Tag Archives: Neoliberalism

Modern Monetary Theory; The magic money tree? Overview Part 1

This is a multi part exposition of Modern Monetary Theory (MMT) & the closely associated topics of a Job Guarantee & deficit financing. It also along the way challenges the ideological political & economic project commonly referred to as neoliberalism. The topic may seem dry, esoteric or even boring, but its implications are profound, affecting […]

The Gareth Morgan Show

It was only a matter of time before Gareth Morgan entered the political sphere with the Opportunities Party. As a wealthy philanthropist, one time economist/kiwisaver fund manager and author of The Big Kahuna he has the time, resources and intellectual firepower to make a mark on New Zealand politics. It would be a shame if his […]

SSC – how much are our senior bureaucrats really worth?

The fallout over Roger Sutton’s resignation and State Services Commissioner Iain Rennie’s handling of it raises issues beyond inappropriate behaviour and its sterilisation by the old boys network. The golden handshakes available to those at the top of the government department/quango/SOE food chain, on top of their excessively high salaries, and the very different treatment meted […]

Automation, immigration and low wages

Following on from other recent posts on the effect of automation and immigration on employment comes this Sydney Morning Herald article by Tony Featherstone – The white-collar jobs turning light blue. It goes further in criticising the over selling of tertiary education as a solution. Read the comments. The resentment of Australians towards immigrants, or […]

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 […]

Part-time, self-employed or unemployed?

A provocative opinion piece by Paul Mason in The Guardian titled The young, skint and self-employed need a radical new labour market. It highlights the struggle for the low paid and involuntary “self-employed” in Britain, how precarious their lives have become and how for many the global market and immigration has not opened opportunities in their field but merely […]

1935 – Labour, Fletchers and State Houses

New Zealand has a long history of government provision of state housing – well built homes funded by the state but built by private enterprise and rented to low income families. The first Labour government wasn’t the first to build them. That honour goes to the Seddon Liberal Government with its 1905 Workers’ Dwellings Act. But […]