Interest rates are now the highest they’ve been since Labor was last in office and inflation is at its highest level in 30 years, and all the Treasurer has done is write a 6,000 word essay on “redefining capitalism”.Interest rates are now the highest they’ve been since Labor was last in office and inflation is at its highest level in 30 years, and all the Treasurer has done is write a 6,000 word essay on “redefining capitalism”.