The run-up to Sept. 7 doesn’t bode well for Australia’s future, especially following a 2010 vote dubbed the “Seinfeld Election,” meaning that it was about nothing. Here we are, three years on, and Chinese demand is slackening. Commodity markets are in turmoil. Climate change is intensifying. Dismayed by the complacency he sees in Canberra, Nobel laureate Joseph Stiglitz has warned about a “crisis Down Under.”
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