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Holey Pastas rant on Neoliberalism!


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So what?  You're obsessed with bagging Key.  Focus on the here and now! Fortress NZ was first described and planned by Professor Michael Baker et al in 2018!!!  Cindy bought it hook line and sink

Since the neo liberal mandate begun in the 80's with Reagan,Thatcher and Douglas here in NZ, the world has been enthralled with financial chicanery at the expense of real productivity. By offshor

What prejudices?  You are the one that starting posting political cliches left, centre and right! QE isn't a medicine.  In my opinion it is a very flawed monetary tool. FFS getting back to r

1 minute ago, holy ravioli said:

The rich have indeed got richer.

There has been some good done for the average worker...min wage increases,rental standards but generally Labour are much like the Natz...scared to do anything radical and frighten the middle class and get kicked out.

I go along with the descriptor of Ardern as 'Tony Blair in high heels'...not a great fan at all.

So your solution is?  I'm guessing more Government regulation and intervention.

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2 minutes ago, Chief Stipe said:

All policies that this Socialist Government introduced with gay abandon.

BTW I don't disagree that QE has been a very foolish intervention bought to us by a Labour Government.

It may have passed you by...but when even the Taxpayers Association apply for Govt handouts you can be assured 'we are all Socialists...now'.

Q.E is the common medicine utilised by most western countries...including right wing Govts in the U.K and Australia.

You need to take your prejudices out and be objective.

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3 minutes ago, Chief Stipe said:

So there isn't a housing crisis just an availability and affordability one?

That is a generalisation that actually doesnt hold up to scrutiny.

You just defined a crisis!

Scrutiny...?the historical average was the cost of an average house was around 3-4 average annual earnings.

It is now categorised as 'average household income and currently 9-10 times,albeit that figure is 2 incomes!

 

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3 minutes ago, holy ravioli said:

Q.E is the common medicine utilised by most western countries...including right wing Govts in the U.K and Australia.

You need to take your prejudices out and be objective

What prejudices?  You are the one that starting posting political cliches left, centre and right!

QE isn't a medicine.  In my opinion it is a very flawed monetary tool.

FFS getting back to racing it has given us three very unproductive and costly AWT's!

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4 minutes ago, Chief Stipe said:

So your solution is?  I'm guessing more Government regulation and intervention.

Tell me about the benefits of de regulation and point me to where free markets operate.(if you can).

Solutions revolve around capital gains(as nearly every country has)and disincentivising property as an investment class.Houses are for people to live in.

The FIRE sector is ascendent and a parasitic in its societal ramifications.

 

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1 minute ago, Chief Stipe said:

What prejudices?  You are the one that starting posting political cliches left, centre and right!

QE isn't a medicine.  In my opinion it is a very flawed monetary tool.

FFS getting back to racing it has given us three very unproductive and costly AWT's!

I have tried to use my own words...what political cliches have you noticed?

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3 minutes ago, holy ravioli said:

You just defined a crisis!

No you said there were more empty homes than there were individuals looking.  That is not a crisis of supply but one of availability.

That said Government regulation and intervention has restricted supply and distorted the market.

This Government has made house inflation worse by entering the market with their QE printed dollars.  This has happened at Central and local government levels.

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3 minutes ago, holy ravioli said:

Tell me about the benefits of de regulation and point me to where free markets operate.(if you can).

Solutions revolve around capital gains(as nearly every country has)and disincentivising property as an investment class.Houses are for people to live in.

The FIRE sector is ascendent and a parasitic in its societal ramifications.

 

Nonsense.

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Just now, holy ravioli said:

TBH...farming is not my forte,but common sense would suggest that allowing widespread infections would have an extremely negative outcome .

Not when the disease is manageable from a productivity perspective and prevalent in all our major trading partners and competitors. 

You could compare it to the fools errand of fortress NZ and eliminating Covid-19.  $120b debt and growing on that futile exercise.

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1 minute ago, Chief Stipe said:

No you said there were more empty homes than there were individuals looking.  That is not a crisis of supply but one of availability.

That said Government regulation and intervention has restricted supply and distorted the market.

This Government has made house inflation worse by entering the market with their QE printed dollars.  This has happened at Central and local government levels.

If you want to split hairs...the empty houses situation occurs in Vancouver.

Their remedy ,which is having an effect is a levy  originally 1% ,now I understand 2% on properties empty for 6 months or more.

When you import over 300,000 workers  annually aside from an extra million immigrants in the new millenium,that affects availability too.

I am amazed that we have to import filipino farm workers.Something majorly wrong there!

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2 minutes ago, Chief Stipe said:

Not when the disease is manageable from a productivity perspective and prevalent in all our major trading partners and competitors. 

You could compare it to the fools errand of fortress NZ and eliminating Covid-19.  $120b debt and growing on that futile exercise.

Wonder why farmers welcomed it then.

You in favour of the U.K opening up strategy...the economy is more important than lives!

Hows that working out for them?

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2 minutes ago, holy ravioli said:

When you import over 300,000 workers  annually aside from an extra million immigrants in the new millenium,that affects availability too.

I am amazed that we have to import filipino farm workers.Something majorly wrong there!

Because New Zealanders don't want to work for low wages in adverse conditions which Filipinos view as luxurious conditions.

New Zealanders would rather get paid $40k a year to attend 12 committee meetings and go to the races.

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2 minutes ago, holy ravioli said:

Wonder why farmers welcomed it then.

It was by no means universal agreement.

3 minutes ago, holy ravioli said:

You in favour of the U.K opening up strategy...the economy is more important than lives!

I'd prefer the targeted strategy that Sweden engaged which was per the globally agreed pandemic management strategies prior to Covid-19.  That is just like ours was before Ardern lost her head and listened to the modelling idiots.

You contradict yourself so readily.  A poor economy leads to poor health outcomes.  Many many countries in the world are evidence of that.

NZ printed $120b in debt to fund consumption when $10b could have fixed our health system and provided 100's more ICU beds.  The lack of the latter being the primary bottleneck in our health system prior to Covid-19.

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13 minutes ago, Chief Stipe said:

Because New Zealanders don't want to work for low wages in adverse conditions which Filipinos view as luxurious conditions.

New Zealanders would rather get paid $40k a year to attend 12 committee meetings and go to the races.

Is that a sustainable business model?

Maybe higher wages would help!

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9 minutes ago, Chief Stipe said:

It was by no means universal agreement.

I'd prefer the targeted strategy that Sweden engaged which was per the globally agreed pandemic management strategies prior to Covid-19.  That is just like ours was before Ardern lost her head and listened to the modelling idiots.

You contradict yourself so readily.  A poor economy leads to poor health outcomes.  Many many countries in the world are evidence of that.

NZ printed $120b in debt to fund consumption when $10b could have fixed our health system and provided 100's more ICU beds.  The lack of the latter being the primary bottleneck in our health system prior to Covid-19.

Doubt I'm contradicting myself.

FYI...Cuba which has been subjected to crippling sanctions for over 50 years has a very modest economy.

It does however have one of the best health systems/stats in the world.

120Billion is an exaggeration,as is the term 'printed'.

The Key Govt borrowed 80 billion because of the Christchurch earthquake and the GFC.

That credit has to be repayed with interest to the ex Key cronies on Wall St.

I know which remedy I prefer.

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13 minutes ago, holy ravioli said:

120Billion is an exaggeration,as is the term 'printed'.

It's not an exaggeration.  The amount is fact.

How else you describe QE?  The purchase of Government debt bonds by the Reserve Bank with funds they created that have no links to real assets!

Printed albeit virtual!

16 minutes ago, holy ravioli said:

The Key Govt borrowed 80 billion because of the Christchurch earthquake and the GFC.

The debt to GDP ratio was 16% and declining when this Government was elected.  It is now ramping quickly past 44% and spiralling upwards.

What's more this Government has been surreptitiously purchasing private assets with the printed money further fuelling inflation and property prices.  Socialism at its best.

25 minutes ago, holy ravioli said:

That credit has to be repayed with interest to the ex Key cronies on Wall St.

You obviously don't keep up with the state of the Government books as you are well out of date.  Also you are in dream land if you don't think the Government has to repay the money borrowed through QE. 

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1 minute ago, Chief Stipe said:

It's not an exaggeration.  The amount is fact.

How else you describe QE?  The purchase of Government debt bonds by the Reserve Bank with funds they created that have no links to real assets!

Printed albeit virtual!

The debt to GDP ratio was 16% and declining when this Government was elected.  It is now ramping quickly past 44% and spiralling upwards.

What's more this Government has been surreptitiously purchasing private assets with the printed money further fuelling inflation and property prices.  Socialism at its best.

You obviously don't keep up with the state of the Government books as you are well out of date.  Also you are in dream land if you don't think the Government has to repay the money borrowed through QE. 

Still waiting for your definitions of Socialism and Capitalism and free markets.

Btw the Key govt ran straight line deficits .It suspended funds for the Cullen Fund,tried to stymie Kiwibank,halved  contributions to Kiwsaver ,neglected health infrastructure and basically kicked the can down the road regarding the housing crisis.

No surprise to see Honky Tonks turn up as Chair at the ANZ and Simon Powers at Westpac.

For the few at the expense of the..many Natz 101.

As for NZ Govt indebtedness it is modest compared to most OECD countries.

Purchasing private assets supposedly refers to housing developers selling to Govt so what!

Compare that to the privatisation of sovereign  High Country Pastoral leases ,snapped up by Key,Thiel and other priveleged bidders.

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4 minutes ago, holy ravioli said:

As for NZ Govt indebtedness it is modest compared to most OECD countries.

As is NZ's ability to pay and its ability to sustain global shocks.  You watch what happens to inflation when petrol is $3 a litre by Christmas.

As for your illiterate rants about Key.  I suggest you use your energy to tackle the here, now and future instead of wallowing in blaming the past.

Adern has made many promises none of which she has kept.  An absolute failure for the country and economy and now failing on Covid.  Her only tool in her repertoire is to take away freedoms and democracy.

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12 minutes ago, Chief Stipe said:

As is NZ's ability to pay and its ability to sustain global shocks.  You watch what happens to inflation when petrol is $3 a litre by Christmas.

As for your illiterate rants about Key.  I suggest you use your energy to tackle the here, now and future instead of wallowing in blaming the past.

Adern has made many promises none of which she has kept.  An absolute failure for the country and economy and now failing on Covid.  Her only tool in her repertoire is to take away freedoms and democracy.

Take some of your own advice.

Key popped up with the handbook 'hermit kingdom' line the other day.

Ex forex gambler and a one man wrecking ball for NZ.

Global shocks are global are they not!

NZ is as well placed as any country,better even.

Told you,I'm no fan of Ardern.

 

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23 minutes ago, holy ravioli said:

Key popped up with the handbook 'hermit kingdom' line the other day.

So what?  You're obsessed with bagging Key.  Focus on the here and now!

Fortress NZ was first described and planned by Professor Michael Baker et al in 2018!!!  Cindy bought it hook line and sinker!

26 minutes ago, holy ravioli said:

Ex forex gambler and a one man wrecking ball for NZ.

Wrecked nothing certainly by comparison to this current mob.

28 minutes ago, holy ravioli said:

NZ is as well placed as any country,better even.

Bollocks.  Serious headwinds headed our way

28 minutes ago, holy ravioli said:

Told you,I'm no fan of Ardern.

Shit gets worse - don't tell me you support the Maori Party?!

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8 minutes ago, Chief Stipe said:

So what?  You're obsessed with bagging Key.  Focus on the here and now!

Fortress NZ was first described and planned by Professor Michael Baker et al in 2018!!!  Cindy bought it hook line and sinker!

Wrecked nothing certainly by comparison to this current mob.

Bollocks.  Serious headwinds headed our way

Shit gets worse - don't tell me you support the Maori Party?!

Relevence citation needed-'Fortress NZ was first described and planned by Professor Michael Baker et al in 2018!!!  Cindy bought it hook line and sinker!'

Don't tell me you support ACT!

'bollocks.  Serious headwinds headed our way'....not just our way...the foundations were laid with your adorable neo liberalism...'put'.

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21 minutes ago, holy ravioli said:

Relevence citation needed-'Fortress NZ was first described and planned by Professor Michael Baker et al in 2018!!!  Cindy bought it hook line and sinker!'

Don't tell me you support ACT!

'bollocks.  Serious headwinds headed our way'....not just our way...the foundations were laid with your adorable neo liberalism...'put'.

You are starting to sound more and more like an academic.  Cindy needs you!.

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