6.5K views · 41 reactions | Analysis: Ten years on, could the GFC...
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The GFC matters today because it isn’t just a debate about Australia, or one crisis, and most importantly it’s not just ten years old. It’s a debate that goes back 80 years to the Great Depression and the publication of Keynes’s General Theory – a debate about what role government should play in the economy. Keynes’s book famously foreshadowed the post-World War II welfare state, which for more than three decades underwrote the Golden Age of capitalism, before it succumbed to the trickle-down pr
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