The Hidden Process Behind Free Market Reform

Chris Berg's recent article on the Dries points out how free market reform is often implemented - away from the public eye.

It may seem like it, but it is usually never as simple as electing a Prime Minister who wholeheartedly champions deregulated markets. Far more often, reform happens through persistent individuals like Jim Carlton whose "philosophical direction shaped the deregulatory movement for two decades later."

Surprisingly or unsurprisingly, "John Howard never fully signed up to the Dry program, in part by temperament, and in part due to a conscious effort at striving for the political mainstream." Thanks to Jim Carlton and his establishment of the Society of Modest Members however, both Malcolm Fraser and John Howard were pressured to deregulate the Australian financial sector.

Berg's article sheds light - not only on the role of individual within the political sphere but also as part of wider society. What seems like a top down process is a development propelled by certain figures pushing for reform.

The same can be said for organisations that actively engage the public and the government in order to make change happen. Never underestimate the potential for the individual to take back what is rightfully theirs.

 

 

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