There is no “strong and stable” government to “lead” us. Maximum uncertainty! No end in sight! According to received wisdom (and all those people in a self-interested rush to ordain the born-to-rule-party) the market should be panicking! In fact…
Auckland has an urgent deficit of 20,000 to 30,000 houses. Meanwhile 22,000 houses are sitting empty. Behold the efficiency of the market!
Relevant in so many ways to current events in NZ, here are extracts from an excellent article by George Monbiot. Read the full piece in The Guardian or at monbiot.com.
“Markets have become increasingly concerned that the austerity programmes in the eurozone are causing a vicious circle of recession”, and “Markets were confused by mixed messages from European capitals”. I have only one word of reply: Bollocks. Did anyone phone me to ask how I, The Markets, was feeling about these subjects? Did they hell!
Climate change and a shoals of dirty little red herrings would seem to go together like salt and pepper or cheese and pickle.
