This week I teamed up with renegade economist Dr Cameron Murray - author of The Great Housing Hyjack, and co-author of Rigged: How networks of powerful mates rip off everyday Australians to discuss some of the myths and realities surrounding the land market in the press, both in Australia and overseas.
Cam is one of my favourite guests to get on the show. I credit him for uncovering the secrets of Australia’s super rich in his publication Rigged (linked above).
Namely, our biggest rent seeking monopoly players!
This is why we have a land cycle, commodity cycle, a credit cycle — and ultimately, a volatile business cycle.
More than 80% of today’s wealthiest Australians have made their fortunes speculating on property, mining, banking, superannuation, and finance — gaining favourable property rezonings, planning law exemptions, mining concessions, labour law exemptions, and credit creation powers.
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