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Title: Infrastructure Investment for Full Employment: A Social Democratic Program of Funds Regulation
Contributor(s): Ramsay, Tony (author); Lloyd, Christopher  (author)
Publication Date: 2010
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Abstract: Since the election of the Rudd Government in 2007 and the Global Financial Crisis (GFC) from 2008, a new debate has begun in Australia that links social democratic socio-economic policy, infrastructure inadequacy, and retirement incomes. These issues can indeed be reexamined together in the light of the quasi-Keynesian state activism that has erupted in response to the GFC. Residual Keynesianism has come to the fore again in the advanced western capitalist countries, in the forms of deficit financing, increased state regulation, and nationalisations in the banking sector. Politically, this suggests that Social Democracy remained alive (although driven into temporary retreat) as the alternative regulatory framework throughout its period of supposed eclipse by Self-Regulatory (or Neo-Liberal) Capitalism since the 1970s. Perhaps we are now witnessing a significant shift in the dominant political economic regime in response to the GFC. This paper tries to make a contribution to this debate by examining the centrality of managed funds to the development of a social democratic strategy.
Publication Type: Journal Article
Source of Publication: Journal of Australian Political Economy (65), p. 59-87
Publisher: University of Sydney
Place of Publication: Sydney, Australia
ISSN: 0156-5826
Field of Research (FOR): 160510 Public Policy
160603 Comparative Government and Politics
149903 Heterodox Economics
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Other Links:,com_remository/Itemid,26/func,fileinfo/id,148/
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