Reading this book at the moment – Reinventing Collapse: The Soviet Example and American Prospects by Dmitry Orlov. It is very interesting to consider how Australia would manage.
Orlov considers America and its current situation in the light of a possible economic and social upheaval. He compares the American situation against Russia performed during its collapse after the fall of the Berlin Wall. Orlov brings a fresh view of the US and his ideas (which I hope are all totally wrong) are food for thought.
The big question for me is how different or similar is Australia to the US in this context? What are the factors that give us resilience? What kinds of things can be do to build up our resilience in the face of upheaval?