Life in Australia — or, as I like to call it, pro-crisis Greece 2.0

Alex Anyfantis
6 min readOct 19, 2023

The deteriorating financial situation of a previously prosperous nation is a sight I’ve seen before in my life. But this time, there seems to be an added caveat.

Australia. The land of equal rights and opportunity. A place where everyone gets a free shot at a fair life and where they are only held back by their own limitations. A land that provides people of all shapes and sizes the chance to be whatever they want to be. A country accepting of all people, no matter where they come from or what their history may be.

…Or at least that’s the story we like to tell people. The reality is far different and things are getting worse by the day. As someone who has lived through one financial crisis — which resulted in a social crisis as well — I’ve gained the uncanny ability to read the signs that can lead to a nation’s economic downfall. And in my few years in this country, I’ve seen far too many of them already!

Too many mortgages!

One of the most common elements is housing. In Australia, it is a life target for people to grow up and buy a house. It’s part of the “Australian ideal” of the perfect life. If you’re a local and you don’t manage to have the triptych of good job-happy family-backyard house by the time you’re in your 30s, you’re considered a failure (for some fucked up reason that’s causing social anxiety to skyrocket).

So, in order to fulfill this ideal, people are going out and getting big-ass loans from banks to buy their perfect houses, essentially ensuring that they’ll be locked in debt for the rest of their lives. Which means that they’re buying something with money they don’t have.

This is something I saw a lot of in Greece. People became overly greedy and went out and bought things they did not need with money they did not have, until one day they couldn’t afford to pay back their loans, the banks went dry and people started losing their jobs left, right, and center because companies simply couldn’t afford to hold on to their staff.

They may not care as much about reaching the ideal of a perfect family household in Greece, but they shared similar obsessions, which is what lead them down the path of ruin.

Give leaders a chance!

Another common theme I’ve seen is political corruption. While Greece can write the book on this matter…

--

--

Alex Anyfantis

Media graduate, professional journalist and self-proclaimed Final Fantasy fanboy. Interests (and die-hard passions) include gaming and sports (mainly football).