Written By: - Date published: 1:08 pm, September 21st, 2009 - 18 comments
So trucking companies are unwilling to pay for the extra damage that 53 tonne trucks will do. Companies trying to privatise the gains and socialise the losses? Gotta love those capitalists. And there’s Joyce telling us to harden up and cop it. Thank goodness we’ve got the Tories helping private business pocket gains at the taxpayers’ cost. […]
Written By: - Date published: 6:14 am, September 18th, 2009 - 16 comments
The Open Country Cheese dispute is underway. Workers are striking against the bosses’ attempts to casualise their hours and reduce their conditions. They are not striking for huge pay increases, despite the lies of Open Country. Open Country Cheese, part-owned by the notorious Talleys and tied to various National MPs via the Dairy Investment Fund […]
Written By: - Date published: 5:31 am, September 16th, 2009 - 29 comments
The Wall Street financiers crapped out on their sub-prime gambles, inflicting economic devastation on the taxpayers who generously bailed-them out in return. Now, they need a new gamble, a new game in which they bet using other people’s money while skimming off the cream for themselves until it all collapses. The new game? Betting on […]
Written By: - Date published: 2:00 pm, September 11th, 2009 - 7 comments
We’re seeing a new pattern in work relations emerging. The big employers, emboldened by having their party in power and using the recession as an excuse, are attacking workers’ pay and conditions. But this isn’t 1991 redux. The unionised workers of today have joined voluntarily and believe in collective action; the unions are no longer […]
Written By: - Date published: 5:10 am, September 2nd, 2009 - 38 comments
I find the Right’s assumption that the bosses are acting in some greater interest fascinating. There’s this unwillingness to believe that the bosses would be acting in their own interests and that what’s in their interests are often not in the interests of the rest of us. Look at the comments yesterday on the Telecom […]
Written By: - Date published: 11:51 am, July 31st, 2009 - 69 comments
The recent furore about benefit levels has brought a lot of comments along the lines of ” I don’t get it why should they?” out of the woodwork along with a lot of hardluck stories from low wage earners such as this one from Phoenix on Colin Espiner’s blog: I am 6 months pregnant with […]
Written By: - Date published: 8:33 am, June 14th, 2009 - 30 comments
For some weeks our media has been distracted by various sideshows. Worth, Swineflu, Mt Albert, Flight 447 and of course David Bain, have all in turn captured our national psyche… but meanwhile the most pressing political issue, the global fiscal crisis, grinds on with little comment. The crisis response more or less worked. Historians will […]
Written By: - Date published: 2:00 pm, April 24th, 2009 - 38 comments
It seems that Zimbabwe is, after all, a world leader. Mugabe’s government which followed the IMF and World Bank’s neo liberal plan for their economy to the letter, has shown us all how these policies will finish up. The austerity medicine prescribed for Zimbabwe by the world Bank, Included oppressive and harsh debt repayment, and massive […]
Written By: - Date published: 9:09 am, April 13th, 2009 - 36 comments
The capitalist doctrine sure has taken a beating lately. Not only have its raw excesses created a global crash which shows no signs of abating, not only has it been bailed out and propped up everywhere by nationalisation and trillion dollar taxpayer funded handouts, but now it seems that the people are starting to lose […]
Written By: - Date published: 2:21 pm, March 8th, 2009 - 26 comments
Gordon Campbell has been having fun pointing the finger at Treasury in “How Treasury put us on the hook to finance companies“. Essentially the treasury and therefore Bill English appear to have been somewhat idiotic. If a firm stopped taking deposits last September, and was heavily exposed in the current economic climate to a major […]
Written By: - Date published: 12:09 pm, February 17th, 2009 - 21 comments
“We are all socialists now”, or so says the cover of the latest Newsweek. And to be fair, you’ve got to start wondering when the United States is in the process of nationalising the means of exchange and a Tory Prime Minister of New Zealand is looking at effectively buying out a chunk of one […]
Written By: - Date published: 9:19 am, December 27th, 2008 - 11 comments
A couple of good but not quite satisfying articles today. The first is Brian Gaynor’s analysis of the economy in which he lays out where we stand financially as a nation and blames the housing boom for our current account deficit: But the message from both the GDP and current account figures is that New […]
Written By: - Date published: 11:41 pm, December 18th, 2008 - 4 comments
I was listening to some of the old White Stripes when I got home this evening when this song came on. Given the all the talk around the bailout of the Big Three car manufacturers I figured it was kind of appropriate. Enjoy.
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