinehart (who bankrolls both One Nation and the IPA) – but the cause is irrelevant and the outcome is the same.
Once the IPA has legitimised One Nation as “mainstream” and de-legitimised the Liberals as implicitly fringe, there’s no going back.
(In the UK, the same story: The Institute of Economic Affairs, a stalwart Tory ally, helped undermine the Tories and drive Reform.)
The IPA has picked a side, and sorry Liberals: it ain’t you.
They’ve run off with some redhead girl from Ipswich, and are going to spend the next few years stringing you along.