The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

Green growth or degrowth?

Written By: - Date published: 11:07 am, November 22nd, 2023 - 21 comments

There is growing scepticism among climate policy researchers about green growth, as concepts of degrowth go mainstream.

Hipkins endorsed

Written By: - Date published: 8:02 pm, November 7th, 2023 - 53 comments

It was never going to be anything else, but two positive emerged. All policy options are back on the table, including tax, and there is a realisation that the main task ahead is to rebuild a strong and progressive party.

Has Labour become a cadre Party? Pt 1 Leadership

Written By: - Date published: 4:43 pm, November 2nd, 2023 - 18 comments

In 2021, I voted against Labour’s conference proposal for midstream leadership change to be determined by Caucus alone, saying that it risked Labour becoming a cadre party for elites. A series of posts will start with why the Caucus should not rush to a leadership vote.

The Injustice of Blackball

Written By: - Date published: 8:04 am, November 2nd, 2023 - 14 comments

There is no “just transition” occurring on New Zealand’s west coast and there should be. 

Pagani and Edwards do not understand the working class

Written By: - Date published: 9:26 am, November 1st, 2023 - 87 comments

Bryce Edwards and Josie Pagani have suggested that there should be more working class in Parliament. But the quality of their analysis leaves a lot to be desired.

The long wait

Written By: - Date published: 9:47 am, October 16th, 2023 - 57 comments

As it stands right now with the indecisive election result, we’re probably into having a caretaker government for some time. The election results after the special votes are targeted to be declared on November 3rd. The last day for the writ is on November 9th.It may then take some time to form a governing number of seats in parliament.

Multimillionaire landlords are the real squeezed middle according to National

Written By: - Date published: 8:20 am, October 11th, 2023 - 24 comments

Craig Rennie of the CTU has continued his excellent work analysing National’s proposed tax cuts and has come up with a doozie.  Landlords who own multiple properties will get huge tax cuts if National’s policy is put in place.

National’s credibility problem

Written By: - Date published: 9:34 am, October 6th, 2023 - 31 comments

National has suffered further damage to its credibility with its promise of a $250 tax cut per fortnight for an average family only being realised if that family spent at least $300 per week on childcare and was a two income family with each adult earning between $53,500 and $66,000.

Even Capitalists think that too much Capitalism is a bad thing

Written By: - Date published: 8:15 am, October 5th, 2023 - 9 comments

In recent times Goldman Sax has warned National that its policies will hurt the economy. And S&P has praised Labour’s handling of the economy and expressed a high assessment of various factors relating to the country.

The weird and wacky 2023 election campaign

Written By: - Date published: 11:22 am, October 4th, 2023 - 30 comments

In a week of weird events National’s decision not to debate Labour in the Press’s leader’s debate has been a massive own goal because the country will be able to see how toxic David Seymour’s and Winston Peters’ relationship is.

Should you be more worried about co-governance or the top 1%?

Written By: - Date published: 1:13 pm, October 3rd, 2023 - 52 comments

To the those voting ACT or NZF or National this year because you are worried about co-governance. I have a secret for you. You have been co-governed by the richest 1% for decades.

What really matters this election – poverty

Written By: - Date published: 11:50 am, September 30th, 2023 - 38 comments

National has shown its real priorities with proposals to cut benefits that will pay for increased tax concessions for landlords and increasing prison resources in anticipation of the crime wave the increased poverty will cause.

Tax or quality public services – which is more important to NZ voters?

Written By: - Date published: 10:31 pm, September 27th, 2023 - 16 comments

Earlier this year Andrew Marr wrote in the New Statesmen, that Britain’s problem was that it wanted Scandinavian levels of Public Services and North American levels of taxation. His view was that Britain was overdue for an honest debate about tax and public spending. In New Zealand, there is a similar challenge.

National’s back of the envelope $715 million tax calculation

Written By: - Date published: 8:58 am, September 25th, 2023 - 39 comments

Nicola Willis has essentially confirmed that the design of National’s foreign purchase of land tax was and remains sufficient to be done on the back of an envelope.

National really, really needs New Zealand to be in a recession

Written By: - Date published: 7:59 am, September 24th, 2023 - 22 comments

After Stats NZ shot down National’s claim that the country is in recession National pirouetted by claiming that New Zealand WILL be in recession in the near future and that the Reserve Bank has predicted this. But according to the Reserve Bank this may not be true …

NZ Election: National’s tax policy

Written By: - Date published: 9:07 am, September 21st, 2023 - 7 comments

A year ago this month, the Liz Truss/Kwasi Kwarteng mini-budget destroyed once and for all the myth that the Tories are better at managing the economy. The New Zealand National Party could not even wait until they were in government to prove the same applies to them.

Understanding the New Zealand General Election 2023: Historical trends and perspectives.

Written By: - Date published: 6:01 am, September 20th, 2023 - 15 comments

From the outside, the New Zealand 2023 General Election seems both lacklustre and slightly strange. The Labour Government, having won a huge majority in 2020 is now fighting for its political life. Yet National, the main centre-right opposition party is still on average polling significantly worse now than they were when it lost power in 2017.

My Way or the Huawei

Written By: - Date published: 5:06 am, September 17th, 2023 - 9 comments

I like my Huawei phone. I’m looking forward to the new Mate 60Pro. It’s launch means the US-led sanctions aiming to crush Huawei, with New Zealand as a fast follower, have completely failed to set back Chinese technology.

Green Party confirms plan for five weeks annual leave

Written By: - Date published: 2:01 pm, September 16th, 2023 - 19 comments

“Everyone should be able to spend quality time with their whānau and friends”

Where are National’s costings?

Written By: - Date published: 9:52 am, September 16th, 2023 - 19 comments

Despite repeated analysis that its policies do not add up National is refusing to release the costings behind its policies.

National’s enormous tax hole problem

Written By: - Date published: 8:19 am, September 14th, 2023 - 115 comments

Independent economists have calculated that there is a half a billion dollar hole in National’s foreigner land purchase tax policy.

Predatory delay on climate action by Fonterra, Dairy NZ and Federated Farmers

Written By: - Date published: 9:23 am, September 13th, 2023 - 2 comments

A damning report from Russel Norman on how the agricultural industry blocked climate action for the past two decades.

National is devastated as PREFU is better than expected

Written By: - Date published: 9:17 am, September 13th, 2023 - 26 comments

National has reached new levels of excessive hyperbole in response to the PREFU release which was better than expected.

An ACT New Zealand

Written By: - Date published: 1:29 pm, September 8th, 2023 - 38 comments

What will New Zealand look like if Act forms part of the next Government?

National does a big sook

Written By: - Date published: 8:58 am, September 5th, 2023 - 51 comments

National, which perfected the art of dirty politics, and which has spent the past couple of years being relentlessly negative and which has had its sock puppets attack individual Labour MPs mercilessly is deeply, deeply, deeply upset that the CTU has pointed out to the public what a Christopher Luxon led Government would actually mean.

This Election we need to talk About China

Written By: - Date published: 11:05 am, September 4th, 2023 - 70 comments

Yes we could do the next five weeks on teeth and taxes, but actually China is pulling us down and our political parties need to make it an election issue.

National’s credibility is on the line

Written By: - Date published: 9:30 am, September 2nd, 2023 - 40 comments

When the history of the 2023 New Zealand Aotearoa general election is written and if Labour gets up to win historians will point to the events of this week as the turning point in what has already been a dramatic year in politics. Because I cannot believe how bad National’s tax cut policy release has been researched and structured and how bad its release is going.

CHL’s Tarras Airport Idea is Unbelievably Stupid

Written By: - Date published: 2:48 pm, September 1st, 2023 - 21 comments

Queenstown Airport has over three decades generated a radial wealth local effect. The economic and social uplift has been massive. That doesn’t mean there will be similar economic benefits by building another one within just over an hours’ drive of the first one.

Four new taxes and a climate funeral

Written By: - Date published: 8:48 am, September 1st, 2023 - 30 comments

National’s announcement of four new taxes to fund tax cuts rely on herculean assumptions that will never be met. And their proposal for climate change will undermine the slow but steady progress the country has been making to meeting its emission reduction goals.

New Zealand’s Greatest Economic Threat is Fonterra

Written By: - Date published: 7:00 am, August 29th, 2023 - 35 comments

Fonterra represents New Zealand’s largest internal economic threat. And promise.

Self-destructive stupidity, New Zealand style

Written By: - Date published: 5:51 am, August 27th, 2023 - 25 comments

Belief in capricious gods would explain the perplexing habit of governments with intelligent and informed people to embrace policies which are manifestly an example of self-destructive stupidity. Clever people doing stupid things.