Category Archives: Political Economy & History

Reducing External Political Interference In New Zealand: A Modest Proposal.

Are we too generous about the civilian rights of non-doms, who do not pay tax on all their incomes?  Bryan Gould has drawn attention to the dangers we face in New Zealand of foreign political interference by funding contributions to political activity. His apposite example is Chinese money being channeled into the change-the-flag campaign. Would it…
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Bubble and Pop.

The history of New Zealand is speculation on farm land which stokes up debt, with disastrous consequences when the bubble bursts. The New Zealand industry is going through another one.  During the Great War, farm land prices boomed. When farm product prices collapsed in 1920, farmers walked off their land. It was not that the…
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Whadarya?

The Ethnic Future for New Zealand Is Unknown. But It Will Be Diverse and Different  The promise of increased future ethnic diversity is undoubtedly true, but often the statistical projections are both misleading and obscure the real issues. Each Population Census asks the respondents’ ethnicity. That is not their race, which is a genetic notion….
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Is Our Economics Good Enough?

A report on social services by the Productivity Commission raises serious problems about the quality of analysis in New Zealand. There is a widely held perception that the Productivity Commission, which makes recommendations to the government on how to increase productivity, is neoliberal. Partly that is because the commission was set up at the instigation…
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Let’s Not Turn Greek Debt into a Democratic Deficit.

We need to distinguish the sovereign state from the people it governs, and the other political institutions between. Things are moving so fast in the financial negotiations between Greece and the Troika (European Central Bank, European Union, International Monetary Fund) that there is little point in my trying to comment on them. But there is…
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Explaining the New Zealand Economy to a Latin American

The following response to three questions (in italics) was published in a prestigious Uruguayan weekly newspaper “Brecha“. It may be of interest because I am responding to the Latin American economic debate which is slightly different from the New Zealand one (but only slightly). Sorry for the included material necessary for an audience outside New…
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Peculiar Outcomes Of FPP Elections.

You may have been surprised at the outcome of the recent British elections, but New Zealand’s experience shows you should not have been surprised that you were surprised While writing my history of New Zealand, I wondered about whether it would be possible to assess people’s attitudes before there were surveys. Writers often impose their…
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WITH OR WITHOUT BRITAIN

The EU remains central to New Zealand’s destiny   Pundit: 23 December, 2014.   Keywords: Globalisation & Trade; Political Economy & History;   Suppose Britain exited the European Union of 28 countries. I am not recommending it; they would probably be worse off economically. Nor am I predicting it, although sometimes politics produces odd outcomes….
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HOW SUSTAINABLE IS NEW ZEALAND?

One of the biggest issues missed during the election campaign was the sustainability of National’s economic, environmental and even social policies. So what do you do if the government’s not thinking long-term?   Pundit: 29 September, 2014.   Keywords: Environment & Resources;  Macroeconomics & Money; Political Economy & History; Social Policy;   Behavioural economics is…
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LABOUR AND GREENS VOTERS ARE MORE ALIKE THAN DIFFERENT

  If voters can see the commonality between Labour and the Greens, why can’t political analysts?   Pundit: 22 September, 2014   Keywords: Political Economy & History;   Most political analysis in New Zealand seems trapped in the two-party winner-takes-all world, or perhaps they are numerically challenged by the number which comes after two. Whichever,…
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PERSON VOTES VS DOLLAR NOTES

On the eve of the election, let’s not forget the influence of ‘dollar-voters’ on the outcome Pundit: 10 September, 2014 Keywords: Political Economy & History; A modern society uses two main ways for regulating its public life; politics and the market. In principle the political ideal is ‘one person, one vote’, whereas markets are driven…
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AND THE WINNER IS …

In the economic contest between communist China. and democratic India what matters is people.   Listener: 9 August, 2014   Keywords: Growth & Innovation; Political Economy & History;   The debate in the 1950s was whether the Chinese economy would do better than the Indian one. Both countries had become independent in the late 1940s,…
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