How Australia became the anxious country

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How Australia became the anxious country
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Australians will vote in an election on Saturday amid much nervousness, writes Nick Bryant.

Millions of Australians will vote in a federal election on Saturday. But, asks Nick Bryant, is the country's luck running out?

Australians face a cost of living crisis, exacerbated by the first hike in interest rates since November 2010. Almost 40% of homeowners are thought to be experiencing mortgage stress. Property prices, which serve almost as a gauge of national wellbeing, are levelling off, and in some places falling. Then there is the troublesome relationship with China, the country's largest trading partner, which not only poses an economic threat but a national security dilemma as well.

No longer does Australia feel quite such a Lucky Country - although it is always worth remembering that the term coined by the public intellectual Donald Horne in the mid-1960s was intended to be self-flagellatory rather than self-congratulatory. In his excoriating polemic, Horne noted: "Australia is a Lucky Country run mainly by second-rate people."

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