Transnational capital in Australia: “heavy marketing with no accountability”

Published 2009

Publication Type: Conference Publications

Author(s): Murray, Georgina

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.

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