Tempting as it is to write about the failures and weaknesses of the New Zealand public sector – and there is plenty more grist to the mill, reinforcing Kerry McDonad’s forcefully expressed concerns, even in this morning’s newspaper – or the inadequate performance of the Reserve Bank in conducting monetary policy, as the TWI now sits above 76, I’m going to write today about some longer-term issues.
Of all the issues I write about on this blog, probably the one that concerns me most is New Zealand’s long-term structural economic decline, relative to other advanced countries. That decline has been underway for many decades, and if the rate of decline has slowed there is certainly no sign of the gaps beginning to close. Once upon a time that decline seemed to bother people, but sadly we seem to have got used to it. And perhaps too people are more cynical – they’ve heard…
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Utopia, you are standing in it! 
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