Whilst our Prime Minister spends the summer feverishly bashing out his manifesto on
The Global Financial Crisis that the great neo-liberal experiment of the past 30 years has failed, that the emperor has no clothes,...the social-democratic state offers the best guarantee of preserving the productive capacity of properly regulated competitive markets, while ensuring that government is the regulator, that government is the funder or provider of public goods and that government offsets the inevitable inequalities of the market with a commitment to fairness for all.
his deputy Julia Gillard was in Davos
extolling the virtues of the Hawke/Keating Howard/Costello Australian "neo-liberal experiment of the past 30 years"
Australia's system of prudential regulation has been highlighted during talks among world leaders at the World Economic Forum (WEF) in Switzerland about how countries can cooperate to solve the global economic crisis and prevent another meltdown.
Ms Gillard, who is at the WEF, said she believed countries could learn from Australia's regulations which she described as being among the best in the world and had stopped the country experiencing the kind of problems in its housing market that had been seen in the US.
