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Interesting example. At the same time, the US, which took almost no action against privately held firearms, also saw rapid reductions in homicides. And, the reductions in the US continued essentially unbroken until 2020. Perhaps there's some other factor at work.

Kevin Drum came up with a highly suggestive hypothesis, including cross-national comparisons, that suggests lead exposure in young children is the great common cause in crime rates rising (from roughly 1960 through 1995) and falling (post-1995). I think this was his first writing on the subject: https://www.motherjones.com/environment/2016/02/lead-exposure-gasoline-crime-increase-children-health/. This one extends the analysis, and uses the same methods to show the same relationships in other countries: https://www.motherjones.com/kevin-drum/2018/02/an-updated-lead-crime-roundup-for-2018/. Interestingly, Australia is one of the countries he addresses.

If you want to cite Australia as a positive example, you might note that Australia has nearly twice the burglary rate of the US: https://www.statista.com/statistics/1238258/burglary-rate-country/.

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