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Dire warnings of the bleeding obvious

Written By: - Date published: 7:57 am, December 1st, 2016 - 14 comments

cloud-house

Warnings from the government and the Reserve Bank that first home buyers are taking on too much debt. Prices are too high, wages are too low, interest rates are rising. These warnings are effectively telling the average first home buyer to give up.

Tax the Rich An animated fairy tale

Written By: - Date published: 8:52 am, November 30th, 2016 - 10 comments

lazy-rich-guy

A short video produced by US unions “to support a fairer tax system”.

The sharemarket moved because…

Written By: - Date published: 10:07 am, November 23rd, 2016 - 17 comments

hto-stock-daily-graph

This is just something that gets my goat, and there was a particularly egregious example on the RNZ Business News this morning. Apparently Wall St was going ‘gangbusters’, and the reason they came up with for that was ‘Wall St’ liking Donald Trump’s policies (lowering tax and building infrastructure apparently).  Not long ago Wall St […]

Trump and the NZ housing bubble

Written By: - Date published: 7:26 am, November 16th, 2016 - 21 comments

higher-interest-rates

The bright orange trigger for a sharp rise in mortgage interest rates may have just arrived. Our over-indebted home owners are highly vulnerable.

The Trump peace dividend: opportunity for rapprochement

Written By: - Date published: 11:25 am, November 12th, 2016 - 76 comments

trump-wanker

Walking back the last 5 plus years of escalating military, economic and diplomatic proxy war between Russia and the United States will be difficult. But it has to be done.

Flogging the dead TPP horse

Written By: - Date published: 12:55 pm, November 11th, 2016 - 24 comments

dead-horse100

The Nats are determined to keep flogging the TPP horse in Parliament. Someone should buy them a newspaper.

Trump final campaign ad

Written By: - Date published: 12:29 pm, November 6th, 2016 - 78 comments

clintontrump

Donald Trump’s last campaign ad lifts the mood of a relentlessly negative campaign between two massively disliked candidates.

Nats backsliding on tax haven law changes

Written By: - Date published: 7:54 am, November 1st, 2016 - 20 comments

key panama lie

The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.

Through the Looking Glass.

Written By: - Date published: 12:57 pm, October 31st, 2016 - 15 comments

social-security

The culture being addressed will be familiar enough to many here in NZ who deal with Work and Income. Government strategies to address that culture? Well, that’s another story. This isn’t just happening half a world away. It might as well be happening in another universe – back on the sane side of some looking glass NZ has fallen through.

Follow the money

Written By: - Date published: 8:21 am, October 30th, 2016 - 30 comments

shush money

Phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism Act is due to come into force soon and will require lawyers, accountants and other professionals to verify the source of client funds.  This will give the Government increased power to monitor capital flows.  What will they discover?

The Dreamworld tragedy is a perfect metaphor for a failing system

Written By: - Date published: 9:00 am, October 29th, 2016 - 71 comments

dreamworld

The loss of four lives at the Dreamworld fun park in the Gold Coast suggests that the corporate greed is good mantra is not working as well as we should expect.

Michael Moore: why blowing up the system and voting for Trump will feel good

Written By: - Date published: 8:24 am, October 28th, 2016 - 182 comments

moore-trump

Trump is the “human molotov cocktail” that many Americans have been waiting for.

Tory MP resigns on point of principle

Written By: - Date published: 9:26 am, October 26th, 2016 - 25 comments

head in the sand

No, not in NZ, of course. With bonus notes on a “grotesque folly”.

Workers, unions and the Labour party

Written By: - Date published: 9:16 am, October 23rd, 2016 - 198 comments

emily-blunt-unions-are-an-inconvenience

Convincing workers not to organise in their own best interests is one of the great successes of right-wing politics.

Maybe Karl Marx was right after all

Written By: - Date published: 8:54 am, October 22nd, 2016 - 43 comments

karl-marx

Barack Obama recently talked about the possible need for a universal basic income because of the disappearance of work. Is a UBI so different to collective ownership of wealth?

Hickey on debt

Written By: - Date published: 10:33 am, October 16th, 2016 - 30 comments

debt-slavery-478x315

Hickey in The Herald on Sunday: “Our household debt to income ratio of 165 per cent is now about 5 per cent above those previous highs of 2008 and rising quickly as debt rises around twice as fast as incomes.”

Racist Nats Attack Chinese Grannies Shock!

Written By: - Date published: 9:00 am, October 12th, 2016 - 67 comments

Michael "Worm Farm" Woodhouse

National have slammed the door shut on the parents of already settled migrants who wish to move to NZ to complete the family unit. Minister Michael Woodhouse accuses elderly Asians of bludging off the NZ taxpayer. You won’t believe the howls of outrage from the right!

Nothing’s Going to Happen.

Written By: - Date published: 3:00 pm, October 11th, 2016 - 104 comments

stampede

A wee reflection on our psychological fuck-edness.

International Days of Prayer and Action with Standing Rock

Written By: - Date published: 9:00 am, October 9th, 2016 - 3 comments

standing rock-petition

What we know is coming largely from outside the mainstream. Which is how it should be.

Water and cultural values

Written By: - Date published: 7:30 am, October 8th, 2016 - 60 comments

kids-swimming

Day one of the International Days of Prayer and Action with Standing Rock. Here’s a post on NZ’s relationship with water, and whether water is a resource or a taonga.

The Chief Prison Inspector’s report on Serco and MECF

Written By: - Date published: 9:30 am, October 7th, 2016 - 44 comments

Serco protest Kelvin Davis David Clendon-1

The Chief Prison Inspector’s report on Mount Eden Corrections Facility has now been released and has presented a damning judgment on Serco’s management of the prison.

Why we need to stand with Standing Rock

Written By: - Date published: 2:33 pm, October 6th, 2016 - 19 comments

standingrockprotestsolidarityfistraisedphoto

For seven months the next movement of social and environmental justice and resistance has been growing. We should be paying attention.

“We’re no longer citizens, we’re customers”

Written By: - Date published: 9:51 am, September 23rd, 2016 - 31 comments

annpettifor

Ann Pettifor, in New Zealand for lectures on the state of the financial world, talks to Nine-to-Noon about the most pressing problems.  Worth a listen.

Economics is still lost

Written By: - Date published: 12:25 pm, September 20th, 2016 - 54 comments

Zombie economics book

Paul Romer is an economist highly respected by his peers, and about to become the Chief Economist at the World Bank. He’s also just published a paper rubbishing the last 3 decades of macroeconomics.

Martin Wolf, chief economics commentator at the Financial Times is challenging fractional reserve banking. It’s certainly time for some new ideas.

The “Intellectual Yet Idiot” Class – Knowing what’s best for you

Written By: - Date published: 10:38 am, September 18th, 2016 - 241 comments

dilbert for human synergistics

When highly educated people end up being idiots, and uneducated people end up being smarter.

Fortress NZ

Written By: - Date published: 11:25 am, September 16th, 2016 - 120 comments

money-toilet

TS regular Tony Veitch has some practical ideas as to how we insulate NZ from the ravages of neoliberalism and climate change. Readers may agree with some, none or all of the suggestions. However, whichever way you look at it, the time for hand wringing is over. It’s time for action.

India’s general strike

Written By: - Date published: 8:30 am, September 13th, 2016 - 9 comments

indian-general-strike

The world’s biggest general strike ever occurred this month in India.

Big Oil in plain packaging

Written By: - Date published: 7:30 am, September 10th, 2016 - 95 comments

Piha no oil sea drilling protest-17

Big Tobacco was hit this week in New Zealand after Parliament passed laws requiring smokes to be sold in plain packaging. The science about the health threats posed by smoking is settled, as is the science over climate change. When can we expect laws being passed against the oil companies?

Video: neoliberalism as a colonising project

Written By: - Date published: 9:00 am, September 9th, 2016 - 29 comments

esra-logo

“If indigenous people were given a space to be able to think about what system would work for them, I don’t think that would look like capitalism” – Kassie Hartendorp speaking at the launch of ESRA last week.

NZ: Home of Rugby, Raping and Beer

Written By: - Date published: 3:30 pm, September 8th, 2016 - 103 comments

rugby

The whitewash of the rugby players who assaulted a woman at a post season piss up has been released. A mightily relieved rugby boss Steve Tew can now go into the rest of the season knowing that the All Black squad will not be affected by the loss of any players to suspension. The only person to have lost their job over the incident is the victim. How cool is that?

Video: What comes after neoliberalism?

Written By: - Date published: 1:02 pm, September 8th, 2016 - 8 comments

esra-logo

Nick Srnicek’s keynote talk at the launch of Economic and Social Research Aotearoa, on the role that left think tanks like ESRA can play in developing a post-capitalist politics for today.

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