It is probably only about 14 months until the next election. We have a government that has presided over eight pretty-mediocre years of economic performance – not all of it their fault, as there are global factors at work – with no real idea what they should or could do to reverse New Zealand’s decades of staggering relative economic decline. Often enough, it seems that the current government doesn’t even really care, so long as they can successfully persuade enough of the public that things aren’t too bad, or (worse) that our problems are actually marks of some sort of success.
Of course, our key economic agencies – Treasury, MBIE, and the Productivity Commission – show no real sign of offering the sort of quality advice that takes seriously the specifics of New Zealand’s situation and offers solutions that might make a material difference. I’m not really sure why. For them individually …
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