Kevin Rudd nails it

[malaise]

http://www.smh.com.au/articles/2009/01/30/1232818725574.html
<snip>
Time for a new world order: PM

Phillip Coorey Chief Political Correspondent
January 31, 2009

KEVIN RUDD has denounced the unfettered capitalism of the past three decades and called for a new era of "social capitalism" in which government intervention and regulation feature heavily.

In an essay to be published next week, the Prime Minister is scathing of the neo-liberals who began refashioning the market system in the 1970s, and ultimately brought about the global financial crisis.

"The time has come, off the back of the current crisis, to proclaim that the great neo-liberal experiment of the past 30 years has failed, that the emperor has no clothes," he writes of those who placed their faith in the corrective powers of the market.

"Neo-liberalism and the free-market fundamentalism it has produced has been revealed as little more than personal greed dressed up as an economic philosophy. And, ironically, it now falls to social democracy to prevent liberal capitalism from cannibalising itself."
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[PM Martin]

1. Rudd has a luxury that Obama may not have.

America is still the largest economy in the world and the corporation still wants to exploit America for all it's worth.

Freidmanism/Thatcherism/Reaganism/Mulroneyism is the culprit, INDEED!

[roamer65]

2. This guy is going to give former PM Gough Whitlam a run for his leftist money.

...and that is a good thing.

[deminks]

3. K&R