Hate to admit it: Labour and Greens are right about New Zealand’s inequality

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There you are.

OECD data.

Hard facts.  Can’t escape them.  

Rising inequality holds back economic growth — according to a recent report by the Organization for Economic Co-operation and Development (OECD).

The organization, which is primarily composed of high-income countries, analyzed economic growth from 1990 to 2010 and found that almost all 21 examined countries missed out on economic growth due to rising inequalities.

This is the same data that has been pushed by the Greens and Labour to prove that John Key isn’t doing a good job.

What they haven’t told you is that the data came from 1990 through to 2010, which are largely the Helen Clark years.

Ouch.

 

Another bit of hard proof that Labour destroyed the New Zealand economy, and it did so by squandering huge surpluses for absolutely no gain.  In fact, all the excesses were handed back to poor people, and still we had the most excessively socially unequal country in the OECD.

You might want to bookmark this article, so you can flick it at anyone who claims that the Key government are nasty people who have made New Zealand inequality worse.  (Hint:  National arrested the downward slide)

Turns out that Helen Clark’s Labour government did the damage.  But then that’s no news to those of us that are close observers of these things instead of believing the latest Tweet from Russel Norman.

 

– Washington Post


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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