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 $19.25/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
- An unfortunate advertising placement, child poverty, and breathing air
- 2015 – Ongoing jobless tally
- Letter to the editor – When 41% of houses are bought by speculators
- Public opposition grows against TPPA – Wellington
- Citizens face Police armed with tasers at Wellington TPPA protest march
- Socially-sanctioned psychopathy harnessed for good
- Is this the defining quote for the 21st Century?
- Letter to the editor – let’s hear it for really, really, daft ideas
- To Annette King – we’ll hold you to that!
- Steven Joyce – Hypocrite of the Week
- Signs of the times…?
- Questions over Serco’s “independent” monitors and it’s Contract with the Crown
- Awash with alcohol and lies in the Internet Age
- The slow dismantling of a Prime Minister continues
- So what is the rationale for private prisons?
- Letter to the editor – More useless reassurances from our Dear Leader
- Letter to the editor – More reassurances from our esteemed Dear Leader?
- Letter to the editor – If Serco was the answer, what was the question?
- National fiddles – while Cancer Kills
- Letter to the editor – John Key’s broken promises, a habit?
- On private prisons…
- Letter to the editor – John Key’s legacy?
- Letter to the editor – softening us up for another broken promise?
- National’s moving goalposts on climate change targets
- Another ‘Claytons’ Solution to our Housing Problem? When will NZers ever learn?
- One man’s “terrorist”, is another man’s freedom fighter…
- The Flag Referendum – A strategy for Calm Resistance
- The slow dismantling of a populist prime minister
- Treasury on Rail. Let’s play a little game, shall we?
- Why Labour should NEVER play the “race card”…
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