8 things that mattered this week
The last week has seen the Labour-led Government confirm it is not going to deviate far from National’s fiscal policies, and will continue to fund public services at similar levels. How do we explain this insistence on fiscal conservatism in the face of clear and urgent need, and growing calls for change? Victoria University’s Dr Bryce Edwards argues that the Finance Minister and his colleagues have become so immersed in pragmatic electoral calculations they’ve lost touch with the shift away from orthodox economics.
Businesses continue to be pessimistic about the New Zealand economy according to NZIER’s latest Quarterly Survey of Business Opinion. Businesses reported that their own activity was faring well, in spite of the gloomy outlook wider economy. Thomas Coughlan reports.
New Zealanders are increasingly aware of the huge social, economic and environmental problems facing this country, yet the new Labour-led government seems unwilling to respond with the type of big, bold actions required. Victoria University political scientist Bryce Edwards says Labour has welded itself to a policy of fiscal conservatism, preventing it from making the necessary investments.
The 8 things that mattered this week
A proliferation of reviews, inquiries, and independent panels have been launched by the new government. Victoria University’s Dr Bryce Edwards argues this government is in danger of being struck down by “review-itis”, and this isn’t good for democracy.
A group of political and legal academics has urged the Government to scrap its controversial waka-jumping bill, calling it an “undesirable and harmful” law which could damage New Zealand’s democracy.
The Labour Party is far from poor. In fact, the latest political funding and spending news suggests it’s actually flush with cash. Dr Bryce Edwards of Victoria University looks at how modern political finance trends mean that “money follows power” rather than just going to the parties of the right.
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The CPTPP was signed in Santiago, Chile overnight.