To intervene or not to intervene, that is the question…
To intervene, or not to intervene, that is the question:
Whether ’tis nobler in this government’s mind to suffer The slings and arrows of outrageous recessionary fortune,
Or to take arms against a global sea of economic troubles,
And by opposing end them? To be hands on, and interventionist…
(With apologies to The Bard…)
Farmers get it…
Rich families get it…
Kids from rich families get it…
Insurance companies get it…
Even cute, furry-footed Hobbits get it…
And more for the Precious…
Hell, practically everyone can get it…
Subsidies for everything and everyone…
But not, it seems, to assist struggling construction companies until the Christchurch re-build kicks in, in earnest, and they can trade their way out of difficulties,
In a brutally frank analysis of the industry, NZ Herald journalist Anne Gibson wrote this piece about other failed construction companies and the effect it was having throughout the country – see: Recession hammered building firms, say chiefs
Greg O’Sullivan, of Takapuna-based building consultants Prendos, said,
“The recession has hammered the industry to the ground. It becomes a very acrimonious environment. Builders are having to watch every penny to survive.”
And it was all so unnecessary.
No government could not have prevented the recessionary effects of the Global Finance Crisis. But a more proactive government could have mitigated the harshest effects of the international recession with careful stimulation of the economy.
And by “stimulation” I do not refer to the wasteful, blunt-instrument-style tax cuts of 2009 and 2010. Those tax cuts added nothing to economic growth and only served to cut government revenue (see: Outlook slashes tax-take by $8b).
Thousands of jobs could have been saved. Thousands more jobs created.
A proactive government, with Ministers able to look ahead, would have immediatly implemented strategies to counter damaging recessionary effects;
- a dynamic building programme post-2009’s “Job Summit” (and I don’t mean Key’s wretched cycleway idea – see: Cycleway jobs fall short)
- increased investment, incentives, and subsidies for apprenticeships and other training/education for young people and other unemployed New Zealanders
- reform of tax laws which see inefficient investment in speculative house-buying/selling less attractive, and re-direct investment into productive industry
National should never have allowed our economy to get where it is now.
This is a government that is derelict in it’s duty, and for Steven Joyce and his cronies to carp on about “overseas investment” is a moronic cargo-cult mentality that simply defies understanding.
If New Zealand businesses leaders and Captains of Commerce still believe that National is a “prudent manager of the economy” – then going by the last four years and events in the 1990s – I promise you that you will get what you richly deserve if they are re-elected in 2014 (or earlier).
This isn’t governance. This is economic decline by a thousand cuts.
Expect things to get worse.
NZ Herald: Collapse ‘gut wrenching’ for roofing business (9 Feb 2013)
NZ Herald: Rise and fall of a very modern businessman (9 Feb 2013)
NZ Herald: Brian Gaynor: Mainzeal collapse needs investigation (9 Feb 2013)
= fs =
For a better New Zealand…
~ Cleaner rivers
~ No deep-sea oil drilling
~ Less on Roads - more on Rail
~ A Living wage at $18.40/hr
~ Marriage equality - Yay! Got that one!
~ Strong, effective Unions
~ No secret free-trade deals
~ Breakfast/lunches in our schools
~ Introducing Civics into our school curriculum
~ Cut back on the liquor industry
~ A fairer, progressive tax system
~ Fully funded, free healthcare
~ Ditto for education, including Tertiary
~ Fund Pharmac for Pompe's Disease medication & other 'orphan' drugs
~ No state asset sales!
~ Rebuild public TV broadcasting!
~ Keeping farms in local ownership
~ Reduce poverty, like we reduced the toll for road-fatalities
~ Jobs, Jobs, Jobs!
~ Being nice to each other
- Christchurch City Council – Having your asset-cake and eating it
- That was Then, This is Now #27 – John Key on GST
- Letter to the editor – Northland voters have been warned
- Letter to the editor – How much will a ‘free’ trade deal with Sth Korea cost us?
- 2015 – Ongoing jobless tally
- Latest Horizon Poll – Who paid for survey questions on mass surveillance/data collection?
- Have the media finally learned to ask the right questions?
- Someone at Fairfax is a subversive?
- Opposing the TPPA – the Heavens hold their deluge ’till the People speak
- Northland by-election – a damning poll and a damnable lie?
- Letter to the editor – A right to know?
- Letter to the editor – Getting the government we deserve
- Mike Hosking – Minister for War Propaganda?
- A marketing campaign that didn’t focus very well
- The Mendacities of Mr Key #11: Sorry, Prime Minister, what ‘mandate’ were you referring to?!
- The Mendacities of Mr Key #10: “Only two years!!”
- That was Then, This is Now #26 – John Key will let slip the dogs of war
- Capitalism and the price of chocolate
- The Mendacities of Mr Key #9: The Sky’s the limit with taxpayer subsidies!
- Letter to the editor – hitting charities where it hurts, courtesy of the Nats
- The Mendacities of Mr Key #8: A roof over your head, and boots on the ground
- Witnessing the slow decay of a government past it’s Use-By date
- Letter to the editor – A “clayton’s” government?
- Letter to the Editor – RMA Reforms and screaming Epsomites
- 2014 – Ongoing jobless tally
- Letter to the editor – Time to milk a tragedy again, by our Dear Leader
- Letter to the editor – through a mirror, crack’d?
- A degree in Urban Mythology, courtesy of Massey University
- The Slater-Key Txt-Messages Trip-Up – Did Cameron Slater Plan this?
- When the teflon is stripped away…
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