The Australian Moment

The Australian Moment

George Megalogenis

There's no higher position to be in the course of financial turbulence than Australia. great in a bust, we've learnt to exploit our brains in a increase. regardless of a lingering lack of ability to recognize our achievements at domestic, the remainder of the area asks: how did we get it right?

George Megalogenis, one in all our most dear political and financial writers, stories the main occasions because the Seventies that experience cast institutional and political management and a canny population. He examines how we constructed from a closed financial system racked via the oil shocks, toughed it out throughout the occasionally devastating turning out to be pains of deregulation, and survived the Asian monetary concern, the dotcom tech destroy and the GFC to develop into the final built state status within the 2000s. accordingly, no matter what occurs subsequent, we're to boot located as any to outlive the continuing rumblings of the nice Recession.

Drawing on newly declassified files, clean interviews with our former best ministers and a special skill to deliver the numbers to lifestyles, Megalogenis describes how, at simply the fitting time, the Australian humans grew to become extra farsighted than our flesh pressers. We stopped spending earlier than the remainder of the area, and on the most sensible of a growth voted out a central authority that used to be throwing round the greatest bribes ever provided.

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