A quarter-century of political stability and effective government gave Australia an international reputation that attracted future leaders such as Tony Blair and David Cameron to Australia to learn from the likes of Hawke, Keating and Howard. But with five prime ministers in eight years, Australia is now inviting comparisons with Italy.

Below you can hear my conversation with Lowy Institute Executive Director Michael Fullilove about his Financial Times opinion piece on Australia's political dysfunction, and what it means for our place in the world. I also ask Michael: when does this era of leadership instability end? And more importantly, how does it end?