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
- Letter to the editor – Juliet Moses does NOT speak on my behalf!
- The Legacy of a Dismantled Prime Minister
- Trump escalates, Putin congratulates
- Protestors condemn Russian involvement in atrocities in Aleppo
- The Sweet’n’Sour Deliciousness of Irony: Russia accused of meddling in US Election
- Charter Schools in a Post-Truth Era
- The Dismantling of a Prime Minister – Completed
- The Mendacities of Mr Key # 19: Tax Cuts Galore! Money Scramble!
- The Rise of Great Leader Trump
- An earthquake separates John Key and ‘The Iron Lady’, Margaret Thatcher
- When Life is a Lottery
- The seductiveness of Trumpism
- 2016 – Ongoing jobless tally and why unemployment statistics will no longer be used
- Black Ops from the SIS and FBI?
- Expose: Winston Peters; the 1997 speeches; and neo-liberal tendencies
- Letter to the editor – Do National voters want us to be tenants in our own country?
- Congratulations Dr Smith!!
- Special Education Funding – Robbing Peter, Paul, and Mary to pay Tom, Dick, and Harriet
- New Zealand – we’re in the sh*t
- We don’t want to send the wrong message – John Key
- National exploits fudged Statistics NZ unemployment figures
- Is Karl du Fresne happy now?
- “Spinning” in a post-truth era
- Letter to the editor – Plunket and the slow strangulation of community organisations
- National’s Wellington Mayoral candidate, Jo Coughlan – four lanes to nowhere
- Trump – the cultivation of demagoguery
- Letter to the editor – more silliness from former Nat President, Michelle Boag
- Matthew Hooton on “secret” UMR poll?
- Rebuilding the Country we grew up in – Little’s Big Task ahead
- National and the Reserve Bank – at War!
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