Posts on the economy, work, business, income, and labour
I went to the supermarket and said “I want your best meat for $9 a kg”. They said I could have pre-cooked sausages or the cheapest mince for that. But I wanted good meat! So I went to other supermarkets and butchers. Some wouldn’t sell me anything for that much, none would supply the quality I wanted. They say I’m mad. But, when this business does it, they’re the victims.
David Shearer recently picked up National’s policy of not contributing to the Cullen Fund while the Government’s in deficit but there’s nothing about being in deficit that alters the case for investing the Cullen Fund. As long as the return exceeds the Crown’s cost of capital, it’s worthwhile. So, how much have the canned contributions cost us so far? $1.2b.
Like many, I’ve been somewhat bemused and not a little angered that austerity is touted as a pathway to economic recovery. Like many, I’ve come to view both austerity and bail outs simply as means to put public monies and the control of public institutions into private hands – all the while diminishing the power of citizens on both an individual and collective basis.
But why consciously destroy or abandon real economic activity in a quest for power? Why not continue to build on whatever ‘real economy’ bases of power you posses? Idle speculation might suggest a lust for power, y’know… power for power’s sake. Or a reaction to, or recognition of impending peak resources in a world of growing population.
Steven Joyce pops up today in the Herald to promise more jobs. Apparently, the Chinese are going to invest in wood manufacturing here because the power’s cheap. Funny, the power’s been the same price for a while and… um… wood manufacturing has collapsed 15% under Joyce’s watch. Looks like another hollow promise from the least successful economic development minister in history.
The Asset Sales petition has the numbers for a referendum, but need to continue to collect signatures til the petition is submitted at the end of the month. Well done! The evidence & the majority of New Zealanders do not support the sales. Keep campaigning!
Federated Farmers pushed out a press release the other day calling for NZ to both have more population and to stop spreading urban areas out over farmland. MrSmith has a view on it.
Over the last year some issues have been under-reported, some ignored: the climate/environment, subversive FBI activities, bankster rorts, decline of democracy, the need for new left & green politics. Some news has been overdramatised, some masks the real needs. And the “fiscal cliff”?
We tend to rework reality, included political knowledge and understanding, into a basic (fictionalised) story structure, with villains, heroes, and values absorbed from pleasurable forms of fiction, including TV. This is a look at the political values embedded in some popular TV dramas.
The New Year Honours have been announced. Some did service to the 1%, others to the 99%. People, unnamed and unnoticed in public who provided valuable services to their communities should also be honoured. Happy New Year!
There’s been a couple of stories in the news over the last 24 hours that could do with some scrutiny: Treasury warns of asset sales over-load; potential sale of Oceania Dairy to an overseas company to set up a milk factory in NZ.
Many want Shearer to break with neoliberalism, clearly state his politics and a new political direction. He became leader with a compelling, but worryingly selective, back-story. Party members want democratic participation. What of consensus-building, coercion, public services, social security, TPP, PPPs, state assets, sustainability?
Today Al Jazeera News reported on the rise of collaborative consumption in Europe; from rent-a-present to car sharing. Just an extension of Trade Me or something bigger? How can sustainable practices of collaborative production, consumption and living be developed in NZ? [AJ Link added]
Individualism & “celebrity” PM, John Key were still strong in 2012. But, there was opposition from some (often local) groups working collaboratively: Occupy, Glen Innes protesters, MUNZ, Asset Sales referendum, AAAP advocacy activism, manufacturing inquiry, NZLP democratisation, TS nest of vipers. And 2013?
While John Key spends the summer in Hawaii, he will need to make some decisions about the future of his cabinet. Parata’s future is poised in the balance, and he is looking to move Tim Groser on later next year.
… then maybe more attention would be given to increasing numbers of people struggling to get the necessities of life. Record queues outside Auckland’s City Mission. The Brighter Future never comes. Revisit The Spirit Level.
Humans have a paranoid fascination with our own demise, as seen in doomsday movies. They portray our fears, hopes, politics and delusions. Children of Men: the demise of capitalism; Day after Tomorrow: climate collapse. Is today a Mayan prediction of the end or a new beginning?
Democracy needs independent news media, acting in the public interest, to speak truth to power. The commercial imperatives and neoliberal capture of corporate news organisations skew their political coverage, and contribute to voter disengagement. A perfect context for Key’s government to dismantle democracy: ECAN, CERA, Auckland Council, asset sales.
Japan just elected a Liberal Democrat government promising more jobs through a huge quantitative easing programme. The US has stated it’ll continue QE until unemployment drops below 6.5%. The effect has been to send our dollar to new highs, killing exporters and import-exposed local businesses. Contrary to media belief, Japan and the US aren’t in worse positions than us.
If you and I were told that (variously) our sons and daughters, grandchildren, nieces and nephews were going to be killed tomorrow, would I be right to suspect that we might sit up and take notice?
An anonymous editorial in The Herald yesterday suggested that the government raise revenue by cutting the “sacred cow” of interest free student loans. For some strange reason the sacred cow of National’s tax cut bribe for the rich was not similarly offered up for sacrifice. I wonder why that might be.
Green Party co-leader, Metiria Turei, was confident and clear on TV3, talking about their consistent, disciplined & successful year &: the RONS tax, MP pay rise, government’s poor record, the economy, printing money, jobs, equality issues and child poverty. Little on green issues. Zero on the climate. [Update] Turei RNZ interviews.
So, National’s still on track to surplus in 2014/15, eh? A $66m surplus. Well, don’t be counting those chickens just yet. That projected surplus is just 0.07% of projected spending and revenue that year. That makes wafer thin look fat. And it’s not exactly like Treasury has a good record predicting 2.5 years ahead. But there’s a bigger question: is any surplus worth any price?
In Budget 2011, National made a big song and dance over the projection that ‘they’ would create 170,000 jobs in the next four years. Leaving aside the fact that they were counting jobs from the year before in their four year total, the promise basically rested on creating 57,000 jobs this year. So, what’s the latest update on that figure? … 0.
This is one of a series of posts I hope to write over the summer based to some extent or other on a recent presentation by Kevin Anderson: Professor of Energy and Climate Change, University of Manchester, Tyndall Centre.
Well it looks like the government has finally listened to all of the arguments about how unaffordable the Roads of National Significance are.
Their response? To tax you more to pay for their white elephant.
On TV3 this morning, John Key was soothing and slick. All is well on Planet Key, and critics are delusional. He reeled of numbers and facts, but material realities of daily lives, and the suffering of people on low incomes aren’t mentioned. And asset sales?
Recent pieces by Bernard Hickey and John Armstrong both highlighted the problem of our aging population and the unsustainability of super – in Hickey’s memorable words we are “consuming our future”. Armstrong tries to balme MMP, but that won’t wash, it’s just the usual short-sighted Nat stupidity…
Market failure is one of the marks of our time. From unaffordable, low-quality housing to child poverty to the over-valued dollar killing jobs to over-priced broadband and failed government IT procurements, the market keeps getting it wrong. The Greens and Labour know the answer is for the Government to step in; National just turns a blind eye. Russel Norman did it again yesterday.
David Shearer was on TV 3 this morning, reflecting on his last year. He claimed that he and Labour are doing well under new and settled leadership, taking a new direction. How accurate are his claims?
You have to respect how the Ports of Auckland workers stood staunch in the face of the bosses’ attempt to contract out their jobs, without support from the ‘leftwing’ mayor and against an expensive PR effort. They’re still getting their own back. PoAL has just been fined for employing a strikebreaker. And, in Lyttelton, wharfies have started a smart new campaign.
Looking for Christmas gift ideas? There are plenty of ways to give a gift that will really make a difference. Here’s a small selection.
Political parties tend to target the middle-classes, while those struggling on low incomes have become increasingly disenfranchised. The MSM tends to focus on the impact of the recession on the middle-classes, and not those really suffering. Who can provide support over the holiday period?
Welcome to Poverty Watch, a weekly update on National’s lack of response to the urgent and growing issue of poverty in NZ. This week, two damning reports on child poverty, and the Nats refuse to act.
Mana has established a clear identity, as shown in Hone’s adjournment speech. Based in practice and activism. For all people, especially those on low incomes. A voice for Maori, Pasifika people and children. The Maori Party’s future is in question. What’s the future for Mana and Hone?
With the GFC, changing climate and resource depletion, the struggles of the powerless get over-looked. Asia-Pacific has been described as the focal point of a new cold war. Storms in Samoa and the Philippines, a rocket launch from North Korea. How should we respond?
If you’ve got any asset sales petitions hanging about, quickly send them in to the address on the bottom. The Keep Our Assets coalition are shortly to send in the petition for the Electoral Commission to start verifying the 350,000-odd names they have.
