This article discusses whether and how globalization has had a significant effect on Australia, by referencing normative concepts of good or bad, of presence or absence and whether normative truth questions can be asked. These questions are answered by employing Bhaskar’s most recent iteration of the RRREI(C) schema for explanatory analysis. Viewed generally, the essential or necessary component of globalization is the ideology of neo-liberalism from which has emerged the more radical neo-conservatism. Overall these ideologies, which underpin globalization, are having (...) a detrimental effect economically and socially: economically because of widening wealth inequalities both in Australia and globally; and socially because of growing push for protectionism in wealthier countries like Australia. These emerging social and economic ontologically real phenomena are causing consternation and fuelling divisiveness worldwide. Nevertheless, by conducting this explanatory analysis, we were able to identify feasible interventions that would, if implemented, possibly absent the negative aspects of globalization. (shrink)