Abstract

Given recent calls for a new social contract between the unions and government, it is timely to consider the relationship of the Australian Labor Party (ALP) and Australian Council of Trade Unions (ACTU) prices and incomes Accord (1983–97) to the construction of neoliberalism in Australia. Contrary to most scholarly accounts, which posit the ALP and ACTU prices and incomes Accord and neoliberalism as exogenously related or competing processes, this article argues they were internally related aspects of economic transformation. The implementation of the Accord agreement deepened Australia’s existing corporatist arrangements while simultaneously advancing neoliberalism within a highly structured political-economic framework.

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