The Ownership Gap
As substitution progresses, the only economic classification that reliably provides earnings is ownership of productive assets (land, raw materials, and capital goods). If you don't own the robots, you are competing with them.
Winner-Take-All Dynamics
In the industrial age, being the 2nd best car manufacturer was still a good business. In the digital age, being the 2nd best search engine is a failure. Scale effects create "winner-take-all" markets where one or two players dominate globally.
This concentrates wealth geographically (in Silicon Valley or Shenzhen) and economically, leaving regions like Australia as mere consumers.
The Transition Risk
The destination—a world of plenty where machines do the work—is appealing. But the journey there is fraught with danger:
"Getting to this future is fraught with the catastrophic risks of industrial disruption, financial depression and social division." — Senate Submission 84
Our policy platform is designed to act as the bridge across this chasm, ensuring social cohesion remains intact.