Does Australia have a problem with rent-seekers, well-connected insiders who have their snouts firmly in the public trough, enriching themselves and their mates at the expense of the rest of us? Why is it that the majority of our Rich-Listers accrued their wealth from favourable treatment in heavily regulated industries? The Australia Institute’s Chief Economist Richard Denniss, co-author of Games of Mates (with Paul Frijters), Cameron Murray and Marian Wilkinson (The Carbon Club) examine the cosy club of political insiders and this particularly Australian way to make money.
Chaired by Michael West