Transnational capital in Australia: “heavy marketing with no accountability”
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Author(s)
Murray, Georgina
Griffith University Author(s)
Year published
2009
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Abstract This article looks at the Australian capitalist class (ACC) and its fit into global capitalism; is it a special tyranny-of-distance case isolated from the European-US core? Or are Australian capitalists in the process of being consumed by the transnational capitalist class (TCC); or has the ACC settled for a subordinate but comfortable role with the hegemonic TCC as their local conduit to the Australian state? Data to test these hypotheses comes from annual financial reports and studies of top Australian interlocking directors and their major shareholders drawn from the 2007 Australian Stock Exchange plus author ...
View more >Abstract This article looks at the Australian capitalist class (ACC) and its fit into global capitalism; is it a special tyranny-of-distance case isolated from the European-US core? Or are Australian capitalists in the process of being consumed by the transnational capitalist class (TCC); or has the ACC settled for a subordinate but comfortable role with the hegemonic TCC as their local conduit to the Australian state? Data to test these hypotheses comes from annual financial reports and studies of top Australian interlocking directors and their major shareholders drawn from the 2007 Australian Stock Exchange plus author interviews with top company personnel 1992-2009. (100 words)
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View more >Abstract This article looks at the Australian capitalist class (ACC) and its fit into global capitalism; is it a special tyranny-of-distance case isolated from the European-US core? Or are Australian capitalists in the process of being consumed by the transnational capitalist class (TCC); or has the ACC settled for a subordinate but comfortable role with the hegemonic TCC as their local conduit to the Australian state? Data to test these hypotheses comes from annual financial reports and studies of top Australian interlocking directors and their major shareholders drawn from the 2007 Australian Stock Exchange plus author interviews with top company personnel 1992-2009. (100 words)
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Conference Title
Capital in Crisis: Implications for Labour and Society
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Copyright Statement
© The Author(s) 2009. The attached file is posted here with permission of the copyright owner for your personal use only. No further distribution permitted. For information about this conference please refer to the publisher's website or contact the author.
Subject
Social Change
Globalisation and Culture