There really isn’t any doubt about this any more, the free-market ideology put forward by the Chicago School of Economics (and the Austrian school) and slavishly followed by National, Act and Labour is predicted on fully informed individuals making rational choices. But individuals just don’t have enough knowledge to know what is best and the market as a whole is irrational as a result.
National is governing like National governs. Anyone could have foreseen this, there were plenty of clues, but its only now are people who switched to Key waking up to the fact that he’s just the grinning face on the same old beast. I wonder: if someone is smart enough to see that Key’s government is a failure now, how were they dumb enough to ever believe things would be different?
Parliament erupted in laughter yesterday as Bill English made up more ‘facts’ to attack Labour’s economic performance. Even if his accusations against Labour’s record were true, he doesn’t have any solutions himself. Indeed, the reason he is spending so much time trying to smear Labour’s record is he is desperate to make is own record look less appalling by comparison.
The UN says the number of people suffering from the massive floods in Pakistan — an estimated 20 million — could exceed the […]
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We managed to miss The Standard’s third birthday a few days ago despite some earlier avowed intentions to make a fuss over it. The site started on August 15th 2007 and has grown into a massive community project of the left since then. Long may it continue….
When John Steinbeck said “No one wants advice – only corroboration†he could well have been describing the numerous working groups the Government has established in many areas of significant economic and social policy. Too lazy to spend its nine years in opposition developing a detailed policy prescription, National now picks groups to tell it what it wants to hear.
Clad in traditional climate change denier headwear, John Boscawen today assumed the role of ACT Deputy Leader, vowing to use his new powers to launch a crusade against NIWA. Standing beside him, Rodney Hide told reporters “Don’t give me that look. At least he’s not David Garrett”
In the last seven days a triple-conjunction of political portents has publicly demonstrated just how bankrupt of imagination and policy this current government truly is. The lack of direction and paucity of creative ideas is breath-taking. A “caretaker-government” would be a polite euphemism in this context.
The legacy of the Maori Party should not be waving the seabed and foreshore legislation in the air like Neville Chamberlain and rejoicing at the sop given by the Machiavellian elite – not while another child lies dying of a brain injury. The Minister for Maori Affairs should not be working to save illegal buildings on a gang HQ when Maori children are being abused at a sickening rate.
Believing that a law suit will make climate change disappear is up there with believing the king can turn back the tides (which poor, maligned Canute was trying to disprove, btw). Nonetheless, the New Zealand Climate Science Coalition, which appears to know little about the climate and less about science, is giving it a go. Nick S takes a more detailed look at the issue.
Peter Dunne admits that income splitting will be available to only 310,000 families. The other 1.3 million will get nothing and be left to pick up the bill. Even of the lucky 19%, only a fraction will get big tax cuts. Most will get squat but a few families with big disparities between the partners’ incomes win big. Key has voted himself $22K of tax cuts so far, this would be another $9K. Will he be tempted?
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Key said put up or shut up.
The CTU and some gutsy workers are putting up.
Will Key have the guts to answer them?
Brian Edwards and Bill Ralston give contrasting accounts of Michael Laws’ PR handling of his latest relationship issues. Edwards thinks Laws dealt with it […]
What do you do when you find science inconvenient to your ideology? Why, you strike it down! Burn the heretics! Or in the modern equivalent, you set the lawyers on them, and try and have the facts declared illegal.
Odd to see in the Sunday-Star Times that the Government is looking at introducing compulsory superannuation savings. After all, this is the same government that gutted Kiwisaver and the Cullen Fund just a year ago. Hmm, have they seen the light? Somehow I doubt it. The Nats see compulsory super savings as a replacement for the universal superannuation we have now.
Wayne Mapp has confirmed that the SAS has been involved in handing prisoners over to the NDS – a Afghan government body that tortures prisoners. Mapp indicated he didn’t give a damn what happens to the prisoners, calling them an “Afghan responsibility”. Sorry, Mapp, but you’ve got to take responsibility. Handing someone over to people you can reasonably expect will torture them is illegal.
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Prison doesn’t work. It keeps people off the streets, but, as psychiatrist James Gilligan says:
The most effective way to turn a non-violent person into a violent one is to send him to prison.1
More often than not we discuss politics and the economy only within the boundaries of current political structures.
But these structures can only offer limited democratic participation.
Perhaps the answer for the left is to embrace movement politics.
The Herald is carrying this piece by Phil Goff – I’m sure Phil won’t mind if we reproduce it here. If you have any constructive suggestions or comments for Phil, make them below. I’ll collate them and email them to him on our behalf.
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Some within Labour believe that the tide of popularity is beginning to go out on the National government. Commentators seem to be waking up too. John Armstrong takes the Nats to task for their scare-mongering on benefits. And Fran O’Sullivan, cuts to the chase – it’s the economy stupid.
Britain’s turfing 75% of people off their long-term sickness benefit on an arbitrary test. Let’s hope the Welfare Working Group doesn’t get ideas.
The Government is set to announce income splitting. Effectively, it allows a taxpayer to assign part of their income for taxation purposes to their partner on a lower income, the transferred income will be taxed at a lower rate. This will benefit a select group: wealthy nuclear families, especially those with a stay at home parent. An unaffordable, unfair, unnecessary policy.
In his ‘Key Notes’ this week, John Key claims that sending a handful of the business elite overseas to get MBAs will boost the economy. Seriously, 350,000 jobless Kiwis and the plan Key is bragging about is a million dollars worth of subsidies for the business elite as the solution to our woes? What a sick joke this government is. And it’s being played by the rich on the rest of us.
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We’ve already seen criticism of the move by National to introduce private prisons (eg. NZ Herald editorial). Now the soon-to-depart prison boss, Barry Matthews has indicated that he too has his doubts.
In Morning Report yesterday there was a clear question and statement on the difference between weather events and climate. This is a question that always seems to confuse our CCD’s (climate change deniers and skeptics). So it is worth examining it a bit in the view of some of the unusual weather that has been happening recently. A increased frequency of such events is going to be the main effect of climate change over time, leading eventually to famines.
So, it looks like we’re heading back into recession. We’re going to have to get used to the idea that we can’t depend on perpetual economic growth to deliver rising living standards to all. We could make nearly everyone wealthier with a fairer distribution of wealth but the opposite is happening. This is simply class war; a battle over shares of a diminishing prize. And we’re letting the rich win.
Climate change, peak oil, resource exhaustion, and over-population are combing to cause a new food crisis. Grains supply half the calories we consume directly and feed much of our live-stock. The prices of those are skyrocketing because supply can’t match demand. Starting with Russia, major exporters are limiting the amount they send abroad to keep what they have for their own people.
John Key challenged the unions to “put up or shut up”. So they’re going to put up. The CTU has launched a campaign to name and shame businesses that are abusing the fire at will (90 day probation) bill. It’s a campaign based around personal stories. Heather Smith tells the first of many…
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