I have infinite, seething resentment for the way Aotearoa's economy has degenerated under the coalition govt. Inflation kind of sucked, yes, but you don't treat an anaemic patient with bloodletting.
One of my main clients gave the down tools signal last month (we'd already pared back most work streams). And I just had a conversation with the owner of a critical technology vendor ahead of a proposal submission for capital investment...he's about to put his entire staff on furlough.
[#]nzpol
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@phil_stevens
A Max Rashbrooke editorial, from last weekend, made the following observation, that I feel could apply world-wide, and apply to so many political choices of the last 2-3 years 😔
If only more had understood this before casting the electoral votes…
… Pandemic-era spending was never a major contributor to inflation. A 2023 report showed CORPORATE PROFITS were responsible for more than half the post-pandemic spike. This chimes with global research, blaming factors largely outside governments’ control, in particular corporate profit margins, but also supply chains and oil price increases.
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@AdminKirsty The worst part about it is that the "she'll be right" crowd have a cushion to weather a couple of years of recession. Lots of them own rental property.
Meanwhile, everyone who was already doing it tough has now had the rug pulled out from under them, and the ladder kicked away.
All of this because of a simplistic, demonstrably false narrative about how public finance actually works. Austerity kills.
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@phil_stevens all cool and normal. Nothing to see here.
I guess it will be very industry dependant too - supposedly the dairy industry is looking at boom times. Feels like all can change overnight, which is fantastic for long term planning. /s
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@Powareverb @phil_stevens it really will change overnight for the dairy farmers. Bio reactor milk is just round the corner. Once that kicks in, no one will want our milk powder. Okay maybe some organically produced free range milk will hold on but this will be niche. China can make their own bio reactors at least as easily as we can.
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@rogerparkinson @Powareverb This has become the elephant that no one in the primary sector will talk about. We'll just keep repeating the guff about how innovative our farmers are.
When they see how easy it is for industrial vats to feed the infant formula and junk food ingredient supply chains, they're going to freak.
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@phil_stevens
it’s almost like right of centre governments are shit caretakers of the economy
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@Aphrodite They sure do like to talk like they've got game.
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@phil_stevens
kia ora.
A lesson I learned the hard way:
I helped run an org for a decade. A lot of people talked. Very few listened.
I was a listener. I took time to craft my thoughts. And when I spoke, even the loudest of loud voices were silent because they knew that I only spoke when I had something to say.
Problem with my approach is that it’s hard to be heard by voices with megaphones when you speak in a near whisper.
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@Aphrodite The deliberative process of crafting one's own response is a superpower. I'm glad that others around you have acknowledged it. It's also a lesson that I've been trying to learn and apply, not always successfully.
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