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
- The Mendacities of Mr Key # 16: No one deserves a free tertiary education (except my mates and me)
- 2016 – Ongoing jobless tally
- Citizens present petition at Governor General’s gate
- Letter to the Editor: Steven Joyce – Hypocrite of the Year
- Hekia Parata breaks law – ignores Official Information Act – claims emails “not found” – and it gets worse!
- Dumber and dumber, scarier and scarier
- The Mendacities of Mr Key # 15: John Key lies to NZ on consultation and ratification of TPPA
- David Bowie – returning to the stars
- Letter to the Editor – Rightwinger caught out parroting his own garbage
- The Best Laid Plans of Mice, Men, and Mechanoids…
- Letter to the editor – Donald Trump and the lessons of history
- Welcome back, Collins
- Hekia Parata breaks law – ignores Official Information Act
- Media stories of the Week: Police Commissioner Mike Bush on dubious police practices
- Media stories of the Week: ISIS revealed by Middle East expert
- Media stories of the Week: US Ambassador dismissive of our laws
- Wellingtonians say; “Everyone deserves a home – no more homelessness!”
- The slow starvation of Radio NZ – the final nail in the coffin of the Fourth Estate?
- Citizens march against TPPA in Wellington: Did Police hide tasers at TPPA march?
- Citizens march against TPPA in Wellington, send message to National govt: “Yeah, nah!”
- Andrew Little: if you want to send a really strong message to New Zealanders…
- Big Bro’ is Watching You!
- A picture sheds a thousand tears…
- A Tale of Two Head Coverings – a personal-essay
- Unemployment, Christchurch, dairy prices – Bill English confirms blogger’s analysis
- 2015 – Ongoing jobless tally
- State houses – “wrong place, wrong size”?
- Weekend Revelations #3 – Greg O’Connor and criminal statistics
- Weekend Revelations #2 – Michelle Boag has a whinge
- Weekend Revelations #1 – Dr Jonathan Coleman
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- 409,491 hits