The paper explores the emerging consensus around post-compulsory education and training. It argues the notion of settlement needs to be developed to incorporate concepts of race and gender. It suggests a settlement is developing amongst the major political parties and other constituents who have a stake in post-compulsory education and training. These constituents share a common analysis of the problem facing education and training. Whilst these different groups have varying strategies to address the problem these are held under the sway of a capitalist logic. Post-Fordist arguments celebrate the progressive possibilities that inhere in a high skill, high trust economy; however such optimism is easily co-opted and colonised by capitalist interests. The paper explores the emerging consensus around post-compulsory education and training.