(Hat-tip SPC)
NZ Asset Sales Policy Began On Wall Street
By Lewis Verduyn
The Key government’s asset sales agenda is derived from the Washington Consensus – a set of Wall Street-driven policies that were pronounced dead after the global financial meltdown in 2008.[1] The New Zealand government, however, remains loyal to this failed ideology.
Why? The obvious link is Prime Minister John Key –a former investment banker for Merrill Lynch, the world’s largest brokerage failure.
In most other countries, state asset sales have become a last resort on the road to poverty and ruin, but for the Key government, asset sales are “business as usual.” [2]
So what’s really behind asset sales?
All wealth extraction is facilitated by international and national economic policies, coupled with the private banking system, which together deliver benefits to the financial elite by transferring wealth upward within and between nations.
http://www.scoop.co.nz/stories/PO1201/S00050/nz-asset-sales-policy-began-on-wall-street.htm
Wednesday, April 4, 2012
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4 comments:
Oh get over it RG. There is no massive conspiracy going on. Its much simpler than that.
If you want welfare for families, interest free student loans, taxpayer subsidised banking and sundry other liarbour policies, you need to pay for them somehow.
You can't have your house and eat it as well.
Paranormal
You're suggesting we sell part of the house, paranormal? The kitchen? The toilet? Bedroom perhaps - seems short-sighted to me.
I'm not suggesting a conspiracy, just pointing at a phenomenon that I believe to be the one behind the asset sales.
Do you not find it plausible?
You are right RG. In the same position as the country you'd cut your cloth according to your income to make sure you didn't have to sell the house. Seems fairly obvious really.
Paranormal
We agree on something, para!
Cutting the cloth; how much and where will be where we part, I imagine. Let's start by down-grading our needs and greeds. A little restraint here and there, some home-grown solutions to our obsession with stuff would get the ball of reasonable-living, rolling.
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