Former Deputy Prime Minister of Australia Wayne Swan

The Risk Equation

The Global Financial Crisis shattered the economic system. It destroyed communities, lives, businesses and governments, and the effects are still being felt, even today.

The result and fallout of the largest global recession since the 1930s was left to governments, ministers and leaders, with some of the biggest decisions the modern world had ever faced needing to be made.

The person making those decisions for the Australian people, was then Treasurer Wayne Swan.

Wayne served as Treasurer for the Rudd Government from 2007 to 2010, and continued his role, whilst also serving as Deputy Prime Minister under Julia Gillard til 2013.

On this week’s episode of The Risk Equation, Dr Chris Maguire explores how Wayne made the decisions he did, who gave him the economic guidance to organise and distribute the second biggest stimulus package in the world, and what made the pressures and stresses of the media and the opposition bearable and manageable.

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The Risk Equation is edited and produced by Edward Gooden.

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Music and sound effects: Epidemic Sound and Chris Zabriskie.