capitalism

Categories under capitalism

Helen Kelly on the Hobbit dispute

Written By: - Date published: 8:45 pm, April 12th, 2011 - 66 comments

Helen Kelly has published a full and detailed account of the Hobbit dispute.

The result is a story that leaves you in no doubt about big business’s class war on workers.

Or which side this government has taken.

AMI socialises its losses

Written By: - Date published: 10:30 am, April 8th, 2011 - 70 comments

Another week, another massive corporate bailout as National reaches into our pockets to aid a company. Whatever happened to free-market ideology? Isn’t failure of bad businesses healthy? When did every financial sector company become ‘too big to fail’? We’re rewarding a bad business model and punishing good ones.

Armstrong on “Austerity”

Written By: - Date published: 5:24 pm, April 7th, 2011 - 12 comments

John Armstrong is losing patience with the Nats: “National is certainly consistent when it comes to cutting spending. It consistently fails to practise what it preaches…”

The New American Dream

Written By: - Date published: 7:37 am, April 2nd, 2011 - 14 comments

Truthout is one of my favourite sources of political commentary in America.  Here’s editor William Rivers Pitt on “The New American Dream”…

Hickey on borrowing

Written By: - Date published: 6:58 am, March 28th, 2011 - 91 comments

The latest piece from economist Bernard Hickey is a despairing warning on the subject of borrowing.  With the current government making things worse not better, is there any way out of this downwards spiral?

Looting by another name

Written By: - Date published: 7:22 am, March 11th, 2011 - 126 comments

Mayor Bob Parker has described landlords hiking rents in Christchurch as “looting by another name”.  I think the majority of us would feel as Parker does — it seems simply wrong to exploit people for profit in a time of tragedy.  But look around.  It’s just unregulated capitalism in action.  There’s an awful lot of it about.

Anarchy to the rescue in Chch

Written By: - Date published: 10:45 am, March 3rd, 2011 - 62 comments

Farrar says it’s ‘ghastly’ to discuss how to pay for rebuilding Christchurch, since the obvious answer is by reversing the tax cuts rich people like him have pocketed. Well, I think how the poor eastern suburbs of Christchurch have been ignored is ghastly. Fortunately, resilient communities are organising themselves, without government.

The benefits of public spending

Written By: - Date published: 9:36 am, February 21st, 2011 - 97 comments

We know from history, and from our own recent experience, that tax cuts don’t cause growth.  Privatisation and public service cuts don’t do us any good either.  What does cause growth?  Public spending.  What’s more, public spending is much more efficient than the private sector too…

Why Revolutions Stumble and Fall

Written By: - Date published: 12:28 pm, February 15th, 2011 - 28 comments

Democracy doesn’t suddenly magically appear as though from a conjurers hat. We know that, right?  So why are revolutions seeking democracy  D.O.A?

The too big to fail myth

Written By: - Date published: 8:17 am, February 5th, 2011 - 33 comments

All over the globe we the tax payer recently got stuck with a bill for trillions of dollars to bail out banks that were “too big to fail”.  Or were they?  One country, Iceland, went against the trend, and let its banks go under.  What happened next?

Bunch of bankers

Written By: - Date published: 7:13 am, February 2nd, 2011 - 13 comments

In America a federal enquiry has now confirmed what we already knew. The 2008 financial crisis was an “avoidable” disaster caused by multiple failures of regulation and good old fashioned greed.  If we don’t make some fundamental changes it is all going to happen again…

The Two Nations: or, Why Won’t They Bail Me Out?

Written By: - Date published: 11:47 pm, January 11th, 2011 - 38 comments

Under the supposed rules of capitalism, investors take a “haircut” if an investment goes bad – no reward without risk. It’s also Economics 101 that giving relief to the ‘little people’ will have a more stimulating effect on the economy than if you bail out the wealthiest interests in society. But the powers that be are breaking the rules to aid the rich.

John “30-sec” Key…. smile and walk away.

Written By: - Date published: 8:33 pm, January 3rd, 2011 - 103 comments

The two significant things from the Herald interview: #1 The signalling by John Key of his willingness to step down. #2 The view of John Key that “essentially there is no money”. “There won’t be money for us and there won’t be money for Labour,” John Key. The significant thing about the first statement is, […]

Clipshow – Jackson’s bad faith posturing

Written By: - Date published: 10:37 am, December 29th, 2010 - 14 comments

From the ‘I told you so’ file comes IrishBill’s first post on the Hobbit dispute after Jackson suddenly announced that a settled dispute with a small union was forcing Warner Bros to abandon a $100m investment and move overseas. We now know Jackson was lying to extort more money and a law change but Irish called it at the time, resulting in 516 comments – a record.

Nats & Jackson played us for fools

Written By: - Date published: 8:09 am, December 21st, 2010 - 130 comments

The Herald has used the OIA to get hold of emails Peter Jackson sent Gerry Brownlee during the Hobbit shakedown. They show that the Actors’ Equity blacklisting was not a threat to the film staying here – yet Jackson and Brownlee told us it was to justify handing Warners $34 million and rushing through an anti-worker law.

Human Nature and Propaganda

Written By: - Date published: 12:30 pm, December 17th, 2010 - 63 comments

We don’t have to care so much about beneficiaries any more. Or those single parents. Or the trials and tribulations of anyone else at all really. We have to be grown up. And we are more mean and lean than we used to be. Hell, even those pesky parliamentary lefties have abandoned the beneficiaries and the single parents. Yup. Nothing to see there. Life is good. We’re getting ahead. And we sure know what’s what. Don’t we?

Sykes on neoliberalism & the iwi elite

Written By: - Date published: 12:10 pm, December 15th, 2010 - 18 comments

Annette Sykes recently delivered the annual Bruce Jesson Lecture concerning ‘The Politics of the Brown Table’. Much of her address is a harsh critique of the so called ‘iwi elite’ and their neo liberal agenda. In my opinion her assessments are true and justified. Without doubt neo liberalism undermines Maori efforts for self determination

Nats’ ideology: outsourcing NZ

Written By: - Date published: 9:54 am, December 15th, 2010 - 29 comments

3 under the radar stories yesterday. All linked by ideology. Kiwirail to buy 300 wagons from China because its cheaper than building them here. Not allowed to consider wider economic gains. Collins outsources her new prison to a multi-national with a history of prisoner abuse. English wants more ‘value’ from public assets. Value for whom? The likes of Serco?

$6K bill for Key’s kowtowing to Warners

Written By: - Date published: 12:00 pm, December 10th, 2010 - 18 comments

OIA papers show how the Nats prostrated themselves for Warners. $6K was spent treating the movie execs like foreign dignitaries – ministerial cars, customs ‘facilitation’. Nats wanted to “present an image of an effective government that is worth working with“. All they showed was they had fallen for Warners’ hollow threats. Cost us $33 million.

Another handout for bludgers?

Written By: - Date published: 9:40 pm, December 5th, 2010 - 47 comments

Warners bludge $30 mil out of us. Kiwifruit growers get a blank cheque while other firms go under. Farmers have their hands out cause it hasn’t rained. Rich finance investors get us to cover their losses. Now, a $10K a night resort wants us to pay for some royals to stay there. Apparently, it’ll be great value for money – that’s what corporate bludgers always say.

Only greed can save us

Written By: - Date published: 7:18 am, December 3rd, 2010 - 63 comments

As a society we can’t seem to bring ourselves to take action on climate change.  We haven’t got the will to save ourselves.
The failure at Copenhagen, and the non event that is Cancun, are in the process of proving that.
It looks like only greed can save us.

Treasury warned on risk of Hobbit hustle

Written By: - Date published: 12:00 pm, December 2nd, 2010 - 15 comments

Remember how Peter Jackson and Warner Bros pulled the old Hollywood shakedown on us? By making a hollow threat to film elsewhere they got an extra $30 million and a law passed just for them. This was supposedly necessary to save a vital economy gain for the country but the Government knew that was bollocks all along.

Key still wants to be Ireland

Written By: - Date published: 10:30 am, December 2nd, 2010 - 64 comments

The other week, Lynn and I made fun of John Key’s dream that New Zealand would become the Ireland of the South Seas. Does he still believe we should emulate the Irish? The answer is yes. Key wants to abandon proper process and speed up work on an international financial centre for New Zealand, just like the one that helped get Ireland where it is today.

Climate change irony for farmers

Written By: - Date published: 11:36 pm, December 1st, 2010 - 121 comments

When they’re not polluting our rivers or fighting animal welfare laws, our farmers, the ‘guardians of the land’, are opposing having to pay for their greenhouse emissions. Now, with the Earth having just clocked up its warmest 12 months since records began, farmers are scratching their heads at the early start to the summer drought.

Unconscionable

Written By: - Date published: 3:00 pm, November 29th, 2010 - 24 comments

It seems I’m not alone in feeling outrage at attempts to bury any sensible debate on the shape and extent of New Zealand’s coal operations

Psychopaths make the best capitalists

Written By: - Date published: 9:28 am, November 26th, 2010 - 223 comments

It’s a special breed of people who can deny workers a cost of living pay increase while pocketing a hundred thousand dollar a week pay cheque. It’s a special breed who can take people’s livelihoods or risk their health and safety to add a few cents to the share price. Research names that breed: psychopaths. Capitalism is built by and for them.

So Sport and Politics Should be Kept Separate?

Written By: - Date published: 2:56 pm, November 22nd, 2010 - 3 comments

Seems Eric Cantona wasn’t listening.

I particularly liked the response given by Valérie Ohannesian of the French Banking Federation who, seemingly devoid of any sense of irony stated that,  “One of the main roles of a bank is to keep money safe. This appeal will give great pleasure to thieves, I would have thought.”

Framing the argument

Written By: - Date published: 12:00 pm, November 18th, 2010 - 16 comments

Bill English and brother Conner, CEO of Federated Farmers, share a vision for the world. It’s one where the environment and workers are exploited to the hilt in the name of ‘growth’ and the fruits of that ‘growth’ flow to a privileged elite (like the Englishes). Yesterday rich-boy Conner chided the rest of us with a speech titled “There is no free lunch”

As Nero Fiddles…

Written By: - Date published: 2:00 pm, November 13th, 2010 - 74 comments

Climate change and a shoals of dirty little red herrings would seem to go together like salt and pepper or cheese and pickle.

‘Playing fair’ makes us losers in currency wars

Written By: - Date published: 6:29 am, November 12th, 2010 - 51 comments

The US Government has begun creating new money out of thin air, to inflate away the value of its debt and lower its currency to make its industries more competitive. It’s not the only country. Nearly all the major currencies are engaged in the ‘Currency Wars’, trying to force down their exchanger rates. We’re in the cross-fire doing nothing.

High pay makes elitists view us as serfs

Written By: - Date published: 12:31 pm, November 9th, 2010 - 41 comments

I’ve never really understood the logic of paying CEOs multi-million dollar salaries. Can Telecom’s $7m man, Paul Reynolds, for example, really be worth 100 skilled technicians? Is there no-one who is basically as good who would work for a million or two less? Now, research shows high pay gaps for CEOs actually makes them worse bosses.