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Australia is a society where economic inequality is pervasive and deeply entrenched. Familiar generalisations about Australia’s unique ‘egalitarianism’ do not match with the factual picture. The social dynamics at work, and the levels of inequality resulting, are much the same as are found in North America, Western Europe, and middle ranking capitalist economies elsewhere. For example studies of income and wealth distribution show that the top 20% of Australians hold 72% of the wealth (Dilnot, 1990) and the top 10% of households receive 40% of total income (Raskall, 1993).

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