11 October 2008

ABC Unleashed: The Meltdown Cup

When John Howard dedicated his government to transforming Australia into the world's greatest share-owning democracy, the sly fox was tapping into that kink in the national identity that we love to gamble. That the nation "stops" for the Melbourne Cup is often cited as key evidence in this claim. But if the share market maintains its current trajectory, Cup Day may roll around to find a nation already dead in its tracks.