Dr Liz Gordon – Debt as a weapon of mass destruction
The rise of high cost debt in Aotearoa is purely a response of the successive political movement to keep the bottom third of families living below the poverty line. No-one actually worried about the families at the time that Ruth Richardson’s mother of all budgets came in. The only goal of decreasing benefits then was to provide a gap between benefits and wages, so that wages could be pulled down.
