Americans call themselves a democracy, but they are not. America has redefined democracy to make it conform to the capitalist economy and rule by wealth elites. When American leaders say they wish to make the world safe for democracy, they really mean that they want the world, including Australia, to subsume itself into this US project.
Any process resulting in Australia absorbing more of the United States' corporatist political culture will result in the serious erosion of our own democratic ideals. Australia should resist this, especially at a time when such corporatist politics is losing its legitimation. We are better served by our own robust system of democracy.