Category Globalisation

TPP and the fallacy of free trade

Tomorrow there will be nationwide protests around New Zealand against the TPP agreement. Most of the opposition quite rightly centers around the agreement being less a pure free trade agreement between equal partners but rather a Corporate Bill of Rights, challenging national sovereignty on a whole host of areas that potentially crimp corporate profit making […]

The fallacy of trickledown

Further to arguments for Guaranteed Minimum Income, the threat to employment from new technology and the multiple fallacies in the current neoliberal economic model is this well publicised TED talk and Bloomberg op-ed piece by billionaire investor Nick Hanauer. He claims capital, investors, don’t create employment unless they absolutely have to. It is middle class […]

Guaranteed Minimum Income, Mana and the MSM

One of the most galling aspects of this election to me was the ganging up on the Mana Party and Hone Harawira by the entire political establishment. As far as I know, even the Greens were silent. Not only did the other parties conspire to remove Harawira from his Te Tai Tokerau seat, the media completely […]

How the current economic system fails

To reinforce many of the ideas I have expressed or highlighted over the last few years, this documentary is an excellent summary of many of them. Well worth a view, if a little American centric, but the messages are global. Extreme competitive individualism, extreme consumerism and extreme environmental degradation will destroy capitalism and perhaps western society.

Robots, Unemployment and the Universal Basic Income

Remember the futurist dream of the 50’s and 60’s? The one where machines, computers and robots did all the menial jobs and provided not only business with increased productivity but employees better job fulfillment and more leisure time. It might still happen but it is going to take a radical change in the status quo […]

Ponzi nation

As we enter the last couple of months before the general election it is worth talking about the unspoken cancer at the heart of New Zealand’s economic system. It seems to be off the election agenda. Sure it is not a purely kiwi disease but there is post GFC a smugness among many New Zealanders […]

Thomas Frank on Thomas Piketty

I haven’t read Thomas Piketty’s best seller Capital in the Twenty-First Century yet but I found much to applaud in Thomas Frank’s review of it on Salon. It resonates what the best heterodox economists/economic historians like Steve Keen and Michael Hudson have been saying for years. The criticism goes to the heart of of the fallacy of neo-liberalism, […]