Skip to content

Aoteanomics Labour’s plan

29/07/2021

Dear Leader doesn’t understand GDP, therefore it must go.

Homepaddock

Robert MacCulloch asks: has Aoteanmoics become Labour’s plan for New Zealand?:

It started as a few comments that weren’t seen as mainstream. Now it’s become a veritable tsunami.

The Head of the Productivity Commission has just announced his disdain for GDP. He says it “is not a great measure of anything useful” and blames the profit-oriented shareholder model for our society’s ills. Even though it forms the basis of wealth creation in this nation.

GDP isn’t a measure of anything useful and a focus on profit is wrong? What would they replace them with?

The Reserve Bank is backing him. As for the Climate Change Commission, had it cared about both the environment and economic growth, it would’ve advocated for carbon taxes with the revenues being used to cut other tax rates. But it didn’t. Furthermore, the keynote address at the NZ Association of Economists 2021 Conference by the…

View original post 543 more words

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: