The EPMU have released a short film on youtube explaining the recession and their response to it. It features Brian Easton, Gareth Morgan, Pete Conway and EPMU Secretary Andrew Little.
[lprent: The biggest nut around is yourself – please read the policy and the about. It is funded by me, and not by some pathetic wingnut pretending to be a wharfie ]
Gimme a break. This is just propaganda from a right wing union to talk workers into accepting they’ll be paying for this crisis. The union bureaucracy featured in this video are no friend of the workers. Why should workers pay for a crisis they didnt make.
Good point Ray. If Little and Conway believed their own propaganda that capitalism is sweet and its just the financiers that ran amok, they would be saying let the financial speculators pay for the crisis, we are not paying for any of it.
They would condemn the Labour government for signing up to a deposit guarantee that bails out shonky finance ripoff merchants.
That would be tough for Little who is now Labour Party Pres.
They would attack Key as a financier whose former failed employer Merryl Lynch has been bought up by BOA which itself has to bailed out. Instead of guaranteeing the toxic assets (greedy bets) of the financiers they would nationalise their good assets and use them to create jobs for all who get sacked.
But of course if they were to do that the financiers would be revealed to be the same people that own all the big corporations and run the state that is busy taking our taxes and future labour as bailout packages. To upset the financiers would be to rock the whole capitalist shebang.
The EPMU half-assed apologies for the system and not an explanation of the crisis but a joke cover up of its real causes in declining profitability that is built into the system. It proves that they are up the system and their only use to the bosses is to keep workers quiet.
Time to wake up.
Rave, I disagree with pretty much every point you’ve made in that comment, but I congratulate you for making your argument without resorting to tribal partisanship.
I think I follow the feeling in your comment, Rave, but I’d have to say it is a little loose re assets and their merits/values etc..
As I’ve said here before just as labor produces goods & services then the role of capitalism is to produce capital.
What has happened is that capitalism and capitalistic resources have not (in the main) produced capital—they have created credit and taken fees/charges from its very high leverage. Repeat: credit is NOT capital.
Correct, those “toxic assets” are problematic. And because they do not value out in ‘mark-to-market’ — hey I didna invent this market makeover stuff 😉 — or accepted modern business means. Hence, putting the show back on the road requires either they are bought up (independently by govt..?) – that is to say another funding source, or they are ‘bought’ over time by perpetrators.
We both know which choice has been made. And yes, for better or for worse.
You might care too ponder what kind of banking minds aligned themselves to ‘off-balance sheet’ accounting. Does it make them incompetent or criminal. Or both.
And, praise be, how would punishment of offenders with nationalization make our world better..?
The trouble with blogs is that the nutters can move in and make comments that can kill good discussions. Wharfie and Ray are obviously trying to do this. Are they the same person?
These films are really good. It would help us all if we could concentrate on the messages. For me the messages are:
1. These are extraordinary times.
2. Workers are not to blame. Wall Street and the Bankers who leveraged to the extreme equity in ordinary homes should be blamed.
3. Consumption is going down. It is not a bad thing. Climate change and global warming and environmental devastation ought to require us to consume less. One less plasma TV will mean less transportation and money but will also mean that the current economic system will suffer.
4. Why should workers suffer? They do not share in the profits earned by their employers when times are good but they are expected to suffer when times are bad through no fault of theirs.
5. A 9 day working fortnight sounds great. Most workers cannot and should not suffer a 10% wage cut, some employers may fold if they have to pay for the extra day. The logical solution is for the proposed tax cuts to be cancelled and for central government to pay for the 10th day. I am holding my breath. It will hurt the wealthy but they are the most able to handle these current circumstances.
Maybe Karl Marx was right?
[lprent: Wharfie is d4j. Ray prefers to not use his usual psuedonym.]
You can believe all the Andrew Little rhetoric/garbage/tokenism all you like, but where was the EMPU when Air New Zealand was shafting its engineers, oh thats right it was helping Rob Fyfe force them to take a pay cut. Or where was the EMPU when Fisher & Paykel shut up shop? The EMPU/Andrew Little/Labour are no friend of workers.
You’re right mickey, workers should not pay for this crisis.
You appear to be under the misapprehension that a union’s national secretary is like a superhero who can ‘save’ workers from any calamity. Anyone who’s actually organised knows that’s not true. You can only take workers as far as they’re willing to go and to the extent that is possible under the current system where bosses own the means of production and have ultimate managerial prerogative.
You sound like another of those ‘glorious defeat’ idiots Irishbill wrote about the other day.
Mr little says “a lot of employers are getting workers to panic”???. Wake up idiot – now is not time to come across all militant and thuggish, companies do not have the usual fat to accomodate unions demands. This guy is the new Labour president – I think you were better off with the fat snoop.
What a great video. The collective message is that we are all in for tough times. And Andrew Little was a small part of this. Gareth Morgan is certainly not a Left winger and I understood
his message straight and clear. It should not be assumed that the “workers” should be the first to pay. (Although the USA tends to use the poor and disadvantaged as canon fodder.)
It would be interesting to get a critque from Rod Oram.
Wake up Mike the world has moved on. The market has failed.
Employers who can’t keep workers in jobs and pay them decently should go broke. Instead workers are expected to cut their pay and mortgage their future pay and taxes to bail out corrupt banks and failing icons like F&P.
The market has failed. Its not the best way to allocate scarce resources, unless its into the pockets of the rich. Obama is stuck in the old way of propping up the market in the name of a ‘new deal
see http://www.globalresearch.ca/index.php?context=va&aid=12517
According to Chossudovsky he’s shifting public spending from the poor to the rich even more than Bush. A massive con job.
The market has failed and needs to be replaced by social ownership to meet the needs of the people, for the people by the people.
If workers are expected to take pay cuts and bail out bosses, then they should demand to decide who gets bailed out and that it will only happen if this public investment becomes public ownership.
This means that scarce resources would become publicly owned and democratically planned.
The CTU should be saying that to defend jobs we have to take the most important industries and services into public ownership and put them under the control of working people not corrupt banksters raking in multimillion bonuses sitting on boards who are only interested in maximising profits.
Socialists say “We WON’T pay for their crisis”. We didn’t cause it, and where workers are threatened with redundancies, we point to the examples of factory occupations in Chicago, Waterford and Buenos Aires as an alternative to capitalist greed and mass unemployment.
The new film from the EPMU differs in tone. Whilst it puts forward some valuable economic information and gives rank and file workers a voice to raise their fears, it also sees the Union’s role as softening the effects of the Depression in partnership with employers, rather than fighting them militantly for every job. SA presents the film and welcomes readers to post their take on the EPMU’s line.
Crunch Time. For workers, for bosses and for union bureaucrats.
Is this the same Andrew Little, card-carrying member of the Labour Party and supreme double dipper, who was praised….not! by Chris Trotter in his most recent column?
Cracks in the ricketty walls of the socialist mud house appear to be widening. All under the eagle eye of the supreme leader Fill Goff.
Ah, the joys of being opposition.
[lprent: You are a obnoxious little illiterate. The presidential position is either unpaid or pays bugger all. Now what about that National MP in Mangakiekie who is double dipping on both my taxes and my rates. From what I’ve heard he doesn’t do much around the council these days.]
You call that opposition?
[lprent: I seem to remember the Nats getting 22% in an actual poll (election) in 2002 – do you call that being an opposition?. Why don’t you jerk-off elsewhere if all you can raise are troll lines.
This appears to be a troll campaign. I’m going to delete comments of this form that have no other content]
“I seem to remember the Nats getting 22% in an actual poll (election) in 2002”
Oh give Phil Goff time. I’m sure 22% is achievable.
Gee the mood round here needs lifting
[lprent: it was 20.9% for National in the 2002 election. After that they dropped. It wasn’t until Brash stirred up the racial bigots in the Owera I screech (a proud moment for the right) that they started to rise in the polls.
We tend to get annoyed when troll wankers start jerking off their poorer qualities around here. If you cannot argue a point then don’t come here. Seeing your ‘point’ mindlessly scattered by multiple people around multiple posts without actual brainwork being involved gets me seriously pissed off, and I act accordingly. ]
excellent work, well done whoever’s responsible for it.
if only our msm could be trusted to produce such informative and honest commentary.
come to think of it – if only NZers were encouraged to understand this before the election. if only our msm weren’t so keen to downplay the gravity of the situation during the election, so as not to discourage voters from speculating on sketchy long-shot promises.
Iprent: There are some “opposing views” which are thought provoking. The abusive ones like from Tawa (gives Tawa a bad name) are useless. I support your reactions! Rid us of the buggers.
This is NOT a recession. It is a major debt-deflationary crisis caused by grossly irresponsible or fraudulent lending by the global finance system. Until the massive excess debt bubble is unwound or reset, credit will remain hard to find, and the economy will continue to unravel. No matter how sound your business or financial history, banks find it almost impossible to lend when assets are still FALLING in value, which in turn causes the assets to fall further in value.
Unemployment will peak around 20-30% and will remain stubbornly high for very long time, maybe 10 -20 years (the Japanese have remain mired in this same trap almost 20 years so I can point to precendent). Many of the rest of us will be underemployed, and our take home pays will fall. The two reasons why this crisis has yet to hit us hard here in New Zealand are simple.
One until very recently our employment capacity was so highly extended that in the last few months much of the fall has been masked by cuts in overtime, 4 day weeks, dropping secondary jobs and using up accumulated annual leave. But as the crisis deepens in the next few weeks, the job loss snowball (665 in the last week alone) will become obvious to all.
The second reason is of course, that our banks are still solvent and thanks to Michael Cullen our public sector debt is extremely low, which will give us a little breathing space and a temporary reprieve … but this National govt has no ideas and no ability to respond.
“thanks to Michael Cullen our public sector debt is extremely low, which will give us a little breathing space and a temporary reprieve but this National govt has no ideas and no ability to respond.”
Yes he did well to retire as much debt as he did – this good work should however be balanced against the poor decisions (in hindsight) in relation to NZ rail, AIA and Air NZ.
The social democratics of various hues, pink, green, beige, etc need to study their Marx so they understand what is happening to them before it is too late.
For months I couldn’t make up my mind if we were going to get deflation due to unwinding excess debt, or inflation due to Central Banks printing money in response to the crisis. Turns out that the credit grinch bubble popper will trump the RB printing pump everytime. It’s like trying to keep a hot-air balloon aloft by turning up the gas heater, when the top of the canopy has been ripped in half.
I highly, highly recommend this article. Steven Keen predicted all this on sound theoretical grounds years ago.
The article even starts with a quote from Charlie (and has his picture)… so there must be something in it for you to like.
Redlogix
Keen’s paper is quite readable and explains the neo-Keynesian position well. Yet what’s missing is the other quote from Marx which you didnt see along the lines of how come capitalism allows a bunch of parasites to expand credit many times beyond the money supply, the capacity of the state to print money, and the underlying sum of the value of commodities produced by a given country, so while the Chinese and Japanese buy a large chunk of the debt, it is only official debt (fiat credit), not the crazy bank credit Keen talks about, and cannot prevent the crunch happening.
Sure Marx hated the finance parasites, but he explained why they existed. Not as aberrations to the normal equilibrium of capitalism but the product of the internal contradictions of capitalism. Credit is expanded (and not regulated because the state is run by those with an interest in credit expansion) because the productive circuit is incapable of taking up the surplus capital since it cannot realise a profit on money invested in production.
This, when the rate of exploitation (roughly the ratio of profits to wages) despite neo-liberalism, globalisation, privatisation of state assets, increasing productivity (rate of exploitation), cannot be increased fast enough to return a profit over total investment. The result is a crisis of overproduction of money capital and commodities. Solution is to devalue all commodities including labour-power until investment in the productive circuit does produce a profit.
Therefore according to this logic, the finance sector becomes detached from the productive sector at a specific point when profits fall to a certain level, so that the surplus capital then spins off into excessive credit creation to attempt to realise profits in the sphere of exchange rather than production. The credit bubble then produces the credit crunch as the fictitious value of those assets collapses back towards their actual price of production. So its not a monetary crisis or even a credit crisis in reality but a capitalist crisis because the credit crunch is a symptom of the failure to extract enough value to valorise the capital invested in the productive circuit.
Such a crisis is always deflationary because the values of wages and other commodities, along with all the fictitious capital speculating in asset value, collapse downwards to reach that point where the surviving big banks (guess which) buy up the surviving corporations (guess which) and start re-investing in cheap labour and cut price productive assets, new technology comes on line, and away we go on another merry go round.
And this leaves out the whole impact of crisis and restructuring on those who pay for it – the working class. That’s why a third quote from Marx is useful. Somewhere he said that capitalism never falls down by itself. It can suffer massive crises, prove that the market fails, but if it has the capacity to fool most workers or repress them then it will stagger on. Only the activity of a politically conscious working class can end capitalism. Capital is not self-equilibrating, or ultimately self-destructive, but it does produce its own gravediggers.
I’ve read Keen why don’t you have a look at Brendan Cooney’s youtube vids I cite above, they are great fun. Take a look at the political economy of Superman, and the Matrix.
Interesting..As to the following:— So its not a monetary crisis or even a credit crisis in reality but a capitalist crisis because the credit crunch is a symptom of the failure to extract enough value to valorise the capital invested in the productive circuit.
I am not sure what you mean with that term “valorise”, but I have a question pertaining to constructive solutions.. That is, to what extent would the suggested undervaluing of capitalism’s productive sector be capable of implementing revaluation/s in taking up part or all of the so-called credit surpluses.
What tools – financial, wage, salary, compensation – would be appropriate in so doing. Given how clearly the worker/laborer be no worse off..
Armchair radicals like Trotter and “Ray” can attack the EPMU and Andrew Little all they like, they don’t have to make decisions in the real world. It’s easy to criticise from a position of ignorance and irrelevance.
The fact is the EPMU gets the highest pay rises of any union and takes the lead in the whole movement’s campaigns to defend workers’ rights. If you want to accuse them of selling out to the boss class then you should at least get some facts to support your argument rather than trotting out cliches from two decades ago.
Redlogix and Rave: I am always impressed from an Economically uneducated point of view at the competence with which you put your thinkings.
Does the point about capital outstipping production, (“so that the surplus capital then spins off into excessive credit creation to attempt to realise profits in the sphere of exchange rather than production.”) lead to those who blame the workers for not being productive enough? Hence the old arguments about how we/they have to be more productive in order to increase the wages in order to match Australia. All the workers/employers fault of course.
Easton and Morgan, two of the leading econmists/commentators in New Zealand offering constructive advice on the way forward. This is pro-worker without being anti-employer and yet another example of the positive approach adopted by Little/EMPU. As awkward as this video is, it’s an important insight into the strategy the EPMU are considering for the next few years: one that’ll ensure growth on the otherside is sustainable.
Redlogix, thanks for your email – I’m sorry I’ve not replied, I’ve been a bit distracted. I apreciate your response however.
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Building your own computer can be a rewarding and cost-effective way to get a high-performance machine tailored to your specific needs. However, it also requires careful planning and execution, and one of the most important factors to consider is the time it will take. The exact time it takes to ...
Sleep mode is a power-saving state that allows your computer to quickly resume operation without having to boot up from scratch. This can be useful if you need to step away from your computer for a short period of time but don’t want to shut it down completely. There are ...
Introduction Computer-Assisted Translation (CAT) has revolutionized the field of translation by harnessing the power of technology to assist human translators in their work. This innovative approach combines specialized software with human expertise to improve the efficiency, accuracy, and consistency of translations. In this comprehensive article, we will delve into the ...
In today’s digital age, mobile devices have become an indispensable part of our daily lives. Among the vast array of portable computing options available, iPads and tablet computers stand out as two prominent contenders. While both offer similar functionalities, there are subtle yet significant differences between these two devices. This ...
A computer is an electronic device that can be programmed to carry out a set of instructions. The basic components of a computer are the processor, memory, storage, input devices, and output devices. The Processor The processor, also known as the central processing unit (CPU), is the brain of the ...
Voice Memos is a convenient app on your iPhone that allows you to quickly record and store audio snippets. These recordings can be useful for a variety of purposes, such as taking notes, capturing ideas, or recording interviews. While you can listen to your voice memos on your iPhone, you ...
Laptop screens are essential for interacting with our devices and accessing information. However, when lines appear on the screen, it can be frustrating and disrupt productivity. Understanding the underlying causes of these lines is crucial for finding effective solutions. Types of Screen Lines Horizontal lines: Also known as scan ...
Right-clicking is a common and essential computer operation that allows users to access additional options and settings. While most desktop computers have dedicated right-click buttons on their mice, laptops often do not have these buttons due to space limitations. This article will provide a comprehensive guide on how to right-click ...
Powering up and shutting down your ASUS laptop is an essential task for any laptop user. Locating the power button can sometimes be a hassle, especially if you’re new to ASUS laptops. This article will provide a comprehensive guide on where to find the power button on different ASUS laptop ...
Dell laptops are renowned for their reliability, performance, and versatility. Whether you’re a student, a professional, or just someone who needs a reliable computing device, a Dell laptop can meet your needs. However, if you’re new to Dell laptops, you may be wondering how to get started. In this comprehensive ...
Te Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
Tonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
Te Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
Te Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...
The Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...
The National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...
Green Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...
A significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...
New Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...
Today’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...
Minister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
Distinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...
Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...
The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...
New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...
The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...
A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
I was initially resistant to the idea often suggested to me that the Government should deliver an arts strategy. The whole point of the arts and creativity is that people should do whatever the hell they want, unbound by the dictates of politicians in Wellington. Peter Jackson, Kiri Te Kanawa, Eleanor ...
Source: The Conversation (Au and NZ) – By Kim Hemsley, Head, Childhood Dementia Research Group, Flinders Health and Medical Research Institute, College of Medicine and Public Health, Flinders University Olena Ivanova/Shutterstock “Childhood” and “dementia” are two words we wish we didn’t have to use together. But sadly, around 1,400 ...
Source: The Conversation (Au and NZ) – By Peter Whiteford, Professor, Crawford School of Public Policy, Australian National University The government’s Economic Inclusion Advisory Committee has just published its second report. It was set up by Treasurer Jim Chalmers and Minister for Social Services Amanda Rishworth in 2022 to provide: ...
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne The Queensland state election will be held in October. A YouGov poll for The Courier Mail, conducted April 9–17 from a sample ...
Source: The Conversation (Au and NZ) – By Amin Naeni, PhD candidate at Alfred Deakin Institute for Citizenship and Globalisation, Deakin University There’s been much talk in recent months about what a possible second Donald Trump presidency in the United States could mean for Europe, Russia’s war in Ukraine, the ...
A brief round-up of submissions on the controversial proposed law. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Last week, submissions on the controversial Fast-track Approvals Bill closed just hours after the government released a list of stakeholder organisations who were sent letters advising how they could ...
A poem from Robin Peace’s new collection Detritus of Empire: feather / grass / rock. Cereal giving I see a woman’s hands, see her curious hands break a stalk as she walks through the tall prairie, the savannah, the steppe, wherever it was. See her idly bite the grass that ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Hemingway’s Goblet by Dermot Ross (Mary Egan Publishing, $38)A handsomely produced (debossed cover, lovely ...
The Commissioner's decision validates the longstanding efforts of the local community and ensures that Awataha Marae will be managed to serve the needs of the local community, particularly for hosting tangihanga. ...
Source: The Conversation (Au and NZ) – By Tristan Salles, Associate professor, University of Sydney Examples of Australian landscapes.Unsplash Seventy thousand years ago, the sea level was much lower than today. Australia, along with New Guinea and Tasmania, formed a connected landmass known as Sahul. Around this time – ...
Source: The Conversation (Au and NZ) – By Felicity Castagna, Lecturer, Creative Writing, Western Sydney University Day Day Market, ParramattaPhoto: Garry Trinh I live on the edge of Parramatta, Australia’s fastest-growing city, on the kind of old-fashioned suburban street that has 1950s fibros constructed in the post-war housing boom, ...
Source: The Conversation (Au and NZ) – By Michael Ryan, Teaching Fellow in Economics, University of Waikato GettyImagesfatido/Getty Images There is an ongoing global debate over whether the high inflation seen in the aftermath of the COVID-19 pandemic can be lowered without a recession. New Zealand is not ...
The ‘Wicked Game’ heartthrob is in his late 60s now. That didn’t stop him putting on a lively, goofy and very sparkly show. Apart from ‘Wicked Game’, which graces a sultry playlist of mine simply called 💋, my last sustained Chris Isaak listening session took place when I was about ...
Analysis - Two ministers were stripped of portfolios in a warning to Cabinet, drama broke out at the Waitangi Tribunal, and the gang patch ban bill ran into opposition. ...
Tara Ward makes an impassioned plea for some vital pop culture merch. In April 1999, I became obsessed with a new reality television show called Popstars. Every Tuesday night, five strangers transformed into music royalty before my very eyes as Joe, Keri, Carly, Erika and Megan were chosen to form ...
PNG Post-Courier In the early hours of ANZAC Day, aerial photographs captured an impressive gathering of Australians and Papua New Guineans at Isurava in the Northern (Oro) Province. The solemn dawn service yesterday was held at a site steeped in history, where some of the fiercest battles of World War ...
The PSA is shocked that Oranga Tamariki has used the cost cutting drive to downgrade its commitment to Te Ao Māori and remove many specialist Māori roles. ...
Source: The Conversation (Au and NZ) – By Ian Kemish, Adjunct Professor, School of Historical and Philosophical Inquiry, The University of Queensland There can be no more powerful symbol of the relationship between Australia and Papua New Guinea than the prime ministers of these neighbouring countries walking together on the ...
Source: The Conversation (Au and NZ) – By Sharon Robinson, Distinguished Professor and Deputy Director of ARC Securing Antarctica’s Environmental Future (SAEF), University of Wollongong, University of Wollongong Andrew Netherwood Over the last 25 years, the ozone hole which forming over Antarctica each spring has started to shrink. ...
Source: The Conversation (Au and NZ) – By Viktoria Kahui, Senior Lecturer in Environmental Economics, University of Otago Getty Images/Amy Toensing Biodiversity is declining at rates unprecedented in human history. This suggests the ways we currently use to manage our natural environment are failing. One emerging concept focuses on ...
Source: The Conversation (Au and NZ) – By Timothy Colin Bednall, Associate Professor in Management, Swinburne University of Technology marvent/Shutterstock Finding the best person to fill a position can be tough, from drafting a job ad to producing a shortlist of top interview candidates. Employers typically consider information from ...
Wondering where to host your next BYO? Whether its a small gathering or a massive party, we’ve got some recommendations. I was first introduced to the concept of BYOs at Dunedin’s India Gardens, a legendary but sadly defunct establishment, which purveyed enormous quantities of mango chicken to Aotearoa’s drunkest future ...
Source: The Conversation (Au and NZ) – By Julien Cooper, Honorary Lecturer, Department of History and Archaeology, Macquarie University Julien Cooper The hyper-arid desert of Eastern Sudan, the Atbai Desert, seems like an unlikely place to find evidence of ancient cattle herders. But in this dry environment, my new ...
The sector says it’s hopeful her replacement Paul Goldsmith will be able to throw it a lifeline, after six months with a minister deemed missing in action, writes Catherine McGregor in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign ...
The government can't just rely on axing public sector jobs and has to do more to cut spending, says the chief economist at a free market think tank. ...
Rock The Vote NZ, known for its advocacy for minor party unity and its role within the Freedoms NZ Coalition during the 2023 General Election, celebrates this merger as a strategic enhancement of its operational strength and outreach. ...
Nearly everyone has experienced the frustration of something you use breaking and being difficult or expensive to fix. Proposed legislation could change that. It’s been raining on and off all Sunday afternoon but people are lining up outside a building in a corner of Gribblehirst Park in Sandringham, Auckland. In ...
What does a forever relationship look like when you don’t believe in marriage? And how do you celebrate it? This essay is part of our Sunday Essay series, made possible thanks to the support of Creative New Zealand.I’m going to do it, right now. I’m going to say ...
The Prime Minister has committed to resuming direct flights to Thailand. But it’s not a promise he will be able to deliver on anytime soon. The post Prime Minister jumps the gun in Thailand appeared first on Newsroom. ...
It’s not that long ago Eliza McCartney was seriously wondering if the Paris Olympics would be her pole vaulting swansong. After years of being hounded by injury after injury, the Rio Olympics bronze medallist was still confident she would compete at her second Olympics in Paris in July, unless something ...
FICTION 1 Take Two by Danielle Hawkins (Allen & Unwin, $36.99) There’s commercial fiction, like this book, and then there’s quality fiction, quality writers, quality literature; the forthcoming Auckland Writers Festival is full of quality, and ReadingRoom has two tickets to give away to the following events: Paul Lynch (Dublin ...
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You can’t have missed the Gallipoli story as the movies, documentaries, essays and books capture what it was like for New Zealand troops in their eight-month campaign on the Peninsula. But this Anzac Day the Auckland War Memorial Museum has published a book that sheds light on a little-known aspect of the ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra In the free-for-all between the Australian government and Big Tech boss Elon Musk this week, the government had to be on a winner. Most people would have little sympathy with Musk’s vociferous opposition to ...
Asia Pacific Report Chief Mandla Mandela, a member of the National Assembly of South Africa and Nelson Mandela’s grandson, has joined the Freedom Flotilla in istanbul as the ships prepare to sail for Gaza, reports Kia Ora Gaza. Mandela is also the ambassador for the Global Campaign to Return to ...
Pacific Media Watch Journalists who report on environmental issues are encountering growing difficulties in many parts of the world, reports Reporters Without Borders. According to the tally kept by RSF, 200 journalists have been subjected to threats and physical violence, including murder, in the past 10 years because they were ...
Analysis by Dr Bryce Edwards, Democracy Project (https://democracyproject.nz)Political scientist, Dr Bryce Edwards. Prime Minister Christopher Luxon has surprised everyone with his ruthlessness in sacking two of his ministers from their crucial portfolios. Removing ministers for poor performance after only five months in the job just doesn’t normally happen in ...
Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra BagzhanSadvakassov/Upsplash, CC BY-SA Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. ...
ACT's Rural Communities and Veterans spokesman Mark Cameron responds to cancellations and protests of ANZAC Day commemorations in Wellington. He says, "These pitiful attempts to detract from ANZAC Day are not at all indicative of the feelings of mainstream ...
Source: The Conversation (Au and NZ) – By Meighen McCrae, Associate Professor of Strategic & Defence Studies, Australian National University American and Australian stretcher bearers working together near the front line during the Battle of Hamel in 1918.Australian War Memorial While the AUKUS alliance is new, the Australian-American partnership ...
Pōneke based peace activists staged a silent protest at the ANZAC day service to highlight New Zealand’s complicity in war and genocide, and urge the government to take concrete steps to stop the genocide in Palestine. ...
Source: The Conversation (Au and NZ) – By Magdalena M.E. Bunbury, Postdoctoral Researcher, James Cook University Burial with a horse at the Rákóczifalva site, Hungary (8th century AD).Sándor Hegedűs, Hungarian National Museum, CC BY How do we understand past societies? For centuries, our main sources of information have been ...
Amanda Thompson doesn’t really do Anzac Day. But what she does do is remember the people she knew who had a lifetime to remember stuff they didn’t really want to, because of a war they didn’t ask for. And she does make Anzac biscuits.First published in 2021.All my ...
Source: The Conversation (Au and NZ) – By Kathryn Willis, Postdoctoral Researcher, CSIRO Xavier Boulenger/Shutterstock In the two decades to 2019, global plastic production doubled. By 2040, plastic manufacturing and processing could consume as much as 20% of global oil production and use up 15% of the annual carbon ...
With our collective remembrance, and steadfast belief in our common humanity, we strengthen our hope and resolve to do what we can to foster dialogue and understanding, and to heal divisions in our pursuit of peace. ...
Principal reasons for the opposition is the loss of the public’s democratic right to have “a fair say” and the vital need for a government free from corruption, said Casey Cravens of Dunedin, president of the New Zealand Federation of Freshwater ...
Never mind the scoreboard – in the 2000 Bledisloe Cup decider, the real trans-Tasman battle was won before kickoff.First published in 2016. The dawn of the new millennium was a dark time for the All Blacks. Their final game pre-Y2K was a 22-18 loss to South Africa in the ...
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Excellent video. Obviously targeted at union delegates. Should be compulsory for some poorly educated employers as well.
As this place is a union funded blog [deleted]
[lprent: The biggest nut around is yourself – please read the policy and the about. It is funded by me, and not by some pathetic wingnut pretending to be a wharfie ]
A union funded blog? Will someone ban this crackpot?
You ban me then I call in my mates at the Teamsters Union to sort you out. Don’t piss me off boyo.
[lprent: ‘Teamsters’ ? Dad, have you been watching too many gangster movies? Besides aren’t you banned? ]
Gimme a break. This is just propaganda from a right wing union to talk workers into accepting they’ll be paying for this crisis. The union bureaucracy featured in this video are no friend of the workers. Why should workers pay for a crisis they didnt make.
I’ve got three questions for you Ray.
– What makes you say the EPMU is a right-wing union other than the talking points you’ve picked up from the sectarians in Unite?
– What possible motivation would the EPMU have in talking workers into accepting they’ll be paying for this crisis?
– With reference to the above, have you even watched this video?
I’d be interested in your responses, that is if you’re honest enough to back up your statements with facts.
Hey .. Ray and Wharfie,
have a look at this ..
http://jameshowardkunstler.typepad.com/clusterfuck_nation/2009/03/what-next.html
Good point Ray. If Little and Conway believed their own propaganda that capitalism is sweet and its just the financiers that ran amok, they would be saying let the financial speculators pay for the crisis, we are not paying for any of it.
They would condemn the Labour government for signing up to a deposit guarantee that bails out shonky finance ripoff merchants.
That would be tough for Little who is now Labour Party Pres.
They would attack Key as a financier whose former failed employer Merryl Lynch has been bought up by BOA which itself has to bailed out. Instead of guaranteeing the toxic assets (greedy bets) of the financiers they would nationalise their good assets and use them to create jobs for all who get sacked.
But of course if they were to do that the financiers would be revealed to be the same people that own all the big corporations and run the state that is busy taking our taxes and future labour as bailout packages. To upset the financiers would be to rock the whole capitalist shebang.
The EPMU half-assed apologies for the system and not an explanation of the crisis but a joke cover up of its real causes in declining profitability that is built into the system. It proves that they are up the system and their only use to the bosses is to keep workers quiet.
Time to wake up.
Rave, I disagree with pretty much every point you’ve made in that comment, but I congratulate you for making your argument without resorting to tribal partisanship.
I think I follow the feeling in your comment, Rave, but I’d have to say it is a little loose re assets and their merits/values etc..
As I’ve said here before just as labor produces goods & services then the role of capitalism is to produce capital.
What has happened is that capitalism and capitalistic resources have not (in the main) produced capital—they have created credit and taken fees/charges from its very high leverage. Repeat: credit is NOT capital.
Correct, those “toxic assets” are problematic. And because they do not value out in ‘mark-to-market’ — hey I didna invent this market makeover stuff 😉 — or accepted modern business means. Hence, putting the show back on the road requires either they are bought up (independently by govt..?) – that is to say another funding source, or they are ‘bought’ over time by perpetrators.
We both know which choice has been made. And yes, for better or for worse.
You might care too ponder what kind of banking minds aligned themselves to ‘off-balance sheet’ accounting. Does it make them incompetent or criminal. Or both.
And, praise be, how would punishment of offenders with nationalization make our world better..?
The trouble with blogs is that the nutters can move in and make comments that can kill good discussions. Wharfie and Ray are obviously trying to do this. Are they the same person?
These films are really good. It would help us all if we could concentrate on the messages. For me the messages are:
1. These are extraordinary times.
2. Workers are not to blame. Wall Street and the Bankers who leveraged to the extreme equity in ordinary homes should be blamed.
3. Consumption is going down. It is not a bad thing. Climate change and global warming and environmental devastation ought to require us to consume less. One less plasma TV will mean less transportation and money but will also mean that the current economic system will suffer.
4. Why should workers suffer? They do not share in the profits earned by their employers when times are good but they are expected to suffer when times are bad through no fault of theirs.
5. A 9 day working fortnight sounds great. Most workers cannot and should not suffer a 10% wage cut, some employers may fold if they have to pay for the extra day. The logical solution is for the proposed tax cuts to be cancelled and for central government to pay for the 10th day. I am holding my breath. It will hurt the wealthy but they are the most able to handle these current circumstances.
Maybe Karl Marx was right?
[lprent: Wharfie is d4j. Ray prefers to not use his usual psuedonym.]
You can believe all the Andrew Little rhetoric/garbage/tokenism all you like, but where was the EMPU when Air New Zealand was shafting its engineers, oh thats right it was helping Rob Fyfe force them to take a pay cut. Or where was the EMPU when Fisher & Paykel shut up shop? The EMPU/Andrew Little/Labour are no friend of workers.
You’re right mickey, workers should not pay for this crisis.
You appear to be under the misapprehension that a union’s national secretary is like a superhero who can ‘save’ workers from any calamity. Anyone who’s actually organised knows that’s not true. You can only take workers as far as they’re willing to go and to the extent that is possible under the current system where bosses own the means of production and have ultimate managerial prerogative.
You sound like another of those ‘glorious defeat’ idiots Irishbill wrote about the other day.
Mr little says “a lot of employers are getting workers to panic”???. Wake up idiot – now is not time to come across all militant and thuggish, companies do not have the usual fat to accomodate unions demands. This guy is the new Labour president – I think you were better off with the fat snoop.
Employers suddenly bleat during recessions and depressions. All of a sudden want the state to bail them out. Look at the US car companies.
I’m just waiting for the property developers to do it here..
What a great video. The collective message is that we are all in for tough times. And Andrew Little was a small part of this. Gareth Morgan is certainly not a Left winger and I understood
his message straight and clear. It should not be assumed that the “workers” should be the first to pay. (Although the USA tends to use the poor and disadvantaged as canon fodder.)
It would be interesting to get a critque from Rod Oram.
Wake up Mike the world has moved on. The market has failed.
Employers who can’t keep workers in jobs and pay them decently should go broke. Instead workers are expected to cut their pay and mortgage their future pay and taxes to bail out corrupt banks and failing icons like F&P.
The market has failed. Its not the best way to allocate scarce resources, unless its into the pockets of the rich. Obama is stuck in the old way of propping up the market in the name of a ‘new deal
see http://www.globalresearch.ca/index.php?context=va&aid=12517
According to Chossudovsky he’s shifting public spending from the poor to the rich even more than Bush. A massive con job.
The market has failed and needs to be replaced by social ownership to meet the needs of the people, for the people by the people.
If workers are expected to take pay cuts and bail out bosses, then they should demand to decide who gets bailed out and that it will only happen if this public investment becomes public ownership.
This means that scarce resources would become publicly owned and democratically planned.
The CTU should be saying that to defend jobs we have to take the most important industries and services into public ownership and put them under the control of working people not corrupt banksters raking in multimillion bonuses sitting on boards who are only interested in maximising profits.
Socialists say “We WON’T pay for their crisis”. We didn’t cause it, and where workers are threatened with redundancies, we point to the examples of factory occupations in Chicago, Waterford and Buenos Aires as an alternative to capitalist greed and mass unemployment.
The new film from the EPMU differs in tone. Whilst it puts forward some valuable economic information and gives rank and file workers a voice to raise their fears, it also sees the Union’s role as softening the effects of the Depression in partnership with employers, rather than fighting them militantly for every job. SA presents the film and welcomes readers to post their take on the EPMU’s line.
Crunch Time. For workers, for bosses and for union bureaucrats.
(an alternative film on how to fight redundancies here)
http://socialistaotearoa.blogspot.com/2009/03/crunch-time-film-on-crisis-by-epmu.html
Jesus that shite almost makes Al Gore’s efforts believable – back to china with you my friend
I have e-mailed Rod Oram and invited his comment on the video, as a man whose opinion/assessment is respected. We will see.
now is not time to come across all militant
Grow up Mike. We haven’t had militant for decades. It’s 123 years since Haymarket. Be careful what you wish for.
Is this the same Andrew Little, card-carrying member of the Labour Party and supreme double dipper, who was praised….not! by Chris Trotter in his most recent column?
Cracks in the ricketty walls of the socialist mud house appear to be widening. All under the eagle eye of the supreme leader Fill Goff.
Ah, the joys of being opposition.
[lprent: You are a obnoxious little illiterate. The presidential position is either unpaid or pays bugger all. Now what about that National MP in Mangakiekie who is double dipping on both my taxes and my rates. From what I’ve heard he doesn’t do much around the council these days.]
“Ah, the joys of being opposition.”
Latest Roy Morgan Poll: National 56% Labour 26%
You call that opposition?
[lprent: I seem to remember the Nats getting 22% in an actual poll (election) in 2002 – do you call that being an opposition?. Why don’t you jerk-off elsewhere if all you can raise are troll lines.
This appears to be a troll campaign. I’m going to delete comments of this form that have no other content]
“I seem to remember the Nats getting 22% in an actual poll (election) in 2002”
Oh give Phil Goff time. I’m sure 22% is achievable.
Gee the mood round here needs lifting
[lprent: it was 20.9% for National in the 2002 election. After that they dropped. It wasn’t until Brash stirred up the racial bigots in the Owera I screech (a proud moment for the right) that they started to rise in the polls.
We tend to get annoyed when troll wankers start jerking off their poorer qualities around here. If you cannot argue a point then don’t come here. Seeing your ‘point’ mindlessly scattered by multiple people around multiple posts without actual brainwork being involved gets me seriously pissed off, and I act accordingly. ]
excellent work, well done whoever’s responsible for it.
if only our msm could be trusted to produce such informative and honest commentary.
come to think of it – if only NZers were encouraged to understand this before the election. if only our msm weren’t so keen to downplay the gravity of the situation during the election, so as not to discourage voters from speculating on sketchy long-shot promises.
So it’s the MSM’s fault that Labour lost the election now is it ?
Iprent: There are some “opposing views” which are thought provoking. The abusive ones like from Tawa (gives Tawa a bad name) are useless. I support your reactions! Rid us of the buggers.
Excellent video’s.
This is NOT a recession. It is a major debt-deflationary crisis caused by grossly irresponsible or fraudulent lending by the global finance system. Until the massive excess debt bubble is unwound or reset, credit will remain hard to find, and the economy will continue to unravel. No matter how sound your business or financial history, banks find it almost impossible to lend when assets are still FALLING in value, which in turn causes the assets to fall further in value.
Unemployment will peak around 20-30% and will remain stubbornly high for very long time, maybe 10 -20 years (the Japanese have remain mired in this same trap almost 20 years so I can point to precendent). Many of the rest of us will be underemployed, and our take home pays will fall. The two reasons why this crisis has yet to hit us hard here in New Zealand are simple.
One until very recently our employment capacity was so highly extended that in the last few months much of the fall has been masked by cuts in overtime, 4 day weeks, dropping secondary jobs and using up accumulated annual leave. But as the crisis deepens in the next few weeks, the job loss snowball (665 in the last week alone) will become obvious to all.
The second reason is of course, that our banks are still solvent and thanks to Michael Cullen our public sector debt is extremely low, which will give us a little breathing space and a temporary reprieve … but this National govt has no ideas and no ability to respond.
“thanks to Michael Cullen our public sector debt is extremely low, which will give us a little breathing space and a temporary reprieve but this National govt has no ideas and no ability to respond.”
Yes he did well to retire as much debt as he did – this good work should however be balanced against the poor decisions (in hindsight) in relation to NZ rail, AIA and Air NZ.
In todays Herald John Roughan explains why he thinks there are no problems. Everything will be dandy. Funny how different are the assessments. For me the above video is chillingly credible as is Redlogix logic. Roughan’s:
http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10560366
F*&king H^ll, I’d really like to know what colour the sky is on his planet.
Explaining what exactly?
The social democratics of various hues, pink, green, beige, etc need to study their Marx so they understand what is happening to them before it is too late.
For the cruisers hung up on the evils of neoliberalism there is David Harvey’s brief history of neo-liberalism
http://www.youtube.com/watch?v=PkWWMOzNNrQ&feature=related
For the stayers who always worried that globalisation might be more than meets the eye there is his lecture series on globalisation
http://www.youtube.com/watch?v=tr1Cj1QzdCY&feature=related
For the high performance types who passed High School algebra there is the most recent series on Marx’s Capital starting here
http://davidharvey.org/2008/06/marxs-capital-class-01/
Or there is the Brendan Cooney’s cool low key webcam series starting with http://www.youtube.com/watch?v=yBciA1y-2mQ
Rave,
For months I couldn’t make up my mind if we were going to get deflation due to unwinding excess debt, or inflation due to Central Banks printing money in response to the crisis. Turns out that the credit grinch bubble popper will trump the RB printing pump everytime. It’s like trying to keep a hot-air balloon aloft by turning up the gas heater, when the top of the canopy has been ripped in half.
I highly, highly recommend this article. Steven Keen predicted all this on sound theoretical grounds years ago.
The article even starts with a quote from Charlie (and has his picture)… so there must be something in it for you to like.
Redlogix
Keen’s paper is quite readable and explains the neo-Keynesian position well. Yet what’s missing is the other quote from Marx which you didnt see along the lines of how come capitalism allows a bunch of parasites to expand credit many times beyond the money supply, the capacity of the state to print money, and the underlying sum of the value of commodities produced by a given country, so while the Chinese and Japanese buy a large chunk of the debt, it is only official debt (fiat credit), not the crazy bank credit Keen talks about, and cannot prevent the crunch happening.
Sure Marx hated the finance parasites, but he explained why they existed. Not as aberrations to the normal equilibrium of capitalism but the product of the internal contradictions of capitalism. Credit is expanded (and not regulated because the state is run by those with an interest in credit expansion) because the productive circuit is incapable of taking up the surplus capital since it cannot realise a profit on money invested in production.
This, when the rate of exploitation (roughly the ratio of profits to wages) despite neo-liberalism, globalisation, privatisation of state assets, increasing productivity (rate of exploitation), cannot be increased fast enough to return a profit over total investment. The result is a crisis of overproduction of money capital and commodities. Solution is to devalue all commodities including labour-power until investment in the productive circuit does produce a profit.
Therefore according to this logic, the finance sector becomes detached from the productive sector at a specific point when profits fall to a certain level, so that the surplus capital then spins off into excessive credit creation to attempt to realise profits in the sphere of exchange rather than production. The credit bubble then produces the credit crunch as the fictitious value of those assets collapses back towards their actual price of production. So its not a monetary crisis or even a credit crisis in reality but a capitalist crisis because the credit crunch is a symptom of the failure to extract enough value to valorise the capital invested in the productive circuit.
Such a crisis is always deflationary because the values of wages and other commodities, along with all the fictitious capital speculating in asset value, collapse downwards to reach that point where the surviving big banks (guess which) buy up the surviving corporations (guess which) and start re-investing in cheap labour and cut price productive assets, new technology comes on line, and away we go on another merry go round.
And this leaves out the whole impact of crisis and restructuring on those who pay for it – the working class. That’s why a third quote from Marx is useful. Somewhere he said that capitalism never falls down by itself. It can suffer massive crises, prove that the market fails, but if it has the capacity to fool most workers or repress them then it will stagger on. Only the activity of a politically conscious working class can end capitalism. Capital is not self-equilibrating, or ultimately self-destructive, but it does produce its own gravediggers.
I’ve read Keen why don’t you have a look at Brendan Cooney’s youtube vids I cite above, they are great fun. Take a look at the political economy of Superman, and the Matrix.
rave,
Given what is happening right before our eyes, your line of reasoning in your very good post above, is dammed hard to argue with.
I’ve read Keen why don’t you have a look at Brendan Cooney’s youtube vids I cite above, they are great fun.
Yes I intend to, but later when I’m using a proper ADSL connection, and not this oversold crap 3G Nodafone connection.
Interesting..As to the following:—
So its not a monetary crisis or even a credit crisis in reality but a capitalist crisis because the credit crunch is a symptom of the failure to extract enough value to valorise the capital invested in the productive circuit.
I am not sure what you mean with that term “valorise”, but I have a question pertaining to constructive solutions.. That is, to what extent would the suggested undervaluing of capitalism’s productive sector be capable of implementing revaluation/s in taking up part or all of the so-called credit surpluses.
What tools – financial, wage, salary, compensation – would be appropriate in so doing. Given how clearly the worker/laborer be no worse off..
Look forward to your views on this..
Armchair radicals like Trotter and “Ray” can attack the EPMU and Andrew Little all they like, they don’t have to make decisions in the real world. It’s easy to criticise from a position of ignorance and irrelevance.
The fact is the EPMU gets the highest pay rises of any union and takes the lead in the whole movement’s campaigns to defend workers’ rights. If you want to accuse them of selling out to the boss class then you should at least get some facts to support your argument rather than trotting out cliches from two decades ago.
Redlogix and Rave: I am always impressed from an Economically uneducated point of view at the competence with which you put your thinkings.
Does the point about capital outstipping production, (“so that the surplus capital then spins off into excessive credit creation to attempt to realise profits in the sphere of exchange rather than production.”) lead to those who blame the workers for not being productive enough? Hence the old arguments about how we/they have to be more productive in order to increase the wages in order to match Australia. All the workers/employers fault of course.
[deleted]
[lprent: GL – you are currently banned. Putting you into the anti-spam as you don’t offer anything and appear to ignore warnings]
Easton and Morgan, two of the leading econmists/commentators in New Zealand offering constructive advice on the way forward. This is pro-worker without being anti-employer and yet another example of the positive approach adopted by Little/EMPU. As awkward as this video is, it’s an important insight into the strategy the EPMU are considering for the next few years: one that’ll ensure growth on the otherside is sustainable.
Redlogix, thanks for your email – I’m sorry I’ve not replied, I’ve been a bit distracted. I apreciate your response however.