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Michael Reddell at Croaking Cassandra – Perhaps the politicians are content with this record: Adam responds – I’m not!!


Mr Reddell pens a damming indictment of our leaders with this post.

Unless these issues are addressed no ‘wellbeing budget’ so called will do anything

Just look at these 2 charts

This is the company we keep these days (comparable levels of real GDP per capita, in PPP terms).

e europe.png

(For the two countries with asterisks the numbers are for 2017).

And here is total growth in labour productivity over the period 2012 to 2018 for each of those countries.

e europe 2

(On my reading of SNZ data, the OECD’s New Zealand numbers looks a little low: probably something between 0 and 1 per cent looks to be a better estimate).

It wasn’t that 2012 was particularly exceptional in New Zealand – so that we were coming off an artificially high base – just that since then productivity growth has vanished.

GDP phw may 19

The picture revealed is disgusting.

What the hell is going on with our economy?

The political numbnuts and their business and union buddies have totally lost the plot.

Now instead of concrete initiatives we have a ‘wellbeing budget’ as a substitute for doing anything except hand out $ we are not earning. National is as bad.

Time for real leadership instead of hugs or Christian values or more of the same.

Get real NZ.

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