Spy wrote:What would you like to see happen? Manufacturing is in decline all over the Western world - pretty hard to turn that around.morepork wrote:What next? I'm not sure the government has too many other tools in the box. There are only so many tourism and catering degrees you can offer paying foreign students at imitation tertiary institutions. Manufacturing is pretty much dead. It's quite a stark illustration of how exposed we are following 3 decades of mad economic policy. The TPP was the bestest thing EVA. What will be the spin now?
I hope to baby jebus that the upcoming NZ election goes for the longer view before the incumbents get their hands on super funds and remaining public assets. There's a tipping point coming up.
I'd probably put the brakes on selling everything off right now and think about dialing down the outsourcing of raw commodity to overseas. Right now fishing quotas, most of forestry, dairy, meat, and land are totally at the mercy of foreign market whim. Just look at this election result for a start. We've gone from needing a free trade agreement to being resigned to not getting one literally overnight. That's one manic fucking swing. What is plan B? It's the Warren Gatland of economic policy.
Oh yeah, and stop arseing around with the infrastructure budget to look like there is a surplus and using it for tax cuts.