States. Whitlam took responsibilities from the states. Howard took more. Abbott is shoving them back. If they want to maintain their hospitals and schools in the future they will have to do it themselves. He will lift grants to hospitals only in line the consumer price index and population even though medical costs are rising rapidly. All he will offer them is the ‘opportunity’ to lift the GST. White papers on both the federation and the tax system are due before the election. If they take the opportunity to lift the GST schools and hospitals will become their problem from then on, not the Commonwealth’s.

The Commission of Audit recommends much the same thing for minimum wages. They would increase by CPI minus 1 per cent for the next 10 years after which they would settle at a new permanently lower level relative to other wages.

Whether or not you think that’s a good idea (I do, I can’t see why pensions should have had first call on the proceeds of economic growth) you would have to agree that it’s farsighted. It’ll change society in the long term rather than right now. It’s also far reaching. It’s difficult to imagine a new government rolling it back. A new government would face its own budget pressures and would have other priorities. CPI adjustment would become the norm.

Pensions. Whitlam announced that pensions would climb until they hit 25 per cent of average male earnings . Abbott has announced that they will fall relative to male earnings without limit, being indexed only by the consumer price index from 2017.

If you doubt that he is governing for the long term rather than the electoral cycle, consider the timing. Almost all his measures build up slowly, beginning to have an effect at or just beyond the next election.

Medicare. Whitlam made it easy for doctors and medical providers to provide services without charge. His successor Malcolm Fraser undid Medibank and his successor Bob Hawke reinstated it as Medicare. With one brief exception, the option of free medical care has been sacrosanct ever since, until now. Once fees are in and the reward for waiving them is removed it’ll be hard to go back.

Universities. For as far back as anyone can remember bright students have been able to get into university for free. The method used to be the Commonwealth scholarship, then it was free education under Whitlam and after that a loans scheme under Hawke where the debt didn’t accumulate in real terms if you were unable to pay it off. Abbott’s proposals allow universities to charge what they like (up to an international ceiling) and require students to repay loans at a rate well above the rate of inflation. For students who move quickly into good jobs that won’t be a problem. For those who do not, the debt will build and build toward a crippling burden making university an unattractive financial option for people with poor financial prospects. Future governments will be unable to reverse the decision to charge a real interest rate because fees will be, by then, so expensive the cost will be prohibitive.

The only prime minister in living memory to have put forward such a far-sighted program is Labor's Gough Whitlam.

Financial advice. Independent advisers want to ban kickbacks and the misery they have caused. That’s what the previous government did and what would have come into force on July 1 had the Coalition not sneaked through regulations that will continue to allow kickbacks for “general advice” so long as the kickback is not solely for that purpose and so long as the adviser is affiliated with the institution handing over the money. It’ll allow “general advisers” to set up in competition with genuinely independent personal advisers stifling the best chance the industry ever had of turning professional. And the general advisers will win. The kickbacks will make their conflicted service cheaper.

Regulation. The Australian Securities and Investments Commission is about to lose 12 per cent of its budget. It will have to adopt a lower-cost model of catching corporate crooks notwithstanding a damning Senate report about how little it was able to do with the budget it had. Neither corporations nor charities are universally honest. Labor’s Charities and Not-for-profits Commission was the best chance Australia ever had of subjecting non-profit organisations to the same sort of scrutiny as companies. And the good ones loved it. It was a one-stop shop. If it is abolished as Abbott intends, it will be hard to restore.