Why it is mad for NZ to support a US war against China
The graph below should explain it all. From the year 2000 to 2022 exports to China increased from less than…
Mike Treen
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New dangers exposed by the banking crisis in the US
An issue I want to deal with, the dangers of using bank accounts as currency in late capitalism, in a…
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Why does National think importing cheap labour is the solution to every problem?
The National Party announcement on proposed immigration reforms is a leap backwards to the pre-Covid times when the economy depended…
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Reserve Bank Interest rates rise to force a recession on NZ
The Reserve Bank raised the Official Cash Rate (OCR) by 0.5% to 5.25% saying: “Inflation is still too high and…
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Taxing wealth is an essential part of the only road forward in the crises we face
The hurricanes and floods have exposed a deep series of crisis in New Zealand society including a decades long: degrading…
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Signs a housing crash is coming
The Reserve Bank is driving up interest rates and is the only one in the world to proclaim proudly that…
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Why Marx was right when he said that wage rises do NOT cause inflation
The Reserve Bank is increasing the cash rate they charge banks by .75% to 4.25%. They say they must charge…
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Why Marx was right about capitalism needing to have periodic crises (Part 3 of 3)
Two weeks ago I began this three-part series to help understand what is happening to the world economy today and why pro-capitalist…
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Why Marx was right about capitalism needing to have periodic crises (Part 2 of 3)
Last week I began this three-part series to help understand what is happening to the world economy today and why pro-capitalist…
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Why Marx was right about capitalism needing to have periodic crises
The National Business Review reported a comment by New Zealand’s then National Party government minister of finance Bill English on…