#wealthcapture — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #wealthcapture, aggregated by home.social.
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Australian wealth inequality frays the social fabric
"The top 10% of households now control 44% of all wealth in Australia. The collective wealth of the richest 200 Australians has nearly tripled over two decades, mostly from property and resources – economic activities that extract value from existing assets rather than new productive capacities; what economists call “rent-seeking”.
"Rent-seeking concentrates wealth away from productivity-enhancing investments – in business innovation, public infrastructure and worker wages. This leaves ordinary people paying ever-higher proportions of their income for necessities. Ordinary Australians have little to celebrate."
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https://www.theguardian.com/commentisfree/2025/jul/15/neoliberalism-lite-is-no-solution-to-australias-cost-of-living-and-productivity-crises-its-time-to-curb-wealth-concentration
#inequality #WealthCapture #RentSeeking #housing #rentierism #unproductivity #ActiveProduction #wages #extractivism