Klaus Schwab, founder and Executive Chairman of the World Economic Forum (Image: AP/Markus Schreiber)

It's Davos time again, with the world's premier neoliberal circlejerk kicking off today Swiss-time at the so-called "World Economic Forum".

Australian taxpayers are shelling out tens (if not hundreds) of thousands of dollars to send Mathias Cormann, Simon Birmingham and Steve Ciobo and assorted support staff to the gathering. Why this farce is taken at all seriously has never been explained -- The Guardian even has a liveblog about it, although admittedly The Guardian would liveblog the opening of an envelope.