Big on words and warm feelings, but a bit light on details:-

Australian Prime minister's philosophical essay

The Prime Minister has vowed to use the "greatest market failure" in 75 years to commit his Government to sensible new market regulation and intervention to stabilise the economy and save jobs.

"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," Mr Rudd says in a lengthy essay for The Monthly magazine, to be published next week.

"Ironically, it falls to social democracy to prevent liberal capitalism from cannibalising itself," Mr Rudd says.

As we know, the devil is in the details and one man's "sensible" is another man's crazy...