Rethinking Regulatory Paradigms: Regulation, Justice, Inequality and Capitalism

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Braithwaite attributes responsive regulation’s huge impact in practice and in theory to the solution it offers for the shortcomings of both an entirely punitive as well as an entirely persuasive enforcement style. However, this solution refers to just a small part of the original version of responsive regulation that, moreover, is entirely decoupled from its ideological foundation. This raises the question why the original version of responsive regulation has had considerably less impact than its dominant interpretation. It is argued that the original version has been neglected to a large extent because it has had to compete with many other overlapping concepts, while the dominant interpretation has been so influential in practice because it legitimizes the way practitioners are automatically inclined to work. Moreover, since the latter version of responsive regulation can only be effective under very specific conditions, it is suggested that the reputations of the inventors of this policy idea have contributed significantly to its huge impact in theory.
Event typeWorkshop
LocationCentre for Regulatory Studies and Department of Business Law and Taxation, Monash University, Melbourne, AustraliaShow on map