Neoliberalism has convinced governments in liberal democratic states to transform themselves and society according to the values and practices of the market.
This book examines these changes within the context of market failures in services relinquished to the private sector by governments.
Using examples such as the collapse of Railtrack in the UK, the energy crisis in the US and the Sydney water treatment scandal in Australia, it exposes the level of risk which remains with government after privatisation, requiring them to resume responsibility when the private sector fails.
Warwick Funnell is Professor of Accounting at the University of Wollongong. He is the author of Accounting for War (2003) and Government by Fiat: The Retreat from Responsibility (2001). Robert Jupe is Senior Lecturer in Accounting at the University of Kent. Jane Andrew is a Lecturer in Accounting at the University of Wollongong.