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THE RUSH TO REGULATE: THE SHIFT IN AUSTRALIA FROM THE RULE OF MARKETS TO THE RULE OF CAPITAL
Author(s) -
Bryan Dick
Publication year - 2000
Publication title -
australian journal of social issues
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.417
H-Index - 30
eISSN - 1839-4655
pISSN - 0157-6321
DOI - 10.1002/j.1839-4655.2000.tb01096.x
Subject(s) - golden rule , project commissioning , economics , publishing , liberalism , capital (architecture) , momentum (technical analysis) , law and economics , neoclassical economics , political science , law , finance , history , archaeology , politics
There has been a significant shift in the momentum of national economic policy in Australia, from the market as an end in itself, towards a regulated policy agenda that asserts the social, cultural and economic rule of capital. This ‘new’ policy is what neo‐liberalism really involves. Arguments about ‘free markets’ and ‘economic rationalism’ fail to recognise the shift and are thus not germane to current policy analysis.