Published: March 21, 2019
The era of tolerating the rich getting richer at everyone else’s expense is over, the former treasurer says
The federal ALP president, Wayne Swan, has warned the resentments and anger caused by unemployment, poverty and widening inequality are dangerous for liberal democracies, including Australia, and the “worry for us is the aftershocks of the great recession have yet to stop”.
Swan has used a speech at the University of Melbourne to recount some of the lessons of 20th century history, pointing out that the economic crash of 1929 “led directly to the triumph of fascism, and ten years later the triumph of fascism led to total war”.
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