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Schwartz Publishing Pty. Ltd

Balancing Act: Australia Between Recession and Renewal

Balancing Act: Australia Between Recession and Renewal

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An urgent, original guide to today’s political and economic challenges.

What has gone wrong with our politics? And what do our governments need to do so that Australia is not globalisation’s next victim?

Balancing Act is a passionate look at the politics of change and renewal, and a bold call for active government. Megalogenis argues that 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 alone 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.

This edition also contains Megalogenis’s other best-selling Quarterly Essay, Trivial Pursuit: Leadership and the End of the Reform Era, as well as a substantial new afterword that brings the story up to date.

‘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

‘What sets Balancing Act apart is the rich historical context and the razor-sharp clarity with which [Megalogenis] explains present realities.’ —Australian Book Review

‘Engaging … and sobering … Australia faces a stark choice.’ —Adam Creighton, Australian

George Megalogenis has thirty years’ experience in the media, including over a decade in the federal parliamentary press gallery. His book The Australian Moment won the 2013 Prime Minister’s Literary Award for non-fiction and the 2012 Walkley Award for non-fiction, and formed the basis for the ABC TV series Making Australia Great. His most recent book is Australia’s Second Chance.
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