Balancing act : Australia between recession and renewal

Resource Information

The work Balancing act : Australia between recession and renewal represents a distinct intellectual or artistic creation found in Randwick City Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

Balancing act : Australia between recession and renewal

Title remainder

Australia between recession and renewal

Statement of responsibility

George Megalogenis

Title variation

QE 61 2016

Creator

• Megalogenis, George

Author

• Megalogenis, George

Subject

• Business cycles -- Australia
• Monetary policy -- Australia
• Recessions -- Australia
• Australia -- Economic conditions
• Australia -- Politics and government

Language

eng

Summary

In this urgent essay, George Megalogenis argues that Australia risks becoming globalisation's next and most unnecessary victim. The next shock, whenever it comes, will find us with our economic guard down, and a political system that has shredded its authority. Megalogenis outlines the challenge for Malcolm Turnbull and his government. Our tax system is unfair and we have failed to invest in infrastructure and education. Both sides of politics are clinging defensively to an old model because it tells them a reassuring story of Australian success. But that model has been exhausted by capitalism's extended crisis and the end of the mining boom. Trusting to the market has left us with gridlocked cities, growing inequality and a corporate sector that feels no obligation to pay tax. It is time to redraw the line between market and state. Balancing Act is a passionate look at the politics of change and renewal, and a bold call for active government. It took World War II to provide the energy and focus for the reconstruction that laid the foundation for modern Australia. Will it take another crisis to prompt a new reconstruction? 'Australia is in transition. Saying it is easy. The panic kicks in when we are compelled to describe what the future might look like. There is no complacent middle to aim at. We will either catch the next wave of prosperity, or finally succumb to the Great Recession.' George Megalogenis, Balancing Act

Member of

• Quarterly essay, issue 61

Cataloging source

VHOB

Dewey number

338.542

Illustrations

illustrations

Literary form

non fiction

Series statement

Quarterly essay

Series volume

issue 61

Target audience

adult