It is conservative tradition in times of economic and social reformation to cut and transfer wealth and resources from public ownership to the private and business sector. It usually benefits the few in the private sector to the disadvantage of mostly ordinary people.
During The Great Recession of 2010, the most felt reform across the globe was austerity measures and their social impact upon ordinary folks. At the same time, funds were redirected to restructure banks and business. It was particularly noted how economists paid themselves huge bonuses in the face of economic collapse and desperation among the people!
Anyone would expect the fate of the ordinary to be relieved from struggles when things are good. Unfortunately in any condition of good or bad, the ordinary folks continue to be disadvantaged.
In light of the General Election 2017, politicians offer populist resolves to the issue, but mostly addressing the symptoms and not the cause.
The economy is said to be robust maintaining a healthy GDP rate relative to a sustainable dollar, the government has projected a surplus to justify spending.
First, the monetary economy according to me is where value is based on derivatives along with transaction costs and fees. It is when such activities are increased that the dollar is in demand giving rise to its value. And this can also be offset by interest rates. The dollar itself is no longer a symbol of trade and exchange, but has become the central focus of the whole economy.
In the absence of the input of goods and services, activities determining the value of the dollar are totally superficial and abstract. There is no need for a consumer population or working class. That means unemployment is high.
Now New Zealand for a long time has been riding on images of peaceful clean and green existent. And because of its isolated geographic location, it presents itself an attractive place away from conflicts of our trouble world.
The added value image has somewhat embodied an abstract economy a standard commercial status. It's a deception immigrants are eager to see a paradise New Zealand but only surprised to discover a place where Mental Health is administered inside Prison while locals live on the streets. Well, 90 percent of inmates have a history of mental illness.
How can any immigrant feel welcome to Aotearoa when another house is allocated to a foreigner while locals live in cars on the street?
Second, when economic fluctuations are related to GDP activities, the dollar demand increases its value based on goods and services. There is a consumer population and a working class generating demands and values.
GDP activities may not generate full employment for the whole population while some unemployment reserve serves to manipulate wages and profit.
There is no doubt that technological developments in farming and manufacturing are in demand, but these are now targeting skill migrants. This means there is a gap between education and the economy.
Moreover, those who can afford education may be opting for studies not on demand for jobs in the market, while those who can't afford school fees make up the unskilled population.
Third, the abstract economy may have an unemployed population but not lacking in export and manufacturing because production is administered by robots. However, the balance between the monetary abstract and the tangible economy can be conditional to the social consequences. And this is where political campaigns are aiming their populist opportunities.
In the absence of robots, the abstract monetary economy not only has an unemployed population but also lacking in manufacturing and export. The historical social consequences are evidential of alcohol and drug addictions along with violence and crime.
At the same time, drug busts around the country are reported to have a street value of over million dollars along with assets. Rates over this amount have some measure to influence demands and necessarily the dollar rate. We have learned of periods of low activities while the dollar was in high demand.
While criminal activities are not new in any economy, the social consequences are doubled on addiction, crime and violence. And criminal-dollar demands not only project a false economy but also doubling the hit on social consequences.
Clearly, where less tangible and unemployment exist, the sector is targeted for development. And this is not new to areas of social need targeted for development in order to reduce addiction, violence and crime.
The status quo suggests a standard on commercial status. The existing pegging order is a conservative hierarchy of private business and corporations at the top, crumps are fought for among the ordinaries at the bottom.
No one is suggesting changes to the pecking order but if you look again, Aotearoa New Zealand's economy has been riding on the image of social status without rewards for a good long while. Images of pristine landscape associated with the lack of conflict elevated New Zealand social status as peaceful and paradise. No hard work in here except for a social presentation of the material.
Evidential to the above fact is Tourism at its highest demand ever; people are attracted to discover a place of peace in the south. Distribution therefore must target four critical areas for development.
One, it must target areas of social need where unemployment, violence and crime thrive; two, it must target to bridge the gap between education and the economy work transition; three, it must target to modify conditions to young criminals responsibilities and four; it must target to remove all drug dealers back to Australia. Fair dinkum!