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In praise of Michael Hudson

Written By: - Date published: 3:32 pm, November 3rd, 2022 - 39 comments

82-year old polymath Michael Hudson is my favourite economist. He currently lectures in China to million-strong audiences. His latest book is The Destiny of Civilisation: Finance Capitalism, Industrial Capitalism or Socialism. His latest article is well worth a read.

Should our future lie with NATO?

Written By: - Date published: 3:23 pm, June 21st, 2022 - 62 comments

Not content to stay in the North Atlantic, NATO is shortly about to reveal in Madrid its next ten-year plan to contain China. Jacinda Ardern will be there, who knows why. Are we nailing our colours to a flag at half-mast?

Everyone is over Covid

Written By: - Date published: 8:46 am, February 22nd, 2022 - 134 comments

Jacinda Ardern said yesterday that everyone is over Covid.  She is right.  We all want this to end.

Chloe Swarbrick Needs A Reset

Written By: - Date published: 11:01 am, February 10th, 2022 - 42 comments

Chloe Swarbrick has requested that the government help Auckland central’s restaurants.  But in a post Covid pre climate change world this is not going to help.

What about those neat capital gains on housing, eh?

Written By: - Date published: 12:48 pm, January 14th, 2022 - 184 comments

Labour are doing the things about the housing crisis they said they would. It’s not working.

It’s Time.

Written By: - Date published: 2:46 pm, January 10th, 2022 - 324 comments

In seven or eight days from now, the dutiful lackeys of the NZ government and the public health dept they direct, are set to come after every child in NZ between the ages of 5 and 12 with injections of m-RNA to hand.

The 2022 Economic Boom

Written By: - Date published: 11:18 am, December 12th, 2021 - 23 comments

New Zealand is seeing a strong, business-led recovery.  But what will we do with this success?

Class oppression and discrimination

Written By: - Date published: 12:45 pm, November 27th, 2021 - 79 comments

A brief analysis of power.

ANZ Bank clearly believes that greed is good

Written By: - Date published: 9:00 am, October 29th, 2021 - 131 comments

ANZ Bank has  just announced a $1.92 billion profit for the year to September 30, 2021.  This is about 1% of the nation’s Gross Domestic Product.

Jacinda Ardern: Tear Down This Wall

Written By: - Date published: 11:18 am, October 17th, 2021 - 109 comments

In the coming months Fortress New Zealand will be dismantled.  What will take its place?

China and Real Estate Developers

Written By: - Date published: 9:14 am, October 10th, 2021 - 17 comments

Speaking of contagion, China is dealing with an outbreak of real estate market ebola.

Government introduces law to assist tenants

Written By: - Date published: 8:59 am, September 29th, 2021 - 19 comments

Barry Soper and the Property Council are up in arms about proposals to ensure that all commercial tenants should only pay a fair proportion of their rental if their use of the premises has been affected by responses to the Covid pandemic.

We are stuck

Written By: - Date published: 7:13 am, August 12th, 2021 - 45 comments

New Zealand has one of the most concentrated and oligopolistic economies in the world, and also one of the least commercially protected societies. Will we ever be able to break out of it? If you look across our society, it is the relationships of less than 20 main companies with our government that form a […]

The billionaire race into space

Written By: - Date published: 8:06 am, July 12th, 2021 - 90 comments

UK billionaire Richard Branson has won the rich man’s pissing competition by being the first billionaire into space even though 12 months ago he was urgently seeking Government grants while at the same time paying no tax because of his tax residency status.

RNZ’s Chinese Spies story doesn’t add up

Written By: - Date published: 10:00 am, July 2nd, 2021 - 47 comments

On Monday, RNZ reported that “Chinese Communist Party spies are infiltrating New Zealand universities”. Our guest poster views this thin and anecdotal ‘investigative’ reporting with deep suspicion. Was any of this activity was reported to the proper authorities. Or is it just the usual paranoia / racist dog-whistling or a paid story?

The America’s Cup is just another spinoff

Written By: - Date published: 7:18 am, June 17th, 2021 - 36 comments

We need less presumed hold over Team New Zealand, and more encouragement of more spinoff businesses that make their way in the world.

Onya Michael

Written By: - Date published: 8:47 am, May 8th, 2021 - 34 comments

Yesterday Minister of Labour Michael Wood led the announcement of a policy that conceivably could do more to address the decline in workers wages and conditions over the past 40 years than anything else tried recently.

Government Control at Air New Zealand

Written By: - Date published: 7:12 am, April 14th, 2021 - 67 comments

The New Zealand government has just increased its loan to Air New Zealand to a $1.5 billion total, and there’s a catch.

What is Socialism – a primer for idiots

Written By: - Date published: 9:09 am, April 5th, 2021 - 163 comments

Merchant Banker Troy Bowker has accused the Government of engaging in Socialist wealth redistribution ideology by not extending to landlords a state supported loan guarantee scheme and by implementing relatively modest wealth redistribution measures.

 

That’s No Moon  – It’s A Space Station

Written By: - Date published: 7:50 pm, March 22nd, 2021 - 9 comments

Did anyone notice Russia and China signing up to a treaty to form a common base on the moon?

The Unbearable Lightness of the Bright-Line Test

Written By: - Date published: 4:20 pm, March 13th, 2021 - 96 comments

The bright-line test is a red herring and does nothing to deter housing speculation.

So! You want a “plan”?

Written By: - Date published: 4:36 pm, March 11th, 2021 - 50 comments

Expecting a bit much aren’t you? We haven’t had that since Muldoon. At least he had them. The kind of people now asking for a plan were those who complained about governments that “interfered with the sacred ‘free market’” and screamed about “central planning”, “picking winners”, “protectionism” etc. They prefer just getting cheap labour to give the illusion of economic growth. And build a cycleway!

Senior Business Leaders Call Out To Government. Again

Written By: - Date published: 8:12 am, March 3rd, 2021 - 41 comments

Senior business leaders have called for more openness and clarity from the Government on its plan for getting New Zealand to “COVID normal”.  But have failed to say what they would do to contribute or what they are doing to help.

Post Carbon Institute: Capitalism, the Doomsday Machine (or, How to Repurpose Growth Capital)

Written By: - Date published: 6:05 am, March 2nd, 2021 - 21 comments

Foundational Capital and Growth Capital, and what we should be doing with both.

Life Without Mainstreet

Written By: - Date published: 11:28 am, February 15th, 2021 - 36 comments

Are our main cities becoming too big for a single civic promenade, and is the multicellular world of mall dominance just the way things are developing?

The fascinating story about when some redditors took on Wall Street

Written By: - Date published: 7:26 pm, January 29th, 2021 - 22 comments

The world has been watching, mostly with amusement, as some redditors have brought a Wall Street merchant bank to its knees, by buying stocks in a company, GameStop who has seen better days and whose business model is antiquated.

Must New Zealand Pay Back All This Public Debt?

Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments

Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.

Shock horror, trickle down does not work

Written By: - Date published: 7:31 am, December 18th, 2020 - 54 comments

In yet another study academics at the London School of Economics have concluded that trickle down leads to higher income inequality but do not have any significant effect on economic growth or unemployment.

South Australia’s new Covid strain

Written By: - Date published: 7:53 am, November 19th, 2020 - 16 comments

During a week in which two Covid vaccines have been announced there is disturbing news coming out of Australia where a new more potent strain of the virus has appeared in South Australia.

C’mon Grant

Written By: - Date published: 10:40 am, November 18th, 2020 - 51 comments

This government must demonstrate that it has the ability to lead the New Zealand economy where it has stated it wants it to go. It does not want more headlines like the average house in Auckland now being priced at $1 million.

Could the real Labour Party please stand up

Written By: - Date published: 8:21 am, October 29th, 2020 - 35 comments

We need to get the Labour government to focus on decreasing inequality and poverty in all its forms and effects. The new government needs to show that Labour has changed the country for good. Otherwise there’s no reason to vote for them in 2023.

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