Originally published in The Canberra Times on August 20, 2011

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.

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