Well, I'm sure someone will be out soon with a more detailed take on this than I have time to do, but Rupert's message to the G20 is quite a shermozzle, isn't it?
First of all, credit for acknowledging the issue of rising inequality and calling it bad. You'll have to get on the phone and convince your libertarian mates about that, though. Same with your criticism of global companies which pay inadequate tax too, although I'm not sure how your own companies look in that regard...
But no credit for adopting the libertarian/dumb American Right "solution". Yes, I can just see how labour market deregulation (which, for the most part, wants lower wages, certainly low minimum wages) will help out with the inequality issues, especially in the States. Oh yeah, and your faith in lower taxes is touching too. Care to explain to Kansas how that works?
And of course, lower energy costs, with no care as to carbon. 'Cos nothing helps global inequality like having entire, poor nations hit hardest by global warming in 30 years time. (If it takes that long...)
Update: OK, here's Alan Kohler, giving the sort of commentary on this that I was looking for.
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