Kerr on Jobs Summit

March 11th, 2009 at 11:00 am by David Farrar

Roger Kerr writes about the summit:

In the lead-up to the Summit there were some predictable outbursts.

Veteran anti-globalisation campaigner Jane Kelsey hyperventilated. She saw the Summit as “a Trojan horse for the business sector” and likened it to the 1984 economic summit which was apparently “a carefully orchestrated piece of pageantry chaired by Ron Trotter” (actually David Lange – academics should get their facts right).

Professor Kelsey should calm down and watch Slumdog Millionaire. It is a rags to riches story of entrepreneurship in the new India, the product of sweeping moves to cut taxes, liberalise trade and deregulate business.

India needs to go further to lift up more of its poor, and it is unlikely to abandon globalisation any time soon.

Developing countries are arguably the biggest winners from globalisation – it allows them to sell their goods and services for a fair price.

And interestingly, even though the election only four months ago was largely about economic directions, no one argued that the government was heading in the wrong direction with its economic policies.

Opinion polls also suggest a majority of the public supports its return to more conventional and less interventionist economic policies.

There were no calls for more fiscal stimulus. Participants seemingly understood that the existing stimulus is large and that any further boost could put our credit rating at risk. This would raise the cost of borrowing for all New Zealand firms and households.

That’s an interesting observation. I certainly agree that the level of fiscal stimulus is about as large as we can manage, without dooming future generations to huge interest costs on public debt.

Politically, the Summit can be seen as an extension of the government’s moves to have a relationship with the Maori Party and a dialogue with the Greens, and many other inclusive initiatives.

This is a far cry from the tribal ‘We won, you lost. Eat that!’ style of government of recent years and augurs well for a better consensus on national directions.

Very different.

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16 Responses to “Kerr on Jobs Summit”

  1. Redbaiter (13,197 comments) says:

    “Politically, the Summit can be seen as an extension of the government’s moves to have a relationship with the Maori Party and a dialogue with the Greens, and many other inclusive initiatives.”

    Most of the stuff is excellent, but I’m amazed Roger Kerr would write such nonsense as the above sentence.

    “inclusive”

    “dialogue”

    Pffft,

    Words commonly used by simpering politically correct charlatans.

    No real jobs will be created by any “dialogue” or “relationship” with the Greens or the Maori party. In fact, there would be many more jobs available if these groups, possessed of a mindset so destructive to our prosperity, were out of parliament altogether.

    Excluding them would be much more helpful.

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  2. jacob van hartog (300 comments) says:

    Roger “herbert Hoover’ Kerr is about as wrong as you can get.

    Slumdog millionaire is a movie, and a hybrid Holly-Bolly wood so is as unreal as it gets. yes the kids did get to go back to the slums

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  3. Danyl Mclauchlan (1,069 comments) says:

    Professor Kelsey should calm down and watch Slumdog Millionaire. It is a rags to riches story of entrepreneurship in the new India, the product of sweeping moves to cut taxes, liberalise trade and deregulate business.

    Errr . . . maybe there are two movies called Slumdog Millionaire?

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  4. Fairfacts Media (372 comments) says:

    I see John Key has won more support for his Wall Street Journal comments from Australia.

    John Howard has expressed similar sentiments to Britain’s Daily Telegraph and an Australian economics professor says Australia should follow Key not Obama.

    There’s more detail over at Barnsley Bill.

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  5. Kimble (4,440 comments) says:

    Has the 9-day fortnight been released as policy?

    That will go down as this governments first really big mistake.

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  6. unaha-closp (1,165 comments) says:

    Roger “herbert Hoover’ Kerr is about as wrong as you can get.

    200 million Indians raised out of poverty thanks to increased globalisation.

    Slumdog millionaire is a movie, and a hybrid Holly-Bolly wood so is as unreal as it gets. yes the kids did get to go back to the slums

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  7. getstaffed (9,186 comments) says:

    yes the kids did get to go back to the slums

    Slums which are slowly but surely being dismantled as a result of capital and entrepreneurialism.

    Meantime we’re building slums here in NZ as a result of low productivity, socialism and entitlement syndrome.

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  8. lyndon (325 comments) says:

    Meantime we’re building slums

    I believe the kind of slums India has tend to build themselves.

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  9. emmess (1,428 comments) says:

    Jane Kelsey
    I remember that stupid bitch (can I say bitch here?) was a guest lecturer when I was at Uni in about 94
    She was teaching the Marxist Dependency Theory. She thought that the countries of Eastern Europe would go back to being third world because they had thrown off commuinism.
    15 years later following free market policies and despite the current problems, some of them are now richer than New Zealand.

    [DPF: I prefer that term is not used]

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  10. LC (162 comments) says:

    One day a fortnight for training – (well 5 hours only will be paid). Who determines the appropriate training? Who monitors results? Who administers the system, and how?

    What a waste.

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  11. PhilBest (5,121 comments) says:

    Well said, emmess. I am glad DPF did not hit you with demerits.

    Apologists for Communism are just the lowest kind of scum. We let this rot spread through our institutions only at our long term peril. Rush Limbaugh was absolutely right in his recent rant. It is time for conservatives and “good men” to stop “doing nothing” and letting evil triumph and being nice gentlemen, in the expectation that the Left will reciprocate when they are in power. If “we”; the good men, get one last chance, we should turn the power of the behemoth, big government, that the left have created, against them. We should politicise the spending just as they have, and reinstate the ideals of freedom and conservativism back into their rightful place through appointments of their supporters to every position that counts, and removing leftists from those positions.

    Socialism has advanced only with the aid of round the clock infiltration of institutions and increasing capture of taxpayers money for ideological purposes; Conservatism and freedom have survived thus far almost purely as ideas, in spite of virtually all the resources being solely directed to the cause of the other side. Rush says, turn this process around 180 degrees, and “liberalism won’t know what hit it”.

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  12. PhilBest (5,121 comments) says:

    On the subject of the “Slumdog Millionaire” phenomenon, THE scholarly work that everyone should read is “The Mystery Of Capital” by Hernanado DeSoto. There are reasons why some slums develop into thriving centres of entrepreneurship and others don’t. The secret is the kind of assistance given by government. Not money; but the legal recognition and ratification and enforcement of systems of property rights that evolve spontaneously and rationally in the slum setting.

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  13. Glutaemus Maximus (2,207 comments) says:

    Communism Good

    Socialism much better

    Progressive Socialism better still.

    Pay the Pensions of the Public Sector at the highest rate possible, all index linked or else!!!!

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  14. peterwn (3,273 comments) says:

    I have three big problems with BRT:

    1. They put the 1990’s National Government badly crook over fire service reform and while this did not lose the 1999 election on its own, would have been a contributing factor.

    2. They huff and puff about electricity reform, but when a push becomes a shove the BRT members (CEO’s of some major companies) demand that the Government ‘do something’.

    3. I am not at sure if the average Kiwi shareholder (including indirect investors) really approves of their companies supporting their CEO’s belonging to BRT.

    I sincerely hope that John Key and co do not pay too much attention to BRT – in my opinion is will be an election loser in due course.

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  15. Sam Buchanan (501 comments) says:

    “Professor Kelsey should calm down and watch Slumdog Millionaire. It is a rags to riches story of entrepreneurship in the new India, the product of sweeping moves to cut taxes, liberalise trade and deregulate business.”

    Actually, Slumdog Millionaire suggests the way to get rich is to (a) win a game show, (b) become a gangster, or (c) prostitute yourself to a gang boss. Is this entrepeneurship?

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  16. OECD rank 22 kiwi (2,752 comments) says:

    Sam Buchanan demonstrates why a taxpayer funded education is wasted on him.

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