"Every now and then I just wonder whether this was a gathering of the Ancien regime and that we are all eating cake at Marie Antoinette's party," says the former head of the Department of Foreign Affairs, Peter Varghese.

"One day we might wake up and find the peasants are revolting."

Really Peter?  Whatever made you say that?

Mr Varghese was speaking at the Australian National University's Crawford Forum.

The Forum brings together, by invitation only, 150 of Australia’s top leaders – fifty each from business, the public sector and politics, and the research and advocacy community – together with a dozen or more distinguished international speakers, to address the major geopolitical and economic challenges facing contemporary policy makers.

He's spot on.

We are sick of it. 

Sick of their lavish parties.

Sick of paying for their perks.

Sick of sucking up to the Clinton Foundation and UN with our money.

And sick of politicians like Bishop and Turnbull who are driven by their ego.

Marie Antoinette's parties didn't end well.

Politically, neither will Julie or Malcolm's.

Four days ago, Peter Varghese AO became the Chancellor of the University of Queensland.

Prior to that he headed Julie Bishop's department.

Mr Varghese is a graduate from UQ where he was a  university medalist in history.

It's easy to see why he chose Marie Antoinette and the Ancien regime.

Despite her initial popularity, a growing number of the population eventually came to dislike her, accusing her of being profligate, promiscuous, and of harbouring sympathies for France's enemies. The Diamond Necklace affair damaged her reputation further. During the Revolution, she became known as Madame Déficit because the country's financial crisis was blamed on her lavish spending and her opposition to social and financial reforms.