I have just finished reading the most recent issue of Quarterly Essay. The piece by George Megalogenis entitled “Balancing act: Australia between recession and renewal”, takes 25,000 words to tell us what is wrong with our country – most notably in the area of what some might call our political economy. Restarting Australia’s economic engine is but one aspect of what is a worldwide crisis. Megalogenis says: “The debate we have to have is on the role of g…
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