Big has become beautiful
For all the talk about the rising cost of living in Australia it is amazing that there isn’t more concern expressed at the high mark-ups that big Australian retailers charge. Australians pay far more for clothes, computers and most other consumer goods than customers in the rest of the world. There are two main reasons for this. First, we have some of the highest disposable incomes in the world and secondly, our retail sector is among the most highly concentrated in the world.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
ANZ profit completes obscene $43 billion quadrella
The ANZ bank has today posted an $8.8 billion profit, completing an obscene quadrella from Australia’s big 4 banks.
Westpac profits from the pain of regular Australians – but there is a solution
Westpac has today announced a full-year profit of $10 billion before tax for the financial year ending on 30 September, 2025. Westpac is one of Australia’s “big four” banks, which together control 72% of all loans to Australian residents. By market capitalisation, Westpac ranks as Australia’s fifth largest listed company and third largest bank. Westpac
Trump’s Big Bill makes America more dangerous while enriching a few
The legislation will turbocharge inequality and the climate catastrophe – and it’s all part of the administration’s plan to radically reshape American society.