Posts on the economy, work, business, income, and labour
National’s bully-boy tactics continue. Young people are trying to voice their concern to the select committee that is looking at the extension of the Fire at Will law to all workers. The Nats on the committee don’t want to listen so they’re bullying submitters and refusing to even accept submissions that don’t toe their line.
It looked like Actors Equity and Peter Jackson had come to an agreement.
They’d even written a joint statement to announce the boycott was off.
So why has the whole thing blown up?
In three short years John Key and National have gone from economic bravado, to failure, to lies, excuses and whining. As the economy languishes they will have nothing to offer except more lies and excuses.
This is a time for fresh thinking, both globally and locally. But we won’t get it from National.
I’m generally a fan of Gareth Morgan, but boy his facts are wrong in yesterday’s Herald, leading him to really bad conclusions. Basically, Morgan argues that we have to let foreigners buy our assets because we use that money to buy more imports than we export, which we won’t be able to do if we block asset sales. Why is that a bad thing?
Thousands of workers are now leaving their work places to attend one of the 27 protests taking place today from Kaiatia to the Bluff against National’s draconian anti-worker policies. This one could be big. This is the day that Kiwi workers stand up and say that they have had enough of this government attacking our wages and work conditions. Update: 5-6 thousand at Parliament.
In contrast to National’s policy vacuum on the economy, Labour has been focusing its policy work on a major change in direction. It’s obvious that the hands-off approach introduced in the 1980s has failed, leading to mal-investment in housing with an economy stripped of its manufacturing capability and geared for import-dependent consumerism.
Trying to get my head around the economic arguments going on. Hearing contradictory things. Who’s telling the truth? ls Labour’s new overseas investment policy Stalinism that will ruin the economy, as Key claimed on Monday and Tuesday? Or is the same as the existing law, as Key claimed on Monday and Tuesday?
National have been running some fine lines of bullshit lately. Keith Ng’s recent post at Public Address calls them out on two of them. The first, National is trying to claim credit for low inflation. The Second, National is trying to claim that recent wage increases have been better than the previous 9 years. Keith takes the bullshit apart – dirty work, but someone has to do it.
This post isn’t about National cutting education at every level, which will damage our country for decades to come. Nor is it about how they’re cutting cost-efficient preventative medicine to fund ‘sexy’ elective surgery. It’s not even about how they’re pouring billions into holiday highways in the era of peak oil. This is about the Cullen Fund.
John Key says that if we don’t let overseas buyers snap up our farmland then land prices will decrease and some over-leveraged farmers will go underwater. And that’s supposedly a bad thing. Key wants us to believe that foreigners putting our farmland out of the reach of Kiwis and making us borrow more from the Aussie banks is a good thing.
The Nats are trying to take credit for the fact that annual inflation in the year to September was the lowest since 2004. What exactly did they do? Dig into the numbers and the cause of the lower inflation is a weak global economy, not National. Already, inflation is climbing, 1.1% this quarter, and will break 5% next year thanks to the GST hike.
For some reason, the Nats hate public education. Even an elitist fool should be able to see that a well-educated workforce is valuable and public education is the cheapest way to achieve it. Yet National is attacking education at every level. The latest ‘offer’ to the secondary teachers would see them take 2 years of after-inflation pay cuts.
Unemployment is up, wages are down. But the Nats want to put the boot into workers to keep costs down for their rich mates. They’re trying to take away workers’ rights, remove protections, cut pay, reduce holidays and diminish access to sick leave. Tomorrow is the national day of action when we fight back.
Phil Goff made an excellent speech yesterday. One that showed far more direction, and a lot of promise for going forward. Hopefully Labour […]
Yesterday, former National media trainer Paul Holmes and former National Party President Michelle Boag attempted an extraordinary hatchet job on Phil Goff on Q+A. No analysis of the real policy divide that Goff and Labour with National carved out at the national conference, just attack – why? The economy, policy, Key’s fading brand, and the polls.
It’s great to hear Phil Goff announce that a Labour government won’t let overseas interests to own more than 25% of monopolistic companies, like ports and airports, and farmland. In the new world economy we’re moving into, a global scramble for vital natural resources like farmland, we need to keep the foundations of our economy in Kiwi hands.
In his last column Garth George laments how foods he regularly enjoyed in his childhood (1870s?) are now priced beyond the reach of most New Zealanders. It’s easy to dismiss the complaints of an old man about prices these days but there’s a deeper story: with population growth and resource depletion, there increasingly isn’t enough to go around.
Here’s John Cleese, Ronnie Barker and Ronnie Corbett in the classic “An Understanding of Class”, a lovely commentary on one of the pillars […]
An article in The Economist looks at the failing basis of polling techniques in the USA. It isn’t that much different to the circumstances here.
“The proportion of those called who end up taking part in a survey has fallen steadily, from 35% or so in the 1990s to 15% or less now, according to Mr Keeter. Reaching young people is especially difficult. Only old ladies answer the phone…”
John Armstrong is at his insightful best today. He’s hit on the emerging change in the political discourse – the economy is going to crap and that’s what really matters, not the meltdowns of minor MPs and racist TV monkeys. And this do nothing government doesn’t care and has no solutions. This is Labour’s chance to offer a real alternative:
National is developing an agenda for privatisation. It’s crazy. State owned assets are generating some rare bright spots in an otherwise dismal sea of poor economic news. So why would any rational government sell ACC (or other state owned assets)? Why would any rational government be cutting back on the Cullen Fund? Why are the Nats determined to kill the golden geese?
So John Key was unusually forthcoming to a question this morning – he was very keen to give poor Kerry Prendergast a job.
Key knows how hard his government has made it to get a job, so he’s eager to help her out.
The government is refusing to step up to save IHC providers that are insolvent due to a recent court case that resulted in IHC carers being awarded hundreds of millions in back wages. The government is washing its hands, even though it is the primary funder of the services. Will the Nats let IHC collapse or will they use this to bring in their corporate mates?
In the US banks that turned mortgages into “complex financial instruments” that were so complex nobody knows who owns what are foreclosing on homeowners.
That’s despite the banks having failed to prove they have a right to. And the justice system is backing the big money. It’s gangster capitalism at its finest.
Congressman Alan Grayson explains…
Parliament has published a research paper called The Next Oil Shock. It’s a pretty sober look at the difficulties the world is facing in producing enough oil to meet demand. The conclusions are inescapable: we can’t produce enough oil and a cycle of oil-driven recessions is coming. Are our leaders finally waking up to the impeding crisis of peak oil?
Treasury have made their submission to the Welfare Working Group. Amongst the usual beneficiary-bashing and demands for privatisation, there are a couple of rare admissions that workers’ rights need strengthening. Which do we think will make it through…
If you resign from your job today will your boss give you half a year’s pay as a parting gift? No? Funny because that, apparently, is standard practice for high-paid stars. It is being reported Paul Henry received up to $150,000 from TVNZ when he resigned due to the storm over his racist remarks. And that was regarded as a good deal for TVNZ!
It was a year ago that Paula Bennett first declared victory over rising unemployment. Since then, John Key has been working his economic strategy hard: high-fiving every schoolgirl he can find, playing with spiders, announcing and re-annoucing literally tens of kilometres of cycleway, smiling and waving till it hurts. But dole numbers are rising.
The CTU has just released its Alternative Economic Strategy. Well, they call it ‘alternative’ but it’s not like the Nats have one beyond Key smiling and waving. Anyway, the CTU’s Economic Strategy is an extremely impressive document. It goes through the current problems and suggests 100 reforms for a more successful, fair economy and country.
David Clark is the Labour Party’s new candidate for Dunedin North. He’s been talking to innovative local technology start-ups, and hearing about some of the barriers to success.
TVNZ have announced the resignation of Paul Henry. John Key’s going to have a LOT of angry rednecks on his case over this […]
The last in a series of 6 summarising the argument of The Spirit Level. This post looks at how we might achieve a more equitable future.
This government seems to have confused the means and the ends. Growth and money have become the ends, when they only ever should have been the means. Surely what should matter now is that we have a happy, fulfilled society, where people have the opportunity to do what they want.
India’s External Affairs Minister SM Krishna has summoned the New Zealand High Commissioner in New Delhi to please explain Paul Henry’s ultra-racist outburt […]
The just released Income Survey is more evidence of the Key Government’s failure to deliver for working Kiwis. After inflation, this is the third successive year in which the median income of New Zealanders has fallen. It’s now nearly 5% lower than when National came to power. This year alone, the median income fell 3.5%.
Bernard Hickey continues his politico-economic rebirth. Yesterday, he wrote on how New Zealand can protect itself from dangerous international capital flows that undermine our economy and our ability to choose our own path. We shouldn’t leave the guidance of our economy to the invisible hand of blind, fallible, and valueless markets.
