The Standard

Economy

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

Categories under Economy

Towards National Recovery

Written By: - Date published: 7:00 am, February 20th, 2023 - 42 comments

Just over seven months from the election the Labour government has been granted as great a political momentum as that leading into the 2020 election.

What Chat GPT thinks of the Standard

Written By: - Date published: 10:28 am, February 18th, 2023 - 27 comments

I thought that I would get Chat GPT to write 500 words on the Standard and this is what it came up with.

The great reset

Written By: - Date published: 7:45 am, February 9th, 2023 - 109 comments

Chris Hipkins has announced the great policy reset and there are no surprises.

National is showing its class prejudice

Written By: - Date published: 8:54 am, January 27th, 2023 - 26 comments

National Deputy Leader Nicola Willis said yesterday that it was a great shame that the minimum wage had increased by so much because it means the Government can’t do it now to help low-income Kiwis make ends meet without stoking inflation.

CTU – Put the cost of fixing inflation on those who caused it, not on working people

Written By: - Date published: 5:29 pm, January 23rd, 2023 - 104 comments

Given the real causes of high inflation, the idea that the answer to inflation is to cut wages, cut employment, and cut public services is ridiculous. It’s more than ridiculous. It’s immoral.

Your Mindset and Your Money

Written By: - Date published: 1:29 pm, January 18th, 2023 - 48 comments

Mega property owning entrepreneur Graeme Fowler thinks we can all be rich if we just changed our attitude.

The curious case of Liz Truss

Written By: - Date published: 6:57 am, January 17th, 2023 - 34 comments

The Daily Fail on the Truss mini-budget

The truth is, the throwing caution to the wind approach of slashing taxes, removing restrictions on banker bonuses, and slashing other regulations such as IR35 were all consistent with what he and Truss had argued in Britannia Unchained a decade earlier. And these ideas found favour with the Conservative Party membership – with the idealised view of Thatcher’s vision of small government, deregulation and low taxation. For the general public, this was not so much ‘Britannia Unchained’ as ‘Libertarians Unhinged.

The Occupy Movement and the response to the 2008 financial crisis

Written By: - Date published: 1:39 am, January 14th, 2023 - 4 comments

We are the 99%

As the world currently goes through a post-pandemic and Russian invasion of Ukraine fuelled economic crisis, it is interesting to reflect on the economic crisis of over a decade ago and how the public responded at that time.

The end of the post war boom

Written By: - Date published: 7:56 am, January 11th, 2023 - 87 comments

Tendancy for the rate of profit to fall

Throughout my time being active in politics, people have discussed the rise of Neo-Liberalism and the free market that occurred throughout much of the world from the late 1970s onwards. Yet few seem to really understand the reasons for this significant shift in economic policy at that time, which continues to shape our society today.

New Zealand is in a terrible state *

Written By: - Date published: 10:55 am, January 6th, 2023 - 116 comments

* or is it?

Trump’s tax returns

Written By: - Date published: 2:47 pm, January 2nd, 2023 - 18 comments

One of the mysteries of the ages has now been resolved.  One of the great mysteries along with who killed JFK and is there life on Mars is how wealthy is the orange one.  And now we know. And it appears that he is not as wealthy as he made out to be.

The smartest guys in the room

Written By: - Date published: 7:08 am, December 24th, 2022 - 9 comments

Vector has received a warning letter from the Commerce Commission for attempting to artificially boost the value of assets so that price increases for power could be imposed.

Federated Farmers – climate change “probably” exists

Written By: - Date published: 11:35 am, December 23rd, 2022 - 49 comments

Federated Farmers leader Andrew Hoggard thinks that climate change is probably happening but we will have to wait 50 to 100 years to see the effects.

Be afraid, be very afraid …

Written By: - Date published: 7:20 am, December 22nd, 2022 - 165 comments

David Seymour is feeling his oats and has claimed that past National Governments never changes anything.  A brief review of history would suggest otherwise.

Celebrating 50th Anniversary of PRC recognition

Written By: - Date published: 10:12 pm, December 21st, 2022 - 15 comments

“When Joe met Chou, we have opened the door and said hello” captions the photo of the Beijing meeting between  Joe Walding and Chou EnLai in March 1973. It followed New Zealand’s recognition of the People’s Republic of China on December 22, 1972, an anniversary definitely worth celebrating.

Why selling Auckland Airport shares is a silly thing to do

Written By: - Date published: 7:21 am, December 20th, 2022 - 34 comments

Wayne Brown is proposing the sale of Auckland Council’s Airport shares to plug a budget hole.  He thinks it is a simple decision and a rational way to take care of the deficit.  I beg to differ.

India and Free Trade – finally someone turned the lights on

Written By: - Date published: 12:26 pm, December 19th, 2022 - 16 comments

After nearly 20 years of frustrating ‘Free Trade’ talks between India and New Zealand, the chair of the India New Zealand Business Council (INZBC), Earl Rattray, has acknowledged that “a different approach to the traditional Free Trade Agreements which have served us well in many markets will be needed for India.” Whew. About time.

Push Back Against Tyranny and Win

Written By: - Date published: 8:48 am, December 17th, 2022 - 136 comments

Australia is showing New Zealand how to resist the authoritarian Xi Jinping’s pressure and stay prosperous at the same time.

Richard Heinberg: The Final Doubling

Written By: - Date published: 7:37 am, December 16th, 2022 - 80 comments

Can humans decouple resource overuse from economic growth?

Labour’s big reset

Written By: - Date published: 7:46 am, December 13th, 2022 - 77 comments

New Zealand politics is at an interesting stage.  With announcements about Ministerial futures pending and with a review of all current projects to occur over Christmas Jadinda Ardern is planning to repurpose Labour to have its best chance in the election next year.

Sustainability Sunday

Written By: - Date published: 2:47 pm, December 4th, 2022 - 6 comments

So many good initiatives that demonstrate that sustainability and community resiliency are intertwined. The sheer numbers of people involved now is heartening at a time when we are inundated with what is going wrong.

We’ve never had so much choice in what we can do to effect good change. We know the problems, now is the time to put our attention to the solutions, what is already working. and then get on with it.

Luxon’s first year

Written By: - Date published: 8:46 am, December 4th, 2022 - 56 comments

Chris Luxon marked the anniversary of his becoming National leader this week by showing that he is that out of touch he had no idea what the single rate of superannuation is.

What Is Labour’s Purpose This Term?

Written By: - Date published: 7:57 am, November 28th, 2022 - 35 comments

It is time to set out succinctly and without recourse to abstract nouns exactly what this Labour government has intended, is doing, and how it seeks to alter the country.

Overblown rhetoric and Laura Norder

Written By: - Date published: 10:19 am, November 27th, 2022 - 69 comments

This week has seen some extreme rhetoric from various quarters about who to blame for a recent senseless killing.  But news that the person arrested had recently been extradited from Australia has shown the rhetoric to be entirely misplaced.

Can New Zealand’s Tech Sector Ride Adjustment Out?

Written By: - Date published: 7:48 am, November 24th, 2022 - 20 comments

Remember when New Zealand farming was a sunset industry and tech would rise in its place?

Diplomatic Values

Written By: - Date published: 5:39 pm, November 21st, 2022 - 4 comments

Trudeau got a 10-minute stand-up with Xi followed by a public shirt-fronting, Albanese a 32-minute sit-down, and Jacinda Ardern a 50-minute formal bilateral. In the carefully calibrated world of the diplomatic dance-card, that says something. New Zealand would be foolish not to take advantage of what is on offer from China.

National’s Boot Camps announcement is deeply cynical policy recycling

Written By: - Date published: 10:27 am, November 21st, 2022 - 28 comments

There should be a law against the cynical recycling of dog whistle policies that everyone knows will not work. Last week’s announcement by National of a boot camp policy is as good an example as you can imagine.

Can We Prepare for 2023?

Written By: - Date published: 7:48 am, November 20th, 2022 - 69 comments

2023 is going to hit New Zealanders hard. Since the 2011 Christchurch earthquakes New Zealand has been beset by a new major crisis about once every two years. 2022 was our year off and get ready we are in for a strange and hard recession.

The power companies are rorting us

Written By: - Date published: 8:30 am, November 15th, 2022 - 25 comments

FIRST Union, NZCTU, and 350 Aotearoa have just released a joint report suggesting that the privatisation of our power companies by National were not only disastrous for the country’s finances but also disastrous for the planet.

Equality for the Black Ferns

Written By: - Date published: 10:39 am, November 13th, 2022 - 42 comments

After the epic Women’s World Cup result from last night’s final the question has to be asked, why aren’t the Black Ferns and the All Blacks paid the same amount?

Why Is Labour Such a Hard Sell Now?

Written By: - Date published: 7:40 am, November 10th, 2022 - 140 comments

So why is Labour and Ardern struggling when the economy is so strong?