Impact of Neo-liberalism on Australian Employment Relations

Running head: NEO-LIBERALISM AND AUSTRALIAN EMPLOYMENT RELATIONS
IMPACT OF NEO-LIBERALISM ON AUSTRALIAN EMPLOYMENT RELATIONS
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1NEO-LIBERALISM AND AUSTRALIAN EMPLOYMENT RELATIONS
Introduction
The term neoliberalism is used in a variety of senses by the scholars of various doctrines.
The term was initially used by the scholars to refer to the various social sciences and practices.
The term “neo-liberalism” majorly refers to the resurgence of the several 19th century ideas that
bear relevance in the economic liberalism that separates the private transactions from the
intervention of the governmental bodies (Giroux 2018). In the present market scenario, the term
neoliberalism is generally used to deal with the elimination of the price control features within
the country, the de-regulation of the capital markets within the various territorial boundaries. The
term also deals with the lowering of the barriers to the trade as well as the reduction of the
influences of the state on the economy of the country (Mirowski 2014). The employment
relations refer to the efforts that are made by the concerned company in order to maintain proper
relationships among the employers and the concerned employees of the organization in
discussion. The proper employee relations within the company tend to help the company to
provide the employees within the consistent and the fair treatment. The following essay aims at
the discussion on the various impacts of the neoliberalism on the employment relations that exist
within the political boundaries of Australia. The essay opens with a discussion on neo-liberalism
at large. The essay proceeds to discuss the employment relations in Australia and nears the
conclusion with the discussion on the impact of the neo-liberalism on the Australian employment
relationships.
Neoliberalism
Neo-liberalism majorly refers to the resurgence of the several 19th century ideas that bear
relevance in the economic liberalism that separates the private transactions from the intervention
of the governmental bodies. The neoliberalism is distinguished by the presence of these ideals in

2NEO-LIBERALISM AND AUSTRALIAN EMPLOYMENT RELATIONS
the 20th century as well. The ideas of neo-liberalism include the various policies of economic
liberalization like austerity, the de-regularization, the policies of free trade as well as the policies
that tend to enable the privatization. These proposed ideas were majorly based on the then
market situations and were observed to be responsible for the shift of the paradigm away from
consensus of Kenyesian views that were presented in the post war conditions. This is known to
have lasted from the year 1945 to the year 1980 (Giroux 2015). The term neoliberalism is used in
a variety of senses by the scholars of various doctrines. The term was initially used by the
scholars to refer to the various social sciences and practices. However, the usage and the
definition of the term faced huge changes over the due course of time.
The major reason behind the implementation of the neoliberalism within the economics
was to prevent the repetition of the various economic failures that had taken place during the
early 1930s. The scholars who promoted the neo-liberalistic thoughts were generally known to
have been blaming the various economic policies that were portrayed by the scholars who
promoted the economic policies of the classic liberalism (Davies 2016). The present situation
within the global economy however, observes the scholars to have been discarding the neoliberal
thoughts of the global economy and thus attempting to spend researches on the development of
the alternate policies in order to find solutions of the economic crises that are being faced by the
majority of the nations of the world.
The neoliberal thoughts generally deal with the various matters influenced by the
demands of the changes that were needed within the social as well as the democratic conditions
within the concerned country. The major factor that has been related to the neoliberalism is the
implementation of the policies related to the free market conditions. The propounders of this
theory claim that the free conditions within the given market aims at the allowance of the greater

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efficiency, the growth of the economy, the proper and justified distribution of the income among
the concerned employees of an organization (Veltmeyer, Petras and Vieux 2016). The scholars
further argue that the free market conditions would also lead to the occurrences of the various
technological processes that are related to the concerned businesses. In the present market
scenario, the term neoliberalism is generally used to deal with the elimination of the price control
features within the country, the de-regulation of the capital markets within the various territorial
boundaries. The term also deals with the lowering of the barriers to the trade as well as the
reduction of the influences of the state on the economy of the country (Otero 2018). This is
generally obtained through the implementation of the austerity and the privatization within the
firms that have been operating within the concerned organization.
The term neoliberalism also aims to discuss the various economic policies that had been
discussed by Margaret Thatcher in the country of the United Kingdom as well as Ronald Reagan
in the country of the United States (Bruff 2014). The neoliberalism views the concerned market
to be the greatest processor of information as compared to the human beings. The market is thus
considered to be arbiter of the truth for the potential clients of the company. The concerned
thinkers of the neo-liberal theory maintain a distinction of their own by abhorring from the
advocacy of the economic policies that are related to the laissez-faire (Venugopal 2015). The
major point of distinction of the neoliberalist thinkers lie in the highly constructivist nature of the
concerned economies. The neo-liberalist thinkers are known to be the advocators of the strength
in the state that helps in the bringing about the reforms that are in alignment to the market in all
the spheres of the concerned society.
Australian employment relations