I love this story

Further to my earlier post here today, there's this from from Larvatus Prodeo:

Turnbull to found a new party?I mentioned in my previous post that a lot of speculation has now turned to Malcolm Turnbull’s intentions should he lose the leadership tomorrow.

I also linked to the thoughts of Christopher Joye of Business Spectator. This paragraph is particularly interesting:

Perhaps following this fracas the big fella will throw caution to the wind and found his own political party…I am thinking of the Australian Republican Party with an unconditional commitment to combating climate change and reinvigorating the dormant republican movement. Now that would be sure to split the Liberal Party vote.

While we shouldn’t get carried away and underestimate the barriers any new party faces in the Australian political system (or the powerful forces of inertia and ambition which work against individual MPs and Senators splitting from the Libs), this prospect is being taken seriously, I’m informed by a number of sources this morning.

Given the difficulties that the Liberals have had in unifying their disparate bases (and as I’ve commented previously, the problems Labor might potentially have as well with its soft liberal constituency), such a development, if seriously pursued, would have the potential to be something of a game changer. And Malcolm Turnbull could certainly fund a social and economically liberal party out of his own resources, at least for one election campaign.

I’m told there may be more coming out on this later in the week.