The Failure of Free-Market Economics

The Failure of Free-Market Economics



Product Details

ISBN-13: 9781921215544
Publisher: Scribe Publications Pty Ltd
Publication date: 03/29/2010
Pages: 288
Product dimensions: 6.00(w) x 9.10(h) x 1.00(d)
Age Range: 15 - 18 Years

About the Author

Martin Feil was born in 1947 in Sydney. While attending university for 13 years (10 years part-time) on a scholarship, he got his first job in the Customs department, and then became the Tarriff Board’s youngest project director at the age of 26.

He was eventually responsible for 11 major industry inquiries, before striking out on his own and working as an industry-policy consultant for the next 30 years. During that time he also owned trucks, warehouses, customs bonds-stores and container yards, and worked for the Australian Taxation Office as one of the few Australian independent experts on transfer pricing and profit repatriation by multinationals. He has been chairman of the Institute of Chartered Accountants’ customs committee, and the institute’s representative on the tax office’s transfer-pricing subcommittee.

Feil has written many op-ed pieces over the years for The Age, accompanied by illustrations by John Spooner, warning of the dangers of free-trade ideology. He is also the author of The Failure of Free-Market Economics (Scribe, 2010).

John Spooner is a multiple Walkley Award-winning artist, formerly at The Age and the Fairfax group. In 2002 he won the Graham Perkin award as the Australian Journalist of the Year. He currently works as a freelancer in Melbourne.

Table of Contents

Introduction 1

1 The Making of a Maverick 13

2 Wreaking Havoc at the Tariff Board 27

3 Life After the Commission 45

4 My Own Seismic Shift 61

5 Free-Market Australia 87

6 The Contribution of Multinationals to Our Foreign Debt 101

7 The Global Financial Disaster of 2007-09 121

8 Fixing the Problem: domestic strategies 145

9 Fixing the Problem: international strategies 181

Conclusion 199

Appendix I A User's Guide to Picking Losers the Free-Market Economics Way 207

Appendix II Measuring the Extent of the Damage 245

A Plain-English Glossary of Relevant Terms and Names 257

Acknowledgements 266

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