Destroying Business 2025

This government has an appalling record of large scale business closures, which continue to damage the careers of thousands of New Zealand workers.

Privatisation and Plunder

Privatisation and Plunder is essential reading for those who want to work for a society where prosperity for all is the aim.

China is not a threat to Regional Peace

The real threat to peace in our region does not stem from China, but from a “China threat” narrative—promoted by the United States to rally other nations behind its China containment agenda.

Uber Drivers in Court of Appeal

Uber Drivers are in the Court of Appeal today. Uber is appealing against Employment Court decision they they are employees with worker rights. Its a no-brainer, so they are and should have them.

USUKAs

US Undersecretary of State Bonnie Jenkins is in Wellington this week with a hard sell for us on AUKUS Pillar 2 wunderwaffen maybes. We should say tai hoa.

In praise of Michael Hudson

82-year old polymath Michael Hudson is my favourite economist. He currently lectures in China to million-strong audiences. His latest book is The Destiny of Civilisation: Finance Capitalism, Industrial Capitalism or Socialism. His latest article is well worth a read.

So! You want a “plan”?

Expecting a bit much aren’t you? We haven’t had that since Muldoon. At least he had them. The kind of people now asking for a plan were those who complained about governments that “interfered with the sacred ‘free market’” and screamed about “central planning”, “picking winners”, “protectionism” etc. They prefer just getting cheap labour to give the illusion of economic growth. And build a cycleway!

C’mon Grant

This government must demonstrate that it has the ability to lead the New Zealand economy where it has stated it wants it to go. It does not want more headlines like the average house in Auckland now being priced at $1 million.

“Reds under the Bed”.

Everyone has recently had an education on  “Socialism” working in practice.

And a graphic illustration of the shortcomings, of under regulated “Free market” Capitalism, Globalism, tax cuts for the rich, and the mania for monetising everything in sight, and “running it like a business”.

Can A Renewed Provincial Growth Fund Save Us?

With the simultaneous decline of Southland’s Tiwai Point aluminium smelter, the retrenchment of Waikato/South Auckland’s New Zealand Steel’s Glenbrook Steel mill, and the near-total shrinking of NZ Refining in Whangarei’s Marsden Point it’s not unreasonable to ask what will happen to the 10% of New Zealand who are employed in major manufacturing plants.

Fixing Unemployment – Zoom meetup Saturday 10am

Is it time to completely rethink how we deal with unemployment? We face a tsunami of job losses not seen in generations. Two ideas — social insurance and a job guarantee — are gaining prominence as ways to change how we deal with the problem. One provides income protection for those who lose employment, the other aims for something bolder: the elimination of unemployment. All welcome; register here.

Things that will live

Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.

Kim Hill asked “Why…

…is the US sharemarket roaring away – up 44% – while economic recovery prospects are grim?” ANZ’s Sharon Zollner’s answer on Tuesday was the Fed printing money, but worried markets were turning a  blind eye to the bad news. The bad news hit today as the sharemarket nose-dived. Wolf Richter’s answer was more to Kim’s point: “Fed bails out the wealthy while America convulses in pain.”

New leadership same old tactics

National has released a social media ad suggesting that New Zealand’s per head of population Government debt figure will be worse than Greece’s by 2014.  But the data used presumes the effects of Covid 19 in New Zealand’s figure but no effects of Covid 19 in Greece’s figure.

What the Greens did

A round up of the Green Party’s achievements in the 2020 Budget: funding for nature, the commitment to ending violence, and public housing and insulation. And a look at the pragmatics of what the Greens can currently accomplish.