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