This paper analyses the Australian Values Education Program (VEP) within the framework of late-classical political economy. Using analytical methods from systemic functional linguistics and critical discourse analysis, it demonstrates that the VEP is an unwitting restatement of the principles of ideology as developed by the likes of Destutt de Tracy and the Young Hegelians. It is concluded that the sudden shock of globalisation and the post-national cultures this has entailed is in many ways similar to the shock of formal nationalism that emerged in the late-Seventeenth and early-Eighteenth centuries. The overall result of the VEP for the Australian school system is a massive procedural burden that is unlikely to produce the results at which the program is aimed.