by Brian Easton
Regrettably, the government’s recent announcements on the public provision for retirement have added to the uncertainty the young face.
The Government’s announced proposal to raise the age of eligibility for New Zealand Superannuation (NZS) is a real botch job. I’ll leave others to write about the political botch; here the focus is on the policy.
This is a follow up ‘Brentry: How New Zealand Coped’, setting out some of the challenges which face New Zealand today.
The strategic view that Britain needs to be in the EU remains universal among New Zealand strategists. However the Leaves did not vote geopolitically but on domestic considerations including, apparently, resentment of immigration and of the unequal gains from trade. New Zealand has little alternative but to accept the direction the Brits are taking, albeit with regret.
This is based on a note that I prepared for a journalist. It is a lead into the next column which is on ‘Brexit: How New Zealand Might Cope’.
New Zealand has an unusual situation in the world economy. Despite being among the affluent economies, its success is vitally dependent upon the export of some primary products (especially dairy and meat products) whose domestic production is brutally protected in many jurisdictions.
Ill fares the land, to hastening ills a prey,
Where wealth accumulates, and men decay:
Princes and lords may flourish, or may fade—
A breath can make them, as a breath has made:
But a bold peasantry, their country’s pride,
When once destroyed, can never be supplied.
The Deserted Village: Oliver Goldsmith
This column follows on from ‘Whence Europe; Whither Europe’.
Less than a year before he died, Tony Judt, paralysed from the neck down by motor neuron disease, gave a much-acclaimed two-hour public lecture. Shortly after he extended it to a book, Ill Fares the Land: A Treatise on Our Present Discontents, setting out his commitment to social democracy.
Although completed a decade ago, Tony Judt’s history of postwar Europe presaged some of the challenges that it faces today.
Shortly after the collapse ot the Berlin Wall in 1989, one of our greatest contemporary historians Tony Judt resolved to write a book to sort his thinking out. It took fifteen years, but the resulting Postwar: A History of Europe Since 1945 is an (almost 900-page) extraordinary achievement.
Big data can be used for good and it can be used for evil. Some recent public research illustrates the former but there are doubts about some private uses.
It is not generally realised that Statistics New Zealand has a large research database – the Integrated Data Infrastructure (IDI) – containing microdata about people and households from a range of government agencies, SNZ surveys including the 2013 Census, and non-governme
Economists and policy analysts have paid insufficient attention to the distributional consequences of change. Hence the rise of the angries.
In order to get to this column’s conclusion I am going to recall a little of my scholarly journey.
Far too much public commentary on wealth inequality obscures what is actually is going on.
This column is a grump about the poor quality of public discourse. It is illustrated by the recent outburst over the distribution of wealth in New Zealand and some rather inept public responses to the recent re-publication of some data, where people with little expertise used the opportunity to pursue their political and ideological goals while displaying, to the expert, their incompetence.