Abstract
WA’s experience, as portrayed in this volume, not only highlights the changeable nature of the mining industry, the volatility of global commodity markets and the impact of global capital on people and place, it also draws into question the promise of lasting value derived from resource development as currently practiced. It is in this context that Chapter 18 revisits WA's resource boom and assesses the sustainability of resource-led development in the state, to arrive at an answer to the question of ‘curse or cure?’. Opening up the discourse beyond the dominant developmentalist narrative invites discussion on new perspectives of economic sustainability that include well-being, equity and the protection of people, culture and place.
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Notes
- 1.
It is acknowledged that people outside the resource sector such as property owners and investors also gained from the resource boom. Arguably, the underlying ‘everyday financialisation’ and naturalisation of capital—a feature of the neoliberal globalisation project (Duménil and Lévy 2001)—has helped legitimate, and build political support for, resource development in the state.
- 2.
- 3.
Similar limitations would also apply to socio-cultural and ethico-political lenses.
- 4.
- 5.
This is what Foucault (2008) describes as neoliberalism’s ‘economisation’ of society.
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Acknowledgments
We gratefully acknowledge the feedback received from Dr Yvonne Haigh and Prof Mark Beeson on earlier drafts of this chapter, which helped us refine the arguments presented and enabled a more explicit treatment of aspects of power in discussions on neoliberalism and resource development in WA.
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Brueckner, M., Durey, A., Mayes, R., Pforr, C. (2014). Curse or Cure? Revisiting State, Capital and Resources. In: Brueckner, M., Durey, A., Mayes, R., Pforr, C. (eds) Resource Curse or Cure ?. CSR, Sustainability, Ethics & Governance. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-53873-5_18
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