Tag Archives: National

Why can’t we have full employment in New Zealand?

Somewhere in the last 30 years politicians and economists decided real full employment was “inefficient” and damaging to the economy. So they redefined full employment as the natural or equilibrium rate of unemployment, the lowest level of unemployment at which inflation remains stable. (Also known as the “non-accelerating inflation rate of unemployment” (NAIRU).) Economists start to […]

Labour and National in housing twilight zone

Both the Labour Party and the National Party are deluded when it comes to affordable housing. This weekend on The Nation, Housing Minister Nick Smith said $460,000 was “within reach” of first home buyers. Seriously? Phil Twyford was no better, referring to targeted prices for affordable housing in Auckland under their Kiwibuild policy of a […]

National and Labour in denial on housing affordability

National’s big election initative on housing was a woeful anti-climax. The offer to top up qualifying first home buyer’s Kiwisaver deposits does nothing to address affordability. Indeed if the First Home Buyer subsidies of Australia and Britain are any indication it will drive affordability further out of reach as rising prices more than outweigh slightly larger […]

What Whale Oil says about us

With a face only the most one eyed mother could love and an oral orifice that delights in spewing forth personal bile, Cameron Slater is either a very clever, self promoting narcissist or a self loathing creep looking for attention. Maybe both. The saddest thing Nicky Hager’s book Dirty Politics causes us to reflect on, is […]

nz youth: Burn more flags and shout all you like

The Internet/Mana alliance has been a breath of fresh air into the stale status quo of New Zealand politics. Not for Hone Harawira or Kim Dot Com the poll driven, focus grouped, bland pronunciations of Labour and National, and increasingly the Greens, boldly trying to offend as few of the smug bourgeois “centre” vote as […]

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, […]