Slowly, Australians are awakening from their deep 28 years slumber. For nearly three decades, they have slept secure in the delusion that the boom in commodities was a God-given gift that would keep on giving and provide the means to ride out any financial storm and most political follies.
They may have stirred at election time or when a prime minister changed, but even the ‘progressive’ chatter around them did little to disturb their reverie, thanks to constant reassurance that uninterrupted economic growth was a given.
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