Kevin Rudd's vigorous attack upon “extreme capitalism” revealed he does not understand the nature of the current crisis. This is not a meltdown caused purely and simply by rogue traders, bizarre mortgage lending, gross corporate salaries and payouts and, in general, the politics of greed. All those are symptoms of a much more systemic disease. That disease is the ideology of privatisation and deregulation, an ideology Rudd has shown no inclination to buck. This Government's persistent embrace of neoliberal ideology and practice is highlighted by its school funding policy and also its market-driven approach to schooling policy in general.