Centralising the Public Health System The proposed health redisorganisation seeks to markedly centralise the health system. Is this grab for power justified; will it work? The Cabinet paper’s justification of the proposed changes is sevenfold. The first two are about Maori issues. One is constitutional, arguing that the ‘public health system does not meet the…
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The recognition that there is a media problem is correct, but the chosen solution is likely to be disastrous. Whether it intends or not, the government is embarked on a course to undermine Radio New Zealand. It wants to merge TVNZ and RNZ in order, it says, to strengthen the media. ‘Merge’ is a weasel…
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Now is about the time that the Government is getting its Budget Strategy together In the week before the budget – the 2021 one is to be delivered on Thursday 20 May – there is a strange ritual in which all the commentariat and lobbyists (who are not necessarily distinct from one another) tell us…
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Whatever the damage, especially to the British economy, Brexit has done us a service by illustrating the complexity of trade. Brexit is the only example we have of two closely integrated sophisticated economies severing trading ties. The European Union and Britain still do not have tariffs or import quotas between them – the stuff of…
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The government’s recent housing package may work; will it do enough? Trick Question: Does New Zealand have a capital gains tax on housing? If you ask the Prime Minister she will say not. It is true that her government is increasing the scope of the ‘bright-line test’ on non-family homes to ten years. That means…
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The Climate Change Commission should immediately publish the details of its economic models and enable the public to access them. There is something strange going on with the Climate Change Commission. In its draft report the CCC said ‘We have looked at the impacts which our budgets could have on the economy and society…
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Migration patterns provide further evidence that wellbeing is not simply measured by income. New Zealand’s GDP per person is about 20 percent lower than Australia’s. Some think that the difference arises because our economic policies have been inferior. They then leaps to arguing for new policies based on ideology rather than evidence. Frequently those policies…
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Social philosophy in New Zealand is muddled and incomplete. This year, 2021, is the fiftieth anniversary of John Rawls’ The Theory of Justice, described as the most important book on political philosophy written in the twentieth century. As you might expect it is a big book (587 pages with a follow-up one of 464 pages)…
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How Can We Make Wellbeing at the Centre of Public Policy If We Dont Measure It? When the Minister of Finance announced in the 2018 budget that in the future economic policy would focus more on wellbeing, many saw a glimmer of hope that we were moving away from the mechanical thinking which underpinned Rogernomics/neoliberalism….
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There are times when tikanga needs to be broken for tikanga to survive. I recently gave a presentation on Māori economic history based on my Not in Narrow Seas. Its most important message was that Māori proved to be a very adaptable people continually evolving as new opportunities arose. The European tradition recalls the Duke…
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The burning of books has a long history. That it no reason why we should add to it. If you want to get Burning of the Books: A History of Knowledge Under Attack from the National Library you may have to hurry. It is in the overseas nonfiction section; many books of which are being…
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Building more houses is not going to reduce house prices much (although it will help more people to be decently housed). The inflation driver is financial speculation based on leveraged borrowing. Until that is addressed, house prices will continue to boom. Policies based on theories which do not fit the facts are not going to…
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While many readers will say ‘the king is certainly not above the law’, not everyone believes that, especially if they are in power. The term ‘democracy’ is complicated and often used misleadingly. For instance, the ‘German Democratic Republic’ (a.k.a. East Germany), which was a part of the Soviet Empire, had one male in four reporting…
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The Treasury forecasts suggest the economy is doing better than expected after the Covid Shock. John Kenneth Galbraith was wont to say that economic forecasting was designed to make astrology look good. Unfair, but it raises the question of the purpose of economic forecasts. Certainly the public may treat them as horoscopes which is usually…
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All nations have shadows; some acknowledge them. For others they shape their image in uncomfortable ways. The staunch Labour supporter was in despair at what her Rogernomics Government was doing. But she finished ‘at least, we got rid of Muldoon’, a response which tells us that then, and today, one’s views of Robert Muldoon, prime…
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Does the US need to strike a grand bargain with like-minded countries to pool their efforts? What does this tell us about today’s global politics? Perhaps the most remarkable editorial of last year was the cover leader of the London Economist on 19 November 2020. Shortly after Joe Biden was elected president, that stalwart of…
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The deed is done, the doers undone Had I been a Brit, I would have voted ‘Remain’ rather than Brexit (or ‘Leave’). Instead, I have been bemused by the comic theatre of British politics, fascinated by what the Brits actual think and professionally interested by the revelations of the complexity of the interactions between Britain…
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December’s Half Year Economic and Fiscal Update (HYEFU) was combined with the Government’s plans for its first 100 days. Each December, six months after the budget, the Treasury reports on the state of the economy and the government accounts. Since the August Pre-election Economic and Fiscal Update nothing much has happened in the macro-economy, so…
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But do we have the foggiest idea of what it means or how to do it well? Once upon a time, say 80 years ago back in the days of the First Labour government, ‘social investment’ referred to the government spending, including on education, health and children, which in the long run would add to…
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The retirement of the Governor of the Reserve Bank of New Zealand leads to a reflection on what has been really going on. During Graeme Wheeler’s five-year term as the Governor of the Reserve Bank (RBNZ), consumer prices rose 1.05 per cent annually. He had a Policy Target Agreement with the Minister of Finance ‘to…
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