May 02, 2024

New Zealand's Wrecked Economy and Destroyed Lives

That's right, New Zealand handled things very poorly. 

https://www.downtoearth.kiwi/post/beware-political-propaganda-the-unfolding-economics-health-statistics-are-pointing-to-grant-rober

NZ now ranks as one of the slowest growing economies in the world, unemployment is rising and inflation has been galloping away for years now, over half of which is home-grown - not from external factors. The country is bogged down in a debt spiral due to on-going structural deficits which have led the new Coalition to cut back on spending, threatening the development of infrastructure, as well as the strength of our health and education systems.

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...now we have more deaths per million than the average of those 26 Oceania countries.

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It's not at all clear where the truth lies - in the fullness of time, it may well turn out that our Covid response was an unmitigated disaster for the country, in terms on both health and economic outcomes. What concerns me the most is that somehow out of that response NZ lost its mojo to the extent that a galaxy of the most talented young Kiwis now want to flee abroad.

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