Could The Global Financial Crisis Happen Again?

featuring Ebony Bennett

Share

Ten years ago, on September 15th 2008 the US investment bank – Lehman brothers collapsed – triggering panic on financial markets around the world and the start of what we in Australia call the Global Financial crisis.

So what lessons were learnt? How appropriate was Australia’s response? What is the political legacy of the GFC? And can it happen again?

At the Australia Institute, we have been helping start a new conversation about what we can learn from the past and what we must do in the future.

As part of this program we recently organised a special National Press Cub address last month and this episode is an edited version of the address featuring Wayne Swan, Lenore Taylor and John Edwards.

Host: Ebony Bennett, Deputy Director at The Australia Institute // @ebony_bennett

Contributors: 
Wayne Swan, 2008 Treasurer, 2018 ALP President, Member for Lilley // @SwannyQLD

Lenore Taylor, Editor of Guardian Australia, co-author of Shitstorm: Inside Labor’s Darkest Days // @LenoreTaylor

John Edwards, principal economic advisor to Treasurer and then Prime Minister Paul Keating, visiting fellow at The Lowy Institute

You find more about the Australia Institute’s GFC + 10 program here:

https://nb.tai.org.au/gfc_10

http://www.tai.org.au/content/executive-pay-australia

http://www.tai.org.au/content/global-financial-crisis-what-australians-think-10-years

Producer: Jennifer Macey // @jennifermacey

Additional editing by Lizzie Jack and Renee Sant 

Title Track: Jonathan McFeat pulseandthrum.com

Find us on Twitter // Facebook.

You can subscribe to The Australia Institute’s podcast series Follow The Money on iTunes. Each episode busts some economic myths, interprets econobabble and helps you sound really smart at your next dinner party.   

Between the Lines Newsletter

The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.

You might also like

Stage 3 Better – Revenue Summit 2023

by Greg Jericho

Presented to the Australia Institute’s Revenue Summit 2023, Greg Jericho’s address, “Stage 3 Better” outlines an exciting opportunity for the government to gain electoral ground and deliver better, fairer tax cuts for more Australians.

Richard Denniss: National Press Club Address

by Richard Denniss

On Wednesday, 31 January 2024, Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms. **Check against delivery** [See below for transcripts] Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the