Earlier this month, a collapse on the scale of the largest crashes in recent history rocked markets. The Nasdaq stock exchange fell by almost 30% in one week, and the market capitalisation of cryptocurrencies simultaneously fell by 50%. Hundreds of billions of dollars were wiped out in just seven days. Since then, there has been no recovery.

The Australian federal election has ended the reign of one of the most despised national governments the country has endured since WWII. Against a backdrop of the skyrocketing cost of living, a housing crisis, general economic malaise and intensifying concerns regarding climate change, the Scott Morrison-led (conservative) Liberal-National Coalition has been tossed aside by a population that is feeling the brunt of intensifying tumult.