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culturally homogenous group of privileged university students
This feels like a misread as we have very high rates of university completion in Australia amongst young people. I'm all for bringing in all types, but this is the type of insult you'd expect from a conservative rag whining about "inner-city elites" and not a Labor aligned think tank.
There is some threat of right-wing populism in any country (including Australia), and that economic issues shouldn't be ignored. Hopefully people have the sense to go to the Greens rather than fall for the obvious lies of the far-right.