The Reserve Bank is “watching” the expansion of private equity in Aotearoa New Zealand in light of alarm bells being run by financial regulators globally. These alarm bells included no less than the European Central Bank and Bank of England over possible risks to financial stability by the rise of private equity, including their lendingContinue reading “Changing face of capitalism: private equity threat to New Zealand economy”
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New Zealand’s shameful modern slavery shutdown
Slaves had existed in both ancient Greece and the Roman Empire. However, the word ‘slavery’ has a subsequent Latin origin, ‘sclava’, meaning “Slavonic captive in reference to the 9th-century slavery of Slavonic people. Over time it came to mean anyone in captivity, not just Slavs (nor for that matter, those in Greece or the RomanContinue reading “New Zealand’s shameful modern slavery shutdown”
Fast-tracking wealth accumulation and the ‘war on nature’
The Fast-Track Approvals Bill currently before Parliament is up there with the most controversial decisions of the National-ACT-New Zealand First coalition government. This coalition, elected a year ago, is one of the most right-wing governments Aotearoa New Zealand has ever had. One has to go back to the National government elected in 1990 to findContinue reading “Fast-tracking wealth accumulation and the ‘war on nature’”
Why Socialism (why not New Zealand)
When people think of the German born Albert Einstein (1879–1955) usually this would be as the theoretical physicist who is widely held as one of the most influential scientists in the world. They would think of him being best known for developing the theory of relativity. Some would also be aware of his important contributions toContinue reading “Why Socialism (why not New Zealand)”
Careful what you ask for Labour Party: following UK Labour not smart politics
Labour leader Chris Hipkins is presently in the United Kingdom to learn from the British Labour Party led by new Prime Minister Keir Starmer. Although Leaders of the Opposition are entitled to an annual overseas study trip (Chris Hipkins also went to the UK last year), this one has attracted more than usual media interest,Continue reading “Careful what you ask for Labour Party: following UK Labour not smart politics”
An email that almost says it all
The term ‘social wage’ was once used a lot in public discourse in Aotearoa New Zealand but much less so in recent years. Whereas ‘wage’ is what employers pay employees for their labour, ‘social wage’ usually means public expenditure on health, education, housing and social welfare. Without expressly using the term, public interest business journalistContinue reading “An email that almost says it all”
Towards an economy based on provision of human needs
A critical feature in Karl Marx’s theoretical construct of political economy provides a valuable insight on how economies in countries such as Aotearoa New Zealand, function and how they might function better in order to achieve the well-being of their peoples. This construct begins with the statement that any product begins first with both aContinue reading “Towards an economy based on provision of human needs”
What’s behind cruelty to animals
When the political left uses a class analysis to consider the nature of capitalism in its various forms, it usually sees it as being based on the relationship between labour and capital with the latter controlling and benefiting from the surplus value of the former. At its core this class analysis characterises capitalism as beingContinue reading “What’s behind cruelty to animals”
Structured literacy – how rigidity flows from ideology
On 18 June an earlier Political Bytes post discussed the ideological framework in which the government has required schools to restrict their teaching of literacy to what is called ‘structured literacy’ (ie, exclusively phonics): Hegemony, meaning and structured literacy. Hegemony: how the rulers rule the ruled I used hegemony in the context of when thoseContinue reading “Structured literacy – how rigidity flows from ideology”
Keith Locke: Hard on issues; soft on people
One of the outstanding union leaders of the late 20th and early 21st centuries made many wise observations. The one that registered with me the most was the importance of being ‘hard on the issues but soft on the people’. That person was Peter Conway. He was active in private sector unionism for many yearsContinue reading “Keith Locke: Hard on issues; soft on people”
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