Distracting the masses: Corporate convictions and the legitimisation of neo-liberalism

Research output: Contribution to journalArticleResearchpeer-review

Abstract

The public enforcement of corporate obligations appears to be inconsistent with the neo-liberal values of market freedom and deregulation otherwise privileged within corporations law. However, if neo-liberal discourse is viewed as a regime of truth, high profile corporate convictions - such as those following the mismanagement and catastrophic collapse of HIH Insurance - can be understood as a reinforcement mechanism legitimising the dominance of neo-liberalism not only by restoring public faith in the regulatory system but also by distracting the community's attention away from the harmful consequences of the ongoing privileging of neo-liberal values.
Original languageEnglish
Pages (from-to)179-201
Number of pages23
JournalMacquarie Law Journal
Volume8
Publication statusPublished - 2008

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neoliberalism
deregulation
reinforcement
insurance
faith
Values
corporation
obligation
Law
discourse
market
community

Cite this

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title = "Distracting the masses: Corporate convictions and the legitimisation of neo-liberalism",
abstract = "The public enforcement of corporate obligations appears to be inconsistent with the neo-liberal values of market freedom and deregulation otherwise privileged within corporations law. However, if neo-liberal discourse is viewed as a regime of truth, high profile corporate convictions - such as those following the mismanagement and catastrophic collapse of HIH Insurance - can be understood as a reinforcement mechanism legitimising the dominance of neo-liberalism not only by restoring public faith in the regulatory system but also by distracting the community's attention away from the harmful consequences of the ongoing privileging of neo-liberal values.",
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Distracting the masses : Corporate convictions and the legitimisation of neo-liberalism. / James, Nickolas.

In: Macquarie Law Journal, Vol. 8, 2008, p. 179-201.

Research output: Contribution to journalArticleResearchpeer-review

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