The Standard

Economy

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

Categories under Economy

BluffGeld

Written By: - Date published: 3:41 pm, January 14th, 2021 - 46 comments

The way that the smelter operates is the exact equivalent of some thuggish barbarians with big swords extracting tribute for not burning, raping and pillaging. In other words Danegeld or any other form of protection racket exactly as No Right Turn points out.  I’ll repeat his succinct post here. Meantime how can I encourage the wasteful fools at Meridian (and Contact) to start thinking about their paying customers rather than barbarian freeloaders

Without the handbrake what should this Government do?

Written By: - Date published: 9:52 am, January 1st, 2021 - 112 comments

Welcome to 2021.  This is the year for the Labour Government to be brave.  What should it seek to achieve this year?

Words of Outrage or Outrageous Action?

Written By: - Date published: 7:00 am, December 24th, 2020 - 30 comments

Do you reward rage with rage or do you ignore it and walk away quietly?

Beefing up the border – expensive and essential

Written By: - Date published: 11:31 am, December 21st, 2020 - 30 comments

From a few days ago (it seems like an eternity), RNZ reported “Govt to pump almost $3 billion into its Covid-19 response after report identified failings”. There were several points I’d make about the border controls and generally with our border and the long slow years in constraining this pandemic. But the Sydney outbreak and the UK Xmas Grinch appear to be making them for me already.

The Malthusian Spectre

Written By: - Date published: 10:52 am, December 20th, 2020 - 46 comments

Population has always been a critical driver of events and prior to the Industrial Revolution we lived in a zero sum world, with energy and resources effectively limited to that which could be harvested from photosynthesis, one person’s gain was at the limit, always someone else’s loss. Very low density hunter gather populations could thrive […]

Must New Zealand Pay Back All This Public Debt?

Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments

Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.

Shock horror, trickle down does not work

Written By: - Date published: 7:31 am, December 18th, 2020 - 54 comments

In yet another study academics at the London School of Economics have concluded that trickle down leads to higher income inequality but do not have any significant effect on economic growth or unemployment.

The Government’s finances are in very good shape

Written By: - Date published: 7:55 am, December 17th, 2020 - 66 comments

The Government’s finances are in remarkably good shape.  Who would have predicted that dealing properly with a global pandemic would have had better results for the economy than timidly dealing with it and trying to ensure that economic activity continued? But by international levels our Government debt is already low and maybe now is the time to spend on vital areas such as poverty, climate change and the housing crisis.

Brexit revisited

Written By: - Date published: 7:19 am, December 13th, 2020 - 19 comments

With Brexit looming there is talk of unfinished customs software and the possibility of chaos around ports, the UK’s food supply being compromised, and potential skirmishes with France at fishing spots.  And Angela Merkel and Emmanuel Macron are refusing to talk to Boris Johnson.  Hang on England, this is going to get wild.

How can NZ incomes be lifted to match housing costs?

Written By: - Date published: 10:37 am, December 12th, 2020 - 68 comments

Not a vague let’s raise wages and benefits explanation, but an in-depth, number crunching, evidence-driven explanation. Where is it?

Energy’s Iron Triangle.

Written By: - Date published: 7:46 am, December 11th, 2020 - 62 comments

For those who don’t trawl through all the comments; a little personal background. I’ve been fortunate enough to have just finished up a 40 year career in technology and automation, most of it in heavy industry. Looking back it’s been one hell of an adventure, tough at times, but I’ve been one of those lucky […]

The human Pangaea

Written By: - Date published: 8:10 am, December 9th, 2020 - 16 comments

Humans have created the most recent virtual super-continent. At least as far as species movement has been concerned world wide. We’ve picked up species from around the world and transplanted them almost everywhere else – including microbiological. Pandemics will be the inevitable result. Could be amphibians dying off. It could be us. Perhaps it is time to have an intelligent discussion about the risks.

Tranquillum

Written By: - Date published: 7:28 pm, December 6th, 2020 - 134 comments

Don’t expect a jellyfish to grow a spine, they just bob along on the current and keep moving, gently, slowly, kindly.

“Beyond Jacinda” – Colin James and Cr Tamatha Paul

Written By: - Date published: 1:45 pm, December 3rd, 2020 - 20 comments

Colin James and Councillor Tamatha Paul will discuss Colin’s paper “Beyond Jacinda” on Monday 7 December at 5:30pm at Baptist Church, 46-48 Boulcott Street Wellington. It will also be shown on Zoom and available on YouTube. Registration links below. All Welcome.

National’s gonna National

Written By: - Date published: 8:25 am, December 2nd, 2020 - 73 comments

On two issues, pill testing at music festivals and tax changes to address the housing crisis, National yesterday indicated that it will do what conservative parties do and oppose any meaningful change.

The Speech From The Throne

Written By: - Date published: 7:35 am, November 27th, 2020 - 21 comments

I’m sure one needs a particular depth of political nerdiness to give a flying fig about such things, but since I am one of those, these are my highlights from the speech from the throne to Parliament this week.

Maiden Speech – Ibrahim Omer take a bow

Written By: - Date published: 9:11 pm, November 26th, 2020 - 9 comments

Ibrahim Omer, refugee, trade unionist, and living wage advocate gave his maiden speech today in Parliament.  If you want to watch an outstanding speech and shed a tear or two watch this.

Comrade David signals radical rewrite of Act’s living wage policy

Written By: - Date published: 7:36 am, November 25th, 2020 - 75 comments

Comrade David Seymour has signalled that Act may argue for a minimum wage of $50 per hour.

Sneak preview of a neoliberal UBI

Written By: - Date published: 1:27 pm, November 23rd, 2020 - 21 comments

Giving migrant workers access to insufficient welfare is a financial coercion tool of right wing and centrist economics.

No Right Turn: the obvious question

Written By: - Date published: 6:05 am, November 23rd, 2020 - 20 comments

One in four property speculators aren’t paying the bright-line tax.

Time’s up Labour

Written By: - Date published: 4:50 pm, November 20th, 2020 - 114 comments

It’s not possible to resolve New Zealand’s housing and poverty crises from within a neoliberal frame. Change is going to have to be driven from outside of parliament.

South Australia’s new Covid strain

Written By: - Date published: 7:53 am, November 19th, 2020 - 16 comments

During a week in which two Covid vaccines have been announced there is disturbing news coming out of Australia where a new more potent strain of the virus has appeared in South Australia.

Resiliency politics

Written By: - Date published: 6:05 am, November 19th, 2020 - 14 comments

With news of more global stressors next year, the stories we tell right now are critical to how we build resiliency. Let’s make sure they are good ones.

C’mon Grant

Written By: - Date published: 10:40 am, November 18th, 2020 - 51 comments

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.

They Are Not Morons

Written By: - Date published: 7:00 am, November 17th, 2020 - 76 comments

Donald Trump will be back for another go at the Presidency in 2024. Progressives should underestimate the possibility of his winning. Unless the remaining centre-left generates strategies that are executed so well that people feel the difference good politics makes, the elements of populism arising again will stay ready like the elements of a bomb. 

 

Powerdown part two

Written By: - Date published: 8:50 am, November 16th, 2020 - 90 comments

Christchurch transition engineer Susan Krumdieck lays out the realities of the various crises we are facing, and why green tech won’t save us. What can we do instead?

Capitalism’s end game

Written By: - Date published: 8:07 am, November 13th, 2020 - 145 comments

In Aotearoa New Zealand we are facing a new crisis. Not Covid, although the recent case of community spread is deeply concerning. The crisis is the value of houses.

COVID19 Vaccine and New Zealand’s K-Shaped Recovery

Written By: - Date published: 7:00 am, November 11th, 2020 - 36 comments

IF the discovery of a potential Covid vaccine looks like a new dawn, let’s not forget that this is the accelerating point of the K-shaped recovery New Zealand have been dreading. Our already rich are on the line heading upwards. They are getting richer because of a range of our Government policies.

A tsunami of wing clipped kiwi?

Written By: - Date published: 9:52 am, November 9th, 2020 - 45 comments

The rush back home has definitely been happening and appears to mainly be constrained at present by the limits on quarantine facilities. It has already helped to mitigate the drops in immigration and probably will in the future. Nowhere near as economically important and productive as our exports. But useful for reducing unemployment for those not exposed to the export economy.

Could the real Labour Party please stand up

Written By: - Date published: 8:21 am, October 29th, 2020 - 35 comments

We need to get the Labour government to focus on decreasing inequality and poverty in all its forms and effects. The new government needs to show that Labour has changed the country for good. Otherwise there’s no reason to vote for them in 2023.

The boy from Matamata

Written By: - Date published: 8:28 am, October 28th, 2020 - 43 comments

Trump deputy chief of staff Chris Liddell, who is also a Kiwi, has announced his candidacy to be head of the OECD.  The Greens have announced their opposition because he has been part of inhumane decisions and also decisions that undermine international institutions.  The right back him because he is a kiwi.  What should Labour do?