If the farming sector is the ‘backbone of the economy’ then why is it that we are struggling to stand upright economically at the moment? Is it because agriculture is a economic drain on the rest of NZ. It provides 85% of our export revenue. But contributes just 5% of GDP, 5% of the workforce, and 1-3% of tax revenue – which effectively measures the profit to NZ.
That’s the headline of the pamphlet in the letterbox. But from their own measures is that true?
The debt bogeyman has been unleashed in NZ, which we will examine – but even on face value, National Party debt is 25% more than Labour’s full debt contribution over 6 years – with no global pandemic
Current & planned debt will surpass Labour’s full term debt in less years. Willis also admitted Budget 2024 had a higher deficit than all of Grant Robertson’s bar Covid.
Over the last year, the Coalition has unleashed a series of cuts which have been devastating for the disabled community. These cuts are part of a class war — and it’s time to organise and fight back, writes Elliot Crossan.
A fascinating expose from Michael Hudson on the causes and implications of the recent rise in the price of gold. When Nixon took the US dollar off the standard in 1971 you could get an ounce for $35. Not now; Hudson explains why.
This week there were two pieces of economic news showing a dramatic improvement credit for which should be given to the last Labour Government.
Debt is the most destructive and addictive form of economic behaviour we have in New Zealand. And mortgages are New Zealand’s very high grade heroin and we are being forced to come down off a most spectacular high into a rage-inducing forced withdrawal.
