Those who thought the Coalition would tear itself apart through division and infighting were mistaken. The government is united in its strategy to divide the public and redistribute wealth upwards.
A comprehensive analysis, ngā mihi. For a fleeting moment in the middle of Covid we had a team of 5 million willing to do the right thing. It gives me a small hope that this ‘goodness’ can prosper and change the course of Aotearoa, but there may be some messy steps on that journey.
"The finance sector was the second biggest contributor to ACT".
The finance sector internationally is starved of collateral in the form of unencumbered (by existing collateral obligations) assets upon which new loans can be secured, Without new loans, the sector is facing a 'debt-deflation' crisis. For example, the inflation adjusted value of private debt in NZ fell 2% over the last year, !% over the previous, though of course this is an international crisis- to whit ACT, Seymour & the New Zealand Initiative are part of an international movement - the Atlas Nerwork.
Causing a crisis by doubling-down on the government-shrinking, tax-cutting Neolib formula without the capacity or will of the private sector to fill the gap by credit expansion is neither an accident or a by-product. It's intended purpose is on one hand to create the conditions for a fire-sale of Crown assets and services to fill the collateral gap. The resulting public immiseration can be deflected by an overbearing populist platform of racism, anti-wokery, misogyny, anti-environmentalism etc. to steer public opinion towards Fascism as an inoculation against the emergence of socialist alternatives.
"Pākehā elites must convince white working class people that they have more in common with wealthy white people than they do with Māori workers"
True, but by the same Logic, Maori elites- the executive class of of Iwi Incorporations, the John Tamihere business types- must convince working class Maori that they have more in common with a Maori political and business elite than they do with the Pakeha working class. To date they are not convinced. That is why, of the 18% that identify as Maori, TPM can only muster 3%, the bulk of the remaining 15% going to Labour. One has to wonder which of these is the 'least worst' scenario. Labour is now in the unenviable position of having as one of it's bedfellows a party that may, by association, lose it more seats that it might itself add to a future coalition.
I've always had something of an aversion to the Greens as too 'politically diverse', but having seen Chloe Swarbrick speak on Bernard Hickey's Substack recently, I'm feeling that the Greens can be a strong positive driving force in a future coalition. I still consider Labour itself to be of dubious electability and utility unless it has a large and rapid shift of policy and attitude.
Yep, no disagreement from me. Great read, nice work Elliot. Neoliberalism masks capitalism’s cruelest ruse too, the illusion that hard work will enable you to reach nirvana. That hard work ideology is built around individualism, which pits the proletariat against each other, while capital takes the cream off the top. In the current game, capital makes the rules and capital always wins. Labour does not understand this. So, you’re right Elliot, we’re waiting for the next big thing to emerge. Please, be soon.
Yep, no disagreement from me. Great read, nice work Elliot. Neoliberalism masks capitalism’s cruelest ruse too, the illusion that hard work will enable you to reach nirvana. That hard work ideology is built around individualism, which pits the proletariat against each other, while capital takes the cream off the top. In the current game, capital makes the rules and capital always wins. Labour does not understand this. So, you’re right Elliot, we’re waiting for the next big thing to emerge. Please, be soon.
Great analysis, here's hoping the left can come together and make this a one term government and consign them to history as a bad period in NZ history.
A comprehensive analysis, ngā mihi. For a fleeting moment in the middle of Covid we had a team of 5 million willing to do the right thing. It gives me a small hope that this ‘goodness’ can prosper and change the course of Aotearoa, but there may be some messy steps on that journey.
"The finance sector was the second biggest contributor to ACT".
The finance sector internationally is starved of collateral in the form of unencumbered (by existing collateral obligations) assets upon which new loans can be secured, Without new loans, the sector is facing a 'debt-deflation' crisis. For example, the inflation adjusted value of private debt in NZ fell 2% over the last year, !% over the previous, though of course this is an international crisis- to whit ACT, Seymour & the New Zealand Initiative are part of an international movement - the Atlas Nerwork.
Causing a crisis by doubling-down on the government-shrinking, tax-cutting Neolib formula without the capacity or will of the private sector to fill the gap by credit expansion is neither an accident or a by-product. It's intended purpose is on one hand to create the conditions for a fire-sale of Crown assets and services to fill the collateral gap. The resulting public immiseration can be deflected by an overbearing populist platform of racism, anti-wokery, misogyny, anti-environmentalism etc. to steer public opinion towards Fascism as an inoculation against the emergence of socialist alternatives.
"Pākehā elites must convince white working class people that they have more in common with wealthy white people than they do with Māori workers"
True, but by the same Logic, Maori elites- the executive class of of Iwi Incorporations, the John Tamihere business types- must convince working class Maori that they have more in common with a Maori political and business elite than they do with the Pakeha working class. To date they are not convinced. That is why, of the 18% that identify as Maori, TPM can only muster 3%, the bulk of the remaining 15% going to Labour. One has to wonder which of these is the 'least worst' scenario. Labour is now in the unenviable position of having as one of it's bedfellows a party that may, by association, lose it more seats that it might itself add to a future coalition.
I've always had something of an aversion to the Greens as too 'politically diverse', but having seen Chloe Swarbrick speak on Bernard Hickey's Substack recently, I'm feeling that the Greens can be a strong positive driving force in a future coalition. I still consider Labour itself to be of dubious electability and utility unless it has a large and rapid shift of policy and attitude.
Yep, no disagreement from me. Great read, nice work Elliot. Neoliberalism masks capitalism’s cruelest ruse too, the illusion that hard work will enable you to reach nirvana. That hard work ideology is built around individualism, which pits the proletariat against each other, while capital takes the cream off the top. In the current game, capital makes the rules and capital always wins. Labour does not understand this. So, you’re right Elliot, we’re waiting for the next big thing to emerge. Please, be soon.
Yep, no disagreement from me. Great read, nice work Elliot. Neoliberalism masks capitalism’s cruelest ruse too, the illusion that hard work will enable you to reach nirvana. That hard work ideology is built around individualism, which pits the proletariat against each other, while capital takes the cream off the top. In the current game, capital makes the rules and capital always wins. Labour does not understand this. So, you’re right Elliot, we’re waiting for the next big thing to emerge. Please, be soon.
Great analysis, here's hoping the left can come together and make this a one term government and consign them to history as a bad period in NZ history.
Thank you Elliot, this gave me hope. I'm ready to fight the good fight! We need a rallying cry - Toitu Te Tiritri is a great start...
https://www.wsws.org/en/special/pages/more-rank-and-file.html