- October 21, 2017 at 10:14 pm #1647920
Jens, Yes, And in the words of Dame Ann Salmond “Over the past 33 years the neo-liberal idea of a free market ruled by naked self-interest has led to radical disparities of wealth and privilege,and an erosion of care for others and our beautiful land.”
Peoples Republic Of ChristchurchOctober 22, 2017 at 4:17 pm #1647948
jensMemberMember since: May 3, 2006
Dr Livingstone – let us say, the neo-liberalists’ free market principle won democratic elections because they corrected the excessively counterprodutive, economy and enterprise stifling economic management principles culminating under the democratically endorsed regime of Mr. Muldoon – (i.e. PAYGO NZ Super from age 60, subsidies to sheep farmers etc. etc.)
Priority attention to market forces certainly paid off, and there was even some noticeable “trickle down” e.g. in the widening affordability of motorcars – (which unfortunately contributed to widening poverty in that wealth consuming private car ownership became a priority over wealth creative home ownership for too many young people! ?) –
but the myopic, hedonistic and almost anarchist libertarian principle of “everyone knows best what is best for him/herself” quite naturally led to the wealthy becoming more wealthy – and the hedonistic, “hand-to-mouth” consumers becoming and remaining poor, resulting in increasing socio-economic polarization into “Haves” and “Have-Nots”.
So, Dr. Livingstone – I suggest, as it would be unwise for the new government to ignore the demand and supply realities revealed by markets, and the resulting market values in relation to the costs involved –
then instead of just blindly condemning “neo-liberalist” capitalism, would it not be more realistic and constructive to focus on amending its excessive liberalism and “Haves ” based socio-economically deplorable capitalism into a preferably 100% of of population participating “people’s capitalism” ?
Blindly condemning or ignoring this without discussing the pros and cons of it does not contribute to progress in knowledge about socio-economic welfare.October 22, 2017 at 5:15 pm #1647954
The minimum wage will also go up in Labours first 100 days.first to Labours promised $16.50 per hour.then beyond as its NZ Firsts policy to raise it to $20.00 per hour It was a strong focus for Mr Peters ,it was a strong focus for us said Jacinda Ardern.You,ll see change in that area.We have to make sure we can balance the need to see that wage increase whilst at the same time ensure that we give enough notice so we can ensure the cushioning for those who are paying those wages
Peoples Republic Of ChristchurchOctober 22, 2017 at 5:51 pm #1647961
halcyonMemberMember since: May 4, 2014
The only way for NZ to retain its current export remuneration is by a lowering of the value of the Dollar. The challenge for Labour is to move wages forward without increasing unemployment.
Most businesses have limited options to cover increased labour costs. Those who can will increase prices. Those who can not will either have to manage with less employees or close their doors.
A reduction in the value of the dollar will increase returns on exports but will also increase the costs of imports.
It will be an interesting 3 years as we watch to see if Labour can manage to fulfill their policies while acting in a fiscally responsible manner.October 22, 2017 at 9:06 pm #1647984
No nearer to the truth I think is that Jacinda’s Grandma was a fervent Labour supporter and would go around local businesses waving a bucket under the business owners nose looking for $$$. Those businesses who did not oblige were then boycotted by Grandma. Jacinda had said so in an interview somewhere in the lead up to the election. If the Ardern household – Grandma & Grandpa – were passionate Labour supporters, then I can guarantee the talk around the kitchen table would have been all about the rich dairy farmers and all that money! It was like that back then. We have extended family who are ex-dairy farmers so I can assure you that talk still exists. That’s where she would have formed her views on capitalism and rich pricks – a lot of dairy farm kids went to school in Morrinsville 20 odd years ago as they still do now. Dairying was doing ok. Farms were selling for a few $m. Townfolk can’t process that. So it’s utu from Jacinda – not fair that she wasn’t born into a wealthy family. And there wouldn’t have been kids roaming around Morrinsville starving to death. I call her out on her bullshit. She’s proved that she’s deceitful, willing to be bought and will go down in history as one of the most disliked Prime Ministers. She gets to foist her visions upon the rest of us and we are powerless to stop this wrecking ball in its tracks…..October 22, 2017 at 9:11 pm #1647985
Labour sells out Kermadecs to gain power.
Stuff reports :
New Zealand’s biggest ocean sanctuary is dead in the water, in a Winston Peters deal that has blindsided the Greens.
The 620,000 sq km Kermadec Ocean Sanctuary, announced by John Key at the United Nations in 2015, was hailed around the world and passed its first reading in Parliament unopposed.
But fishing companies and iwi bodies filed legal action opposing it, saying the sanctuary would deny them fishing rights agreed in Treaty settlements.
Even though basically no-one actually fishes there!
NZ First, whose senior MPs are close to the fishing industry and whose campaign was partly bankrolled by players in the fishing industry, demanded Labour stop the sanctuary.
And it is understood Jacinda Ardern agreed a Labour-NZ First government would not progress legislation to establish the sanctuary in this three-year Parliamentary term.
So Jacinda did a deal with NZ First to appease the NZ First corporate donors!
The Kermadec sanctuary was one of the dealbreakers that swung negotiations in Labour’s favour.
So they sold out the world’s largest marine sanctuary in order to gain power from Mr 7%. How does that fit with the values they talk about so much.
She told Stuff she was not aware of the Kermadec sanctuary being killed off. “We have yet to see the coalition agreement between Labour and New Zealand First,” she said. “I’m not going to comment on speculation and rumour.”
So we have a Mickey Mouse Government of three parties where they don’t even know what each party has agreed!
But fishing industry spokesman Charles Hufflett, a shareholder in family fishing company Solander, said the industry had lobbied NZ First to stop the sanctuary.
A big win for the fishing industry and a blow for conservation.
NZ First leader Winston Peters and senior MP Shane Jones are intimately involved with the fishing industry. Fishing industry players associated with Talley’s, Sealord, Simunovich and Vela Fishing have all donated to their campaigns, either this election or previously.
Winston is loyal to his donors.October 22, 2017 at 9:22 pm #1647986
Dr.Livingstone, As the minimum wage goes up unemployment goes up as businesses downsize or close.
You’ll see changes in that area for certain. Production costs without increased productivity will see further robotics.
You would think by now, with the advancement of robotics, workers would be thinking ‘how can I safeguard my job?’October 22, 2017 at 9:31 pm #1647987
Sir Nigel, the value of the kiwi dollar has been dropping every day since the new government was announced. So adding that effect to the oil companies upping the price, petrol could well be around $3 a litre by Christmas.October 22, 2017 at 9:36 pm #1647988
mommabear,Dirty tricks brigade starting early.And Fake News!
Peoples Republic Of ChristchurchOctober 22, 2017 at 10:06 pm #1647991
“Most businesses have limited options to cover increased labour costs. Those who can will increase prices. Those who cannot will either have to manage with less employees or close their doors.”
For Government departments however that don’t want to manage with less employees, the government will demand more and higher taxes on the population.
If $20 an hour isn’t a problem, hell, let’s make it $50 an hour.
You must be logged in to reply to this topic.