Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.5 percent of the global population, ranked fourth in the world for the number of millionaires as…
Australia Is One of the World’s Richest Countries, Global Wealth Report Shows
Australia One of the World’s Richest Countries, Global Wealth Report Shows
September 23, 2022
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Asia & PacificAustraliaBusiness & MarketseconomyHousing PriceInequalityInternationalmarketmoneypersonal financewealthWorld
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Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.33 percent of the global population, ranked fourth in the world for the number of millionaires as…
Plutocratic Socialism and the Corruption of Democracy
July 21, 2022
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big businessbig governmentdemocracyInequalitymiddle classOpinionplutocracyPlutocratic Socialismprivate propertysocialismViewpointswelfare statewokewokeness
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This article is adapted from the book “Plutocratic Socialism: The Future of Private Property and the Fate of the Middle Class.” The American constitutional order assumes a populace of property owners, a middle class whose virtues provide the necessary ballast to support our republic. Our founders imagined strong communities, strong families, and independent citizens capable…
We Need More Inequality, Not Less
July 19, 2022
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Business & MarketsBusiness ColumnistseconomyInequalityinflationMarketsOpinionpersonal financeViewpoints
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Commentary We are bombarded regularly with narratives touting the ravaging effects of income inequality in capitalist societies. For many, inequality is the signature economic story of the twentieth century and must be averted at all costs. But inequality is only problematic when it’s the culmination of corrupt policies that grant favors to privileged groups. In reality, market-driven…
There Isn’t Fairness in Equality
Commentary Barack Obama called it “the defining issue of our time.” The widely quoted but rarely read author of “Capital in the Twenty-First Century,” Thomas Piketty, called it a threat to democracy. And the Australian Council of Social Services fears it is getting much worse. What is this scourge? Is it the war raging in Europe,…
Japan Confronts Rising Inequality After Abenomics
TOKYO—Japan’s stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus under Abenomics, but that new wealth is concentrated in a small slice of society rather than broadly distributed, data show. Addressing that divide has become a high priority for new Prime Minister Fumio Kishida, who promised…
Nature’s Unfair, Progressives Hate It
Commentary It’s easy for conservatives to believe that progressives leading the Woke Revolution have put targets on their backs. It certainly seems that way sometimes, especially when progressives react to conservatives as if they were abominable characters who must be shunned and ousted from society, cancelled forever. That overreaction was fully displayed at the horrors…
‘White Fragility’ Is a Racist Concept
Commentary Like “black criminality,” “Jewish shrewdness,” “Italian mafiosity,” and “Irish drunkenness,” “white fragility” is a racist concept. Identifying a particular derogatory characteristic, or even a positive characteristic, with a racial or ethnic group, as if it accurately describes each and every individual in that category, is racist. Racism is treating people as members of racial…
Making Society ‘Equal’ Is Unfair
April 30, 2021
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collectivismdiversityEqualityequityfreedominclusionindividualismInequalityinequityLIBERTYOpinionsocial engineeringsocial justiceViewpoints
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Commentary America’s cultural elites have a pathological obsession with equal representation (meaning equal outcomes) in many areas of our society. Countless schools, universities, and corporations now have some sort of diversity and inclusion director, which is just a fancy title for an overpaid activist who helps shape outcomes based on the idea that when equality…
NDP Convention Targets Inequality, as Contentious Planks Threaten to Steal Spotlight
OTTAWA—Inequality is fast shaping up to be a key focus of the federal NDP policy convention as thousands of New Democrats prepare to gather online this afternoon to kick off the three-day event. Party members cast their votes recently to whittle down hundreds of proposed resolutions into a short list whose top policies include a…
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