Hooton is half right

by frog

Matthew Hooton lashes out a Chris Trotter today in the Sunday Star Times. He gets so personal that after I write this, I’ll dig up Trotter’s article from last week and have a read. I don’t know how I missed Trotter being vitriolic!. In the middle of his article, Hooton makes an interesting assertion:

The fact is, the odds are against New Zealand maintaining our status as a first world nation.

This statement is followed by many other prophesies of doom for the business and workers of New Zealand should we fail to follow the National Party’s prescription for “first-world” success.

I am more than willing to concede his points that NZ needs to boost productivity and that our current lifestyle is under threat because of the way we have structured our economy. The fact is, many of the OECD’s top economies are groaning from the bubbles and debt caused by unrestrained deregulation and pseudo free-market ideology. It’s the 1920s all over again. And here Hooton is, exhorting us to follow them straight down the road to perdition.

Some of my right-leaning readers will immediately assume that I am calling for some sort of socialist revolution, because that is the sort of name-calling we all like to engage in. However, like Hooton, I just want a proper dialogue before we rush headlong down the ideological path.

Hooton is right. We are a small, isolated island nation with only one massive multinational to our name. Only one? Is that so bad for a whole country the size of most medium size cities? Do we really want to judge our success solely on the number of multinationals we have? Or on the penis-envy scale of GDP? I think not. Nor do I think we should be rushing headlong into the American economic paradigm, like Hooton and the National Party would like us to do.

He’s right, we should take our cue from nations doing better than us. America, with their free-market obsession, isn’t one of them. Their deficits, their debt, their disregard for human rights and their callous treatment of their own citizens does not provide a good model. There are however, several countries that are closer to NZ in demographic, size and resources, which are doing very well both economically and for the benefit of their citizens. What about the the many small Scandanavian countries that top the OECD? Could we not hatch our own Nokia, like Finland? Could we not top the list in citizen happiness and well being, like Denmark, who still rank highly in economic terms? Could we not guarantee free education, health care and superannuation for our citizens while still hovering in the top, like the Netherlands? All we need is the political will. We certainly have the resources. What I fail to see is any leadership. We are just plain tired of Helen’s vision, and Key is too scared to tell us what his vision is because he knows that we’ll reject it out of hand. If , in fact, he has any vision at all. What a sorry state of affairs!

frog says

Published in Economy, Work, & Welfare | Media by frog on Sun, July 27th, 2008   

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