Economic booms and busts as extremes of the human condition
The Australian Moment: How We Were Made for These Times
by George Megalogenis
Hamish Hamilton, $32.95 pb, 352 pp, 9780670075218
In The Australian Moment: How We Were Made for These Times, George Megalogenis tries to explain how, in spite of ourselves, we managed to survive the last three ‘super crashes of the digital age’. He does so by actively avoiding the usual partisan morality tales, complete with intra-party rivalry, concerning which side of politics can take credit for our successes, blame for our failures, or which ego is the hero, which the villain. He manages this – a feat as miraculous as our economic and social strengths, if not more so – by examining our electoral cycles in relation to more fundamental economic cycles, and how both operate within Australia’s shifting demography and media landscape. This goes to the heart of why The Australian Moment is arguably the most important work on Australian economics and modern political history of our generation.