BLOG - Social insecurity
Declines in personal savings and fertility rates in the West are stark indicators that may help explain how economic insecurity fosters phenomena like the rise of Trump and the decline of the EU through Brexit. Both movements are driven largely by the wills of older Americans and Brits facing increasingly uncertain futures—in large part because they had fewer babies and saved less than their forebears.
Where savings and fertility decline, immigration rises to plug the growth gap—a controversial flash-point and common proclamation by demagogues in these debates. But rising immigration—whether it concerns you or not—is just a visible sign of deeper issues.
BLOG - Productive thinking
Everybody wants New Zealand to be a great place to work and live. High wages, high growth, high productivity, low unemployment, affordable smartphones and great weekends. The question is how to get there. Wage rises for most are low and in the order of inflation. Higher productivity is a key driver of the kind of lifestyle we want, but New Zealand’s productivity numbers are poor.
BLOG - "Trust me" - politics can be better
A survey commissioned by Victoria University’s Institute for Governance and Policy Studies (IGPS), titled “Who Do We Trust” found that only 8% of us hold complete trust in Members of Parliament (MPs). In comparison, medical practitioners and the police hold the complete trust of 56% and 53% of New Zealanders respectively.
BLOG - No Bregrets
As the market dived and the pound sterling plummeted to a thirty-year lows following Brexit, deep despair and outrage reigned. Economists sung “I told you so” in chorus. Markets hate uncertainty, and given the circumstances, the economic shockwaves are likely to ripple for a few years (at least).