There has been a significant shift in the momentum of national economic pol
icy in Australia, from the market as an end in itself, towards a regulated
policy agenda that asserts the social, cultural and economic rule of the ca
pital. This 'new' policy is what neo-liberalism really involves. Arguments
about 'free-markets' and 'economic rationalism' fail to recognise the shift
and are thus not germane to current policy analysis.