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Opinion
David Fickling

Never Let a Financial Crisis Go to Waste

If you doubt the lesson, then look at Australia.

A placard protests banking misconduct outside the royal commission in Melbourne. 

A placard protests banking misconduct outside the royal commission in Melbourne. 

Photographer: William West/AFP/Getty Images

Australia’s miracle economy has delivered 26 years of uninterrupted growth, a record among developed nations. So how come its financial sector is riven with scandal and deceit?

In truth, the two things are connected.