Both policial parties have sold out Australia, page-36

mogga, along the same lines.

"Rent-seeking is a concept used to describe the activity of individuals or firms who attempt to obtain or maintain wealth-transfers, primarily with the help of the state.^[1] More specifically instead of making a productive contribution to an economy, a rent-seeker attempts to obtain benefits for themselves by manipulating the political environment.^[2] Rent-seeking has also been defined as the process whereby one is able to obtain a greater rent, i.e. return, than would have been possible on the free market, through activities such as government lobbying or taking advantage of other connections to the state.^[3] Rent-seeking is seen as unproductive or a wasteful activity, as it results in wealth being transferred from productive individuals and firms to the rent-seekers. Examples of rent-seeking include things such as obtaining government bailouts, subsidies or having the state enact and enforce barriers to entry."

https://wiki.mises.org/wiki/Rent-seeking

toss in financial capitalism and we have a big piece of the overall picture.

Financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution:^[2] since the late 20th century it has become the predominant force in the global economy,^[3] whether in neoliberal or other form.^[4]
https://en.wikipedia.org/wiki/Finance_capitalism