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Has the Australian Labor Party (ALP) lost the plot? The evidence suggests as much after the governing party’s fifth successful leadership coup in 10 years returned Kevin Rudd to the office of Prime Minister on Wednesday. Read more
It is one of those ideas that come up again and again without ever being properly scrutinised – that a sovereign wealth fund (SWF) like Norway’s is a fantastic idea that deserves to be copied elsewhere, even in New Zealand. Last week, the National Business Review reported that Methanex New Zealand chief executive Harvey Weake is making the case for a Norwegian-style SWF. Read more
When the opposition released its report on Monday into the inquiry of the so-called manufacturing crisis, it was hard not to be underwhelmed. Manufacturing: The New Consensus argues that New Zealand manufacturing is in a parlous state and that several key government interventions are required to help the sector. Read more
Privatisation provides an interesting case study for free-marketeers. Almost everyone is opposed to the notion, yet those same people often buy the stock. Read more
When the financial crisis started about six years ago, the global policy response was a mixture of monetary and fiscal stimulus. Governments increased spending and hoped for multiplier effects. Read more
It is a difficult time for social democrats. Since the fall of the Berlin Wall and liberalisation programmes here and abroad, old school socialists and social democrats have struggled to come to terms with the changing tides of time. Read more
Budget 2013 confirms the government's determination to achieve fiscal surpluses by 2014/15 by stopping the growth in government spending. Adjusted for inflation and population growth, projected government spending in 2014/15 will be 6% lower than in 2008/9, the year in which John Key's government took office. Read more
Early this week, the government announced a rather distasteful plan. In return for giving regulatory favours to the Sky City Casino in the form of more favourable gambling regulations, the casino will build a massive conference centre. Read more
Standing atop Mount Victoria last Sunday, looking over Wellington basked in glorious sunshine, I was quietly confirming to myself that I really wouldn’t want to be anywhere else. Not in Germany where I grew up. Read more
The economics of the opposition’s plan to introduce a single-buyer model for wholesale electricity is highly dubious, as I explain in my column in The National Business Review today. But that’s not the only questionable thing about it. Read more