OPINION

If you're going to read the Commerce Commission's market study on supermarkets in New Zealand, I'd suggest starting with the first half of Chapter 6 which explains the difficulties facing any potential new entrant. As far as I'm concerned, evidence on margins and such really don't mean much unless there are substantial restrictions against new entry. Read more

What happens to even the best juggler when ball after ball is added to his load? Sooner or later, collapse is inevitable. Read more

Countries have political rallies, of course. But when they take place in France, with its revolutionary history, they always appear more passionate. Read more

About a year ago, North American friends started looking to New Zealand as an early glimpse of their own potential post-Covid world. They were still stuck in lockdowns; we had emerged from ours. Read more

Two cars pull up to a traffic light. One is a farmer in his trusty ute. Read more

Inflation numbers for the June quarter are out. The Consumer Price Index (CPI) rose by 3.3% in the year to June. Read more

The government allocated $50 billion in Budget 2020 to deal with the pandemic - on top of the $12.1 billion already allocated. We were going to spend what was needed for a strong public health response. Read more

Last week's protests by farmers show it is only a matter of time until the Government's punitive approach on emissions will fail. With each new policy the Government is burning political capital at a faster rate than it is cutting emissions. Read more

Governments and councils have two basic levers for achieving policy objectives. They can spend money on programmes aimed at providing the desired outcome. Read more

When opposition parties produce policy documents, they can be overly simplistic and populist. They can be unrealistic because they do not have to be implemented straight away. Read more

Japan’s post Second World War economic growth was astonishing. Despite widespread devastation, Japan produced an economic miracle. Read more

In my book, governments that do not publish a competent cost-benefit assessment justifying their spending and regulatory proposals do not take community wellbeing seriously.(Only if the wellbeing benefits plausibly exceed the costs is the policy likely to benefit the public.) The absence of such an assessment is now common. It suggests that a measure is being imposed on the public for partisan or elitist, paternalistic reasons. Read more

So, it’s not coming home. 55 years after England’s last international football tournament triumph, the Three Lions are still waiting to beat their trauma. Read more

In 1870, British Prime Minister William Gladstone up-ended Britain’s civil service. Instead of officials being appointed by politicians following changes of government, Gladstone’s reforms introduced a permanent, politically independent public service. Read more

When the government set a binding cap on New Zealand’s net emissions through the Emissions Trading Scheme, it also set a second cap – on prices. The hope was that that second cap would not really be needed, but it looks like it might become relevant rather sooner than anyone expected. Read more