Thursday, September 15, 2016

Cui Bono?

Economic stats are out, showing a significant increase in GDP growth. The government is crowing, of course, but they're avoiding the obvious question: who is actually benefiting from this "growth"?

And the answer to that clearly isn't ordinary kiwis. Unemployment is still high and wages are stagnant. In other words, while the economy is growing overall, the majority of people are locked out, with the benefits flowing to the rich. Which means that this "growth" just makes us worse off, by increasing inequality and all the problems of health and crime that go with it. And that's nothing to crow about...