Next year marks the 10th anniversary of the Global Financial Crisis. In 2008 the banks in Australia wobbled, the economy stalled, unemployment rose and the Government acted. The GFC demonstrated a failure of trickle-down economics.
Ten years later, with rising populism, it is clearer now more than ever that we need a replacement to the neo-liberal economic order. What are the lessons learned from the GFC that we can use to build a new economic agenda to address inequality and inclusive growth?
In this episode of Follow The Money we’re presenting an edited version of the public talk former Shadow Chancellor of the Exchequer Ed Balls and former Treasurer Wayne Swan gave at Melbourne Town Hall on August 22nd, presented in partnership with Guardian Australia, hosted by Guardian Australia editor Lenore Taylor.
Host: Ebony Bennett, Deputy Director of The Australia Institute @ebony_bennett
// Lenore Taylor, Editor Guardian Australia @lenoretaylor
// Ed Balls, Former Shadow Chancellor of the Exchequer @EdBalls
// Wayne Swan, Member for Lilley and former Deputy PM and Treasurer @SwannyQLD
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.
Ed Balls toured Australia as a guest of The Australia Institute and the Chifley Research Centre.