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Driving inequality: Frank Stilwell asks should we accept the prevailing political-economic arrangements that generate inequality.(Report)

'A rising tide lifts all boats' is an expression commonly used by economists and politicians to justify prioritising economic growth and neglecting the distribution of income and wealth. It has had particular resonance in the last decade. As Australia has become wealthier, material living standards have generally increased. But the benefits of economic growth have been unevenly dispersed. To adapt the nautical metaphor, big waves have distorted the rising tide, causing some boats to ride high in the water while others are in danger of capsizing.

The latest figures from the Australian Bureau of Statistics (ABS) give some indication of the disparities. In the two years from ...

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