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5:30 pm, January 26th, 2017 - 41 comments
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The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Why the lies matter and why they’re different from before.
https://www.facebook.com/photo.php?fbid=10100880345342985&set=a.10100170163398295.1073741828.31404136&type=3&theater
yep. pretty much take him by the word.
I agree. What can you do about this – what could liberals have done better in 1930’s Germany?? I guess sometimes you have to just oppose something, even if you fail to apparently make things any better for a time.
What I’m hearing from many people in the US is we have to counter the story that Tr*mp should be given time, or that it won’t be that bad. He’s already doing the bad shit. I took the above bit to mean fact check sure, but it’s not enough, do the other stuff too.
It’s different this time because of the internet.
Linda Tirado is one of the ones I am following for strategy,
https://thestandard.org.nz/punching-nazis-and-practicing-resistance/
Absolutely – in my opinion he is every bit as bad as it seemed he would be – and I confess I was hoping like crazy the optimists would be right. Yes, no point in the “wait and see, it might not be so bad” b.s. We should call it like it is – the rise of a vile right-wing tyrant baby.
I continue to hold out hope that he will be hopelessly ineffective – still a chance of that. But unfortunately I expect that many, many real people are going to suffer here.
We might get really lucky and have some significant social change in a good direction as a result.
Well worth a read.
Shamubeel Eaqub says that every government policy to make housing affordable since the early 1990s has been a failure, and it’s time the political classes actually delivered on their responsibilities.
‘Denials of a housing crisis are now simply lies’
[for next time, it’s good to put the link in too, so people can read the whole thing, know the context, and because it’s less likely to break copyright. Added now. – weka]
http://www.radionz.co.nz/news/on-the-inside/323140/'denials-of-a-housing-crisis-are-now-simply-lies‘
The politics is difficult, but the denials of a housing crisis are now simply lies.
Yes, homeowners vote more than renters, but that should not be the guide for good government and good policy.
“Lies” – That’s telling ’em!
And some of us renters DO vote, and I will take note of how parties’ housing policies impact on renters.
Hasn’t Pat been putting up numbers of renters and home owners as voters?
Good straight talk from Eaqub. Anyone know how he makes a living? I’m curious that he feels free to speak out so boldly.
At the bottom of the link you added, weka:
Shamubeel Eaqub is an economist and partner at Sense Partners, a boutique economic consultancy.
I saw that but I don’t know what it means 😀
I think it means he’s a co-owner of a small economics consultancy business – economist for hire.
What sense partners does:
More on the website
Who do you think hires them?
Eaqub is the ‘zombie town’ guy…
https://www.nbr.co.nz/article/nz-has-zombie-towns-need-close-%E2%80%94-economist-ns-159124
proposes euthanasia for dying communities…
Wow, that’s bad. Good example of why economists should never be put in charge of running things though.
And what’s wrong with Timor anyway. I mean obviously there are issues to address, but when we start saying that somewhere is bad because it looks like a poor place as if the social capital (to use a piece of contemporary blather) has no value, or the existing infrastructure, then aren’t we back to talking about stock units? He’s doing that much more nicely than the RWers for sure, but it sounds depressingly familiar.
He’s got a traditional economic education which means that he believes in the capitalist free-market and utils.
What this means in practice is that he believes that if rich people don’t want to invest in a place then that place isn’t worth anything.
“…in practice is that he believes that if rich people don’t want to invest in a place then that place isn’t worth anything.”
Peculiar because some extraordinarily rich pricks have ‘invested’ in the North…. http://www.dailymail.co.uk/news/article-2931325/Super-rich-buying-property-New-Zealand-bolthole-case-west-goes-meltdown.html
At the suggestion that a cap be put on Auckland’s expansion, Eaqub expressed almost horror. ‘But, but, they’ll go elsewhere, Sydney, Singapore….!’
Like, if a place doesn’t look , sound and smell like Auckland then it’s dying?
There was a fightback…with Kim Hill chairing panel discussions with mayors and business people from ‘the regions’…http://www.radionz.co.nz/national/programmes/a-life-worth-having
But are they really ‘investing’? Are they really building new industries and factories there? Or are they just buying up lifestyle blocks?
Yep, that’s exactly what you get from traditionally neo-lib trained economists.
His LinkIn profile is here.
However, I heard him speak at an Auckland Council meeting back in 2012-2013.
He was introduced as advisor to the government, and a spokesperson on the housing crisis. He was living in Wellington at the time.
I remember his speech very vividly, because he dismissed any concerns about the rising costs of housing in Auckland. And his speech, and response to any questions regarding the impact of this, was “Rent.” No mention at all of the lack of tenancy security, the impact of higher housing costs on household budgets, the social costs of transient local communities, the failure of government to address the lack of housing etc.
At the time, due to his consultancy role with the government , I assumed his rhetoric was in line with government policy of “pretend and continue”.
Apparently, he now lives Auckland and his perspective has demonstrably changed. There is also a lot of public interest in the impact of the rising cost housing, so the cynic in me thinks that he has identified this and he now uses that interest and his printed opinions to self-promote. But most of the things he says were relevant when he was busy denying them. He is just giving them “legitimacy” now as an economic advisor.
I consider him a fair-weather economist – but isn’t that true of many?
It is possible that, after he moved to Auckland, and severed formal govt ties, he came face-to-face with some realities….. hard to know. But time will tell. And agree he still fundamentally assumes capitalism is a great system.
Yes, that is something that I considered to be influential as well. But that reinforces the idea that consultants and advisors are too often giving advice on community and social issues with regard to their experience on a personal level.
His lack of a broader perspective is his own failing, and one that is likely to be repeated on other aspects of the economy.
I would have more time for him now, if he acknowledged his previous stance and said what facts made him aware of its failings.
Agree. that’s the problem with those social scientists that are wedded to an “objective”, largely statistical, approach. They rarely acknowledge, or factor in, their own biases.
And a big bias by Shamubeel Eaqub is that he assumes capitalism is the best system.
That sums it up for me too Molly. There is such power in positions such as his, if he gets it wrong he needs to make it right when he can.
He seems to have this reputation as a kind of celeb economist, I see him turning up on leftish mainstream media. Will pay more attention now to what he is saying and doing.
Thanks to Rosemary for bring this up.
He’s almost there – still thinks that capitalism works though.
The funds exist to build thousands of state housing — The ACC and NZ Superfund.
The government can create money and have them built. The rental on the places then removes that money from the economy thus eliminating inflation.
Ja mean like social credit Draco?
I mean like the way that the Labour Party brought us out of the Great Depression and built the first state housing.
Actually those funds exist for other reasons.
Having read the article (but not the book) what stands out most for me is the following paragraph…
” I don’t think we can. We’ve tried that with Think Big, you know we’ve got white elephants all around the country. The difficult part of writing this book was we couldn’t come to a solution.”
Certainly not a timely solution….even if we ignore questions of financing, economic and societal impacts, and of equity there remains the simple fact that the capacity to complete the required physical work is not available and cannot be for many years….and whats happening in the meantime??
Time……its importance cannot be overstated.
Scott Yorke alias Imperator Fish has got this “facts” thing sorted.
https://imperatorfish.com/2017/01/26/the-fascism-of-facts/
2017 and the US government’s still fucking over Native Americans.
Meanwhile, a North Dakota legislator wants to make it easier for ordinary citizens to injure or even kill protesters. Keith Kempenich and six co-sponsors, all Republicans, have submitted a bill that Kempenich told the Bismarck Tribune is a response to frustrated constituents who oppose the anti-DAPL movement, which has at times spilled into public roadways. If the measure passes, motorists who “negligently” hurt or kill anyone obstructing traffic “would not be held liable for any damages.”
Well-known North Dakota civil rights attorney and former U.S. attorney Tim Purdon, of the firm Robins Kaplan, calls the bill a “new low” that “legalizes negligent homicide with a vehicle of a certain class of people.” Whether the bill passes or not, he says, “It was introduced to send a message that we are going to dehumanize those with whom we disagree.” Purdon says the measure has unintended broader consequences, since it in fact allows anyone driving negligently—while drunk or texting, for example—to kill or maim.
http://www.yesmagazine.org/people-power/the-never-ending-indian-wars-20170124
From this series.
http://reports.yesmagazine.org/spirit-of-standing-rock/
Sounds familiar.
Of course, running over protesters is already legal in New Zealand common law..
Can you expect anything different from a country that allowed mobs to lynch thousands of innocent people over the past 150-200 years?
Sinister.
http://thehill.com/homenews/administration/316115-trump-hangs-portrait-of-andrew-jackson-in-oval-office
https://en.wikipedia.org/wiki/Andrew_Jackson#Indian_removal_policy
Chris Hedges slams it out in just under 6 minutes. Please don’t watch if you can’t handle looking at reality, and want to keep embracing the illusion.
I was thinking it wasn’t anything we don’t already know, but this he certainly gets into as he goes along
“reality is never an impediment to what we want”
And how people who believe in the illusion react as children when things go wrong.
Interest rates increasing faster than predicted is the tears going to flow ?????
UK’s super rich appear to get special deal from HMRC, says watchdog
Scathing report on the UK government’s failure to ensure the super-rich pay anything like their share of tax. Just like their government wants to happen, unfortunately.