From marketisation to self-determination: Contesting state and market through ‘justice reinvestment’

Gareth Bryant and Ben Spies-Butcher
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Gareth Bryant: Discipline of Political Economy, The University of Sydney, Australia
Ben Spies-Butcher: Macquarie School of Social Sciences, Macquarie University, Australia

Environment and Planning A, 2024, vol. 56, issue 1, 216-234

Abstract: Movements for racial and Indigenous justice are targeting rapidly expanding budget allocations for prisons and police. In Australia, Indigenous Communities are seeking to redirect public money from the criminal justice system to Indigenous-controlled services and infrastructure through ‘justice reinvestment’. This article explores the possibilities and tensions of justice reinvestment as a strategy for exercising Indigenous self-determination in a marketised policy landscape. Focusing on the case of Just Reinvest NSW and the Maranguka initiative in Bourke, we compare justice reinvestment to neoliberal ideas of social investment, exemplified by social impact bonds (SIBs). We identify three tools of marketisation in SIBs – liability budgeting, pricing evidence, and devolution to non-state providers – and analyse how these are being engaged, and contested, by Indigenous Communities through justice reinvestment. While incomplete, we discuss how Indigenous-run justice reinvestment initiatives are creatively using these tools against the settler-colonial, carceral state to claim fiscal resources, develop bureaucratic capacity, and institute territorial governance. We argue that justice reinvestment demonstrates the potential to repurpose the tools of marketisation to create alternative ‘hybrid’ spaces of governance that contest both the state and the market.

Keywords: Financialisation; marketisation; incarceration; social impact bonds; indigenous self-determination; justice reinvestment (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:56:y:2024:i:1:p:216-234

DOI: 10.1177/0308518X221125797

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