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.
Written By: - Date published: 8:29 am, July 12th, 2022 - 124 comments
Anyone else getting tired of the media presenting the fact that New Zealand essentially has full employment is a very bad thing?
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?
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!
Written By: - Date published: 7:00 am, March 7th, 2021 - 75 comments
Money does not grow on trees, it grows on houses. It is pure magic!
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.
Written By: - Date published: 8:30 am, September 24th, 2020 - 100 comments
This is a backpocket election – and that’s where most of Labour’s effort is going as it rightly should.
Written By: - Date published: 8:40 am, September 4th, 2020 - 78 comments
Everyone has recently had an education on “Socialism” working in practice.
And a graphic illustration of the shortcomings, of under regulated “Free market” Capitalism, Globalism, tax cuts for the rich, and the mania for monetising everything in sight, and “running it like a business”.
Written By: - Date published: 7:00 am, August 11th, 2020 - 146 comments
Four very good reasons why you should vote Labour in this election.
Written By: - Date published: 12:17 pm, August 5th, 2020 - 16 comments
Defying expectations official labour force data from Stats NZ released today shows that the unemployment rate dropped to 4 per cent from 4.2 per cent in the June quarter.
Written By: - Date published: 7:33 am, July 20th, 2020 - 43 comments
With the simultaneous decline of Southland’s Tiwai Point aluminium smelter, the retrenchment of Waikato/South Auckland’s New Zealand Steel’s Glenbrook Steel mill, and the near-total shrinking of NZ Refining in Whangarei’s Marsden Point it’s not unreasonable to ask what will happen to the 10% of New Zealand who are employed in major manufacturing plants.
Written By: - Date published: 3:11 pm, June 19th, 2020 - 8 comments
Is it time to completely rethink how we deal with unemployment? We face a tsunami of job losses not seen in generations. Two ideas — social insurance and a job guarantee — are gaining prominence as ways to change how we deal with the problem. One provides income protection for those who lose employment, the other aims for something bolder: the elimination of unemployment. All welcome; register here.
Written By: - Date published: 10:58 am, June 19th, 2020 - 14 comments
Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.
Written By: - Date published: 4:51 pm, June 12th, 2020 - 31 comments
…is the US sharemarket roaring away – up 44% – while economic recovery prospects are grim?” ANZ’s Sharon Zollner’s answer on Tuesday was the Fed printing money, but worried markets were turning a blind eye to the bad news. The bad news hit today as the sharemarket nose-dived. Wolf Richter’s answer was more to Kim’s point: “Fed bails out the wealthy while America convulses in pain.”
Written By: - Date published: 7:00 am, June 1st, 2020 - 65 comments
National’s new job-creation scheme appears to be inconsistent with their desire to fully re-instate the 90-day trial period.
Written By: - Date published: 8:32 am, May 27th, 2020 - 24 comments
National has released a social media ad suggesting that New Zealand’s per head of population Government debt figure will be worse than Greece’s by 2014. But the data used presumes the effects of Covid 19 in New Zealand’s figure but no effects of Covid 19 in Greece’s figure.
Written By: - Date published: 12:06 pm, May 15th, 2020 - 39 comments
A round up of the Green Party’s achievements in the 2020 Budget: funding for nature, the commitment to ending violence, and public housing and insulation. And a look at the pragmatics of what the Greens can currently accomplish.
Written By: - Date published: 7:10 am, April 27th, 2020 - 16 comments
Most of the funding will go directly to employing people – the tools needed for wetland restoration such as spades and seedlings are far cheaper than big excavators and asphalt.
Written By: - Date published: 7:00 am, April 27th, 2020 - 192 comments
If overseas tourists want to visit NZ, they may have to give up a little bit of their privacy to keep all of us safe.
Written By: - Date published: 9:38 pm, April 21st, 2020 - 41 comments
More 1% Americans are heading our way, according to Bloomberg. The Texas company building underground bunkers is getting more enquiries. They’re not running from the virus but fear the aftermath when the breadlines turn.
Written By: - Date published: 8:00 am, March 31st, 2020 - 35 comments
When Opposition Spokespersons behave like concern trolls, we have a problem.
Written By: - Date published: 9:34 am, June 21st, 2019 - 29 comments
Everyone knows that getting employers to increase rates of pay and improve conditions of work takes real pressure and the only real way working people can exert pressure, in the unbalanced relationship that exists between individual employees and employers, is by acting together; collectively. And that’s what we’ve been doing week in, week out and getting real results.
Written By: - Date published: 7:00 am, May 6th, 2019 - 58 comments
For some reason, this story struck a nerve. An 80-year old had his 59-year career terminated by an impersonal e-mail from a faceless manager. Ironically, the manager on his public LinkedIn profile likes a post entitled “Treat a janitor with the same respect as the CEO”. Isn’t it sad that we now treat people as […]
Written By: - Date published: 12:18 pm, April 1st, 2019 - 67 comments
Today marks the day that the largest ever increase in the minimum wage will occur.
Written By: - Date published: 8:30 am, February 14th, 2019 - 5 comments
There’s trouble on the horizon in Bouganville with its government proposing significant changes to its mining law to allow wide scale mining on the island.
Written By: - Date published: 8:00 am, January 8th, 2019 - 81 comments
The CTU has released the results of its recent cost of living and income survey. The results suggest that urgent change is needed.