Political analysis and commentary shaping the progressive debate in Aotearoa New Zealand, focused on power, policy, and accountability.
Public Equity is not a difficult concept to understand. Equity is about ownership. And equity is about equality. Equal owners own what they own equally. Two equal owners of a house own that house equally. Two people with equal shares in a business have equal equity in that business. In capitalism, we understand equity to represent a private property right. That’s why many of us distrust capitalism; the problem is that emphasis on the word ‘private’.
THE LABOUR PARTY has never been very tolerant of dissenters. It is, therefore, unsurprising that very few within its ranks have reacted positively to my recent posting on The Daily Blog. No matter how many private reservations Labour supporters may be harbouring about Grant Robertson’s “fiscally responsible” economic policies, they would rather his critics refrained from giving public voice to their concerns.
Donald Trump’s recognition of Jerusalem as Israel’s capital has produced a lot of hot air; not only from the President himself, but from the mainstream media, which seems stuck more or less in the same narrative it’s been in for decades.
One of the clear threads is the move to a greater reliance on the complex stigmatizing regime of supplementary hard to access add-on means-tested assistance. Core benefits are not enough to live on and low wages are far too low.
IT’S OFFICIAL – there is now no prospect of this government living up to its promises of introducing “transformational” change. Thanks to Grant Robertson, the Labour-NZ First-Green Government will, with one exception, be fundamentally indistinguishable from the Clark-Cullen ministry of 1999-2008.
The frigates Te Mana and Te Kaha are a huge drain on the taxpayer. They cost hundreds of millions of dollars a year in running costs and regular upgrades. The current electronics upgrade is now priced at a whopping $639 million.
Good news! The Labour-led Government will introduce legislation to “legalise medicinal cannabis”, this side of Christmas. Bad news! Based on early hints about the content of the reform, patients are fearful about whether the changes will go far enough and whether they will have to continue to resort to criminal activity.
There’s been quite a lot of mainstream media attention on the Bitcoin phenomenon recently. And while any amount of prognostication about whether its runaway increases in value represent a bubble can be found pretty much wherever one cares to look, there’s one aspect of the present Bitcoin boom that I think’s been somewhat under-discussed.
It is with great concern that the manipulation of rosters to deny staff alternative holidays at Restaurant Brands has been confirmed to be so widespread that it must have been company policy at a senior level.
IMAGINE THE REACTION if Finance Minister, Grant Robertson, announced a broad-ranging, government-sponsored seminar on progressive economics chaired by Yanis Varoufakis. Vilified and demonized by EU bankers and politicians for his heterodox economic ideas, Varoufakis resigned as Greece’s Finance Minister rather than impose yet another of the European Central Bank’s crushing economic diktats on his impoverished homeland.
