41 Comments

open this up to non-subscroibers Bernard

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May 17Liked by Bernard Hickey

A blunt and very important piece of commentary. Thank you for this Bernard. Frankly, this was depressing to read.

I will be watching tomorrow for the Budget details on funding (or lack of) for social housing.

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The govt doesnt need to issue debt. It should sell its imprest supply bills (parliaments authorisation for the govt to spend) to the RB, in exchange for a credit to its a/c at the RB. As the spending is done both the supply bill value and the treasuries a/c will move to zero in lock step. No need to issue bonds.

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It’s appalling. I had expected Labour to be much, much more courageous. I’m so disappointed and can only hope their tax policy going forward is more progressive. National/Act will do nothing to assist those on lower incomes.

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Mental health crisis I think you will find

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May 17Liked by Bernard Hickey

Thanks. Helpful summary. Is it possible to have an equally informative discussion of the revenue-debt aspect of the argument?

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Sadly, same old, same old.

David Mohring @NZheretic 7:56 pm · 20 Sep 2017

https://twitter.com/NZheretic/status/910412414016831488

"#LeadersDebate The only businesses to have profited under National are real estate agents and builders of leaky properties."

David Mohring @NZheretic 7:50 pm · 22 Sep 2020

https://twitter.com/NZheretic/status/1308312744202919936

"#Leadersdebate Neither party willing to deal with the main problem is the grossly over inflated residential land prices in our main cities."

New Zealand politics is in desperate need of not new political parties but a new rational political movement

https://thekaka.substack.com/p/dawn-chorus-twitter-capitulates/comment/6239652

Along with a transparent public open source updated digital version of the MONIAC (Monetary National Income Analogue Computer) that includes not only economics but also all public infrastructure.

https://www.youtube.com/watch?v=rAZavOcEnLg

https://thekaka.substack.com/p/dawn-chorus-twitter-capitulates/comment/6241568

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While I'm in full agreement with you Bernard, is there any charity that can be extended to Grant Robertson's position/a place where he and the rest of that bunch are not guilty of magical thinking to win the middle?

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Why this thoroughly depressing pieces was the straw that got me over the subscriber line I dont' know - surely I need less of it rather than more! However, here I am.

Echo everyone else. Those charts were interesting as Ireland is almost as bad as us I wondered if part of the difference is European countries and the UK to an extent build apartment blocks which house many more people, whereas Ireland and ourselves tend not to?

I know the scale is very different and we didnt' have the terrible stories to keep people gripped, but having been in the UK when Grenfell Tower burned down, the public response (or lack of) from what I can tell is telling.

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Rachmanism is flourishing in NZ unfortunately just to compound the housing shortage.

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May 17Liked by Bernard Hickey

I doubt that it's magical thinking because imo its not thinking at all - the appropriate word is 'bullshitting". Grant has, like ruling souls all over the world, learnt to chant words from The Sneaky Little Book of NeoLiberalism/Finance Capitalism/RentierCapitalism - take your pick. He is not saying anything. Could you perhaps Bernard, challenge him on that?

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Leilani Farha, UN Human Rights Council Special Rapporteur on a visit to NZ: Among the report's recommendations were that New Zealand recognise the right to adequate housing as an enforceable right in law; develop and implement a comprehensive human rights-based housing strategy; ensure there was a complete prohibition of any evictions that might result in homelessness; and reduce housing speculation by adopting a capital gains tax and limiting debt-to-income mortgage ratios. She was reporting to the 47th session in June/July 2021, so nearly 2 years ago. I didn't read it as reducing the funding of Kianga Ora, nor placing otherwise homeless people in multi-storey fire traps.

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The only party which is not guilty of the magical thinking as you have been shouting from the roof topsis the Green Party. That is where my vote is going. We need a strong tail to wag the major party dogs.

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Hipkins and Robertson and their ministers are simply incompetent. They have wasted so much money that we can’t fund health, education, and building projects to the level required . The jobs they have created are mostly for government servants and wasted millions on consultants. They have created bureaucracy with more consents in the rural sector which is just stifling growth . They have allowed overseas corporations to plant trees in the wrong areas to claim carbon credits which according to the greens and labour is going to save the planet. We export our best young people to Australia where the opportunities certainly look better and then they give us back the 501s so that they can build up the NZ gang base , what a deal !!!. The Racial division in this country is the worst that I can remember, the push by the Maori party and Labour to install co-governance and have 50% control over water assets and anything else they can get their hands on is appalling.

We need to have business type people running the country to create wealth which can then be used appropriately to create better outcomes for all New Zealanders. I know this is a negative bit of writing but nearly 6 years of incompetence has created a mess.

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May 17·edited May 17Liked by Bernard Hickey

One of the (safe) residents of LL was a cousin of mine. For various reasons, he is not compatible with our current 'market' society. He's not young, and he's not a criminal. But he has spent his life in a struggle to hold down a regular job for more than a few months, or to find patient and understanding private landlords. He's a human, with needs that simply diverge from what, for now, we consider conventional.

My cousin has been moved to a (possibly temporary) place to live, which he describes as "a castle". And it likely is, compared to the windowless-shitholes that many like him lived in at LL, and in hundreds of other, socially invisible, places like it around our country.

I actually see little shoots of hope, in the evolution of my own thinking, and that of people around me, and in the response that rallied around people who, not so long ago, might have been described as the 'dregs of society'. But, politically, we clearly still have a long way to go before we see 'people' in these organic forms.

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May 17·edited May 17

Thank's for this Bernard, also great questions to Grant Robertson. This is such a devastating and senseless situation.

The building of new (for purpose) homes is something I've been exploring a little recently. I've been looking for alternatives and have recently stumbled upon We Can Make in Bristol. https://wecanmake.org/ and video about them https://www.youtube.com/watch?v=UZdGnM8BdRw

I've also been chatting to my brother (a carpenter) about the problems with the professionalisation of home building. He believes that people have been disempowered from building their own homes, rather than being up-skilled and supported to do it safely. An example; our parents built a kit house in the 80s. They were in their early 20s with a toddler in tow and they had with zero building experience. We don't even have the cultural imagination to build our own anymore, everyone is too intimidated by the process. (And yes, the house our folks built is still standing).

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