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Thread: New Zealand Change Government.

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    Politics.ie Newbie CountyWarrior's Avatar
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    Wink New Zealand Change Government.

    After three years consecutive term in office of the present and first female respected prime minister reign Helen Clar finally come to an end, Having voted for a new prime minister John Key, well it seems the world is changing so the new zealanders follows aswell.

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    Politics.ie Member Pauli's Avatar
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    Quote Originally Posted by CountyWarrior View Post
    After three years consecutive term in office of the present and first female respected prime minister reign Helen Clar finally come to an end, Having voted for a new prime minister John Key, well it seems the world is changing so the new zealanders follows aswell.
    New Zealand was one of the first countries to realise that neo-liberal economics is rubbish and ditched it in 1996, long before everybody else woke up, rather abruptly, 2 months ago to the fact that it's bollox. So far from following anybody, they seem to be going in another direction. I very much doubt they would return to a proven failure of an economic dogma. So it might be worth having a look at where they are going. We might learn something
    Fianna Fail - The Loss of Sovereignty Party.

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    Politics.ie Member Bobert's Avatar
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    A black US president, a tory British Government, a possibly FG-Labour government here and now New Zealand?... lads, 2009 could be massive!
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - Niccolò Machiavelli

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    Politics.ie Member 20000miles's Avatar
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    Quote Originally Posted by Pauli View Post
    New Zealand was one of the first countries to realise that neo-liberal economics is rubbish and ditched it in 1996, long before everybody else woke up, rather abruptly, 2 months ago to the fact that it's bollox. So far from following anybody, they seem to be going in another direction. I very much doubt they would return to a proven failure of an economic dogma. So it might be worth having a look at where they are going. We might learn something
    They're turing centre-right, whereas the US are turning left. The change isn't the same.

    But as for economics, the trend for the past 30 years was an embrace of monetarism. Now we seem to be embracing Keynesianism again (another proven failure), and in some countries socialist economics.

    Alas, until we realise that freedom is good, governments distort markets, and central banks cause boom/bust cycles, Austrian economics will never see the light of day - and we will never have free markets.

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    Politics.ie Member Pauli's Avatar
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    Quote Originally Posted by 20000miles View Post
    They're turing centre-right, whereas the US are turning left. The change isn't the same.

    But as for economics, the trend for the past 30 years was an embrace of monetarism. Now we seem to be embracing Keynesianism again (another proven failure), and in some countries socialist economics.

    Alas, until we realise that freedom is good, governments distort markets, and central banks cause boom/bust cycles, Austrian economics will never see the light of day - and we will never have free markets.
    I agree. They see to be turning centre-right. But having suffered the horrors of neo-liberalism, they won't go back to it. It was one of the reasons Clark was re-elected twice. Which is why I said it might be worth looking at which direction they take.
    Fianna Fail - The Loss of Sovereignty Party.

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    Quote Originally Posted by 20000miles View Post
    They're turing centre-right, whereas the US are turning left. The change isn't the same.

    But as for economics, the trend for the past 30 years was an embrace of monetarism. Now we seem to be embracing Keynesianism again (another proven failure), and in some countries socialist economics.

    Alas, until we realise that freedom is good, governments distort markets, and central banks cause boom/bust cycles, Austrian economics will never see the light of day - and we will never have free markets.

    Boom/bust is inevitable with Capitalism - as Marx pointed out.

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    Politics.ie Member Bobert's Avatar
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    Quote Originally Posted by 20000miles View Post
    They're turing centre-right, whereas the US are turning left. The change isn't the same.

    But as for economics, the trend for the past 30 years was an embrace of monetarism. Now we seem to be embracing Keynesianism again (another proven failure), and in some countries socialist economics.

    Alas, until we realise that freedom is good, governments distort markets, and central banks cause boom/bust cycles, Austrian economics will never see the light of day - and we will never have free markets.
    Sorry? Proven in what case?
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - Niccolò Machiavelli

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    Quote Originally Posted by Pauli View Post
    New Zealand was one of the first countries to realise that neo-liberal economics is rubbish and ditched it in 1996, long before everybody else woke up, rather abruptly, 2 months ago to the fact that it's bollox. So far from following anybody, they seem to be going in another direction. I very much doubt they would return to a proven failure of an economic dogma. So it might be worth having a look at where they are going. We might learn something
    The arse fell out of the New Zealand economy because the British joined the EEC and they bankrupted themselves subsidising agriculture, nothing to do with any kind of right wing economics. As a matter of fact they have one of the most liberal economies in the world.

    They tried keynesianism in the 1980s ironically with the national party, buildinf white elephants everywhere on the tax payers shilling and it only sank the country into debt.

    The Labour party there is as left wing as Bachelet or Blair, not exactly revolutionaries or Leninists like you
    Liquidate labour, liquidate stocks, liquidate the farmers, liquidate real estate.

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    Politics.ie Member 20000miles's Avatar
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    Quote Originally Posted by joel View Post
    Boom/bust is inevitable with Capitalism - as Marx pointed out.
    And as Mises pointed out, booms and busts cannot occur without enormous credit expansion. Like it or not, it just can't happen in a free market.

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    The NZ government changed for reasons consistent with my own personal worldview and with reference to pet prejudices in contested economic theories which I have decided to cling to with a fierce desperation...as if my life depended on it....
    Grow spuds and be true to yourself...

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