This paper provides a contextualised and critical policy analysis of the Rudd government's national schooling agenda in Australia. The specific focus is on the introduction of national literacy and numeracy testing and the recent creation by the Australian Curriculum, Assessment and Reporting Authority of the website "My School", which lists the results of these tests for all Australian schools, including school performance against averages and against the performance of 60 other socio-economically "like-schools" across the nation. It is argued that we are seeing the emergence of a national system of schooling (including national curriculum) as part of the reconstitution of the nation in the face of globalization and related economisation of education policy. This is the case despite Australia's federal political structure with the States holding the ostensible Constitutional responsibility for schooling. The analysis locates these and associated developments (a national schooling policy ensemble) within considerations of new accountabilities, the restructured state, neo-liberalism, globalized education policy discourses and policy borrowing and learning. The analysis also suggests that, despite the Prime Minister's swingeing critique of neo-liberalism in the context of the global financial crisis and enhanced state intervention in the economy, this national schooling agenda (the government's so-called "education revolution"), is a hybrid mix of the neo-liberal with social democratic aspirations to do with social justice and schooling. (Contains 5 notes.)