Tag: Insurance

FIREd Up : Wgtn’s Jane Kelsey “The FIRE Economy” Book Launch

Opinion – Jimmy Solen FIREd Up : Wgtn’s Jane Kelsey “The FIRE Economy” Book Launch Event report by Sven Solen FIREd Up : Wgtn’s Jane Kelsey “The FIRE Economy” Book Launch Event report by Sven Solen [youtube http://www.youtube.com/watch?v=MGrBCtOt4Qs?list=PL5IpEpq-r4nx_d9ERIgnEgcCnOkbMv4Zi&w=560&h=315] Scoop.co.nz Video of Jane Kelsey’s Wellington Talk on The FIRE Economy At Jane Kelsey’s talk about her new book The FIRE Economy at a Fabian Society event in Wellington this week, one of the memorable phrases she used, to describe no less an august body that the IMF, was that people there had somehow managed to “start talking truth to their own power”. If only that was a precept more people ‘in power’ worked and lived to. This was just one of the takeaways from a no-nonsense talk about a book that calls out the extremely skewed orthodoxy that sits behind the acronym “FIRE”: Finance, Insurance, Real Estate. In her work in the wider public interest, Jane Kelsey is of course an elemental force herself, from her influential landmark book The New Zealand Experiment (shockingly 20 years old now), to championing Its Our Future – “Kiwi Voices on the TPPA”, and taking on the TPP on Al Jazeera and Seven Sharp. Her’s isn’t a lone voice, and the packed lecture theatre at Victoria University on Wednesday evening demonstrated there is a hunger for both clarity around whether an end (happy or...

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The FIRE Economy: New Zealand’s Reckoning – By Jane Kelsey

Opinion – Professor Jane Kelsey The global economy imploded in 2008 and confirmed a stark reality. Entire nations and billions of people are captives of an unstable and amoral economic system powered by finance , insurance and real estate FIRE. [1] New Zealand included. Click to order a copy from the Publisher The FIRE Economy: New Zealand’s Reckoning By Jane Kelsey Introduction – An Extract The global economy imploded in 2008 and confirmed a stark reality. Entire nations and billions of people are captives of an unstable and amoral economic system powered by finance, insurance and real estate – FIRE. [1] New Zealand included. ‘The FIRE economy’ is a metaphor for the fundamental shift in global capitalism since the 1970s. Finance has replaced industry as the driver of wealth creation in affluent countries – a transformation known as financialisation. Neoliberal ideology, rules and institutions acted first as the midwife and then as the guardian of this new economic order. The Global Financial Crisis (GFC) showed the world’s richest countries, notably the US and the nations of Europe, that the globally integrated economy they had created, and from which they have prospered, could also bring them to their knees. Faith in the neoliberal ‘orthodoxy’ that shaped and sustained them seemed shattered. The fallout was fast and furious, and quickly spread to many other parts of the world. A cursory look...

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Gordon Campbell on the Northland by election, and TPP news

Column – Gordon Campbell Incredibly, Winston Peters is back at centre stage of New Zealand politics, and in the role he likes best as the virtuous underdog, fighting the forces of entrenched political patronage in the Northland by-election. Currently, a rattled Key government … Gordon Campbell on the Northland by election, and a TPP news round-up Incredibly, Winston Peters is back at centre stage of New Zealand politics, and in the role he likes best – as the virtuous underdog, fighting the forces of entrenched political patronage in the Northland by-election. Currently, a rattled Key government is throwing all the election bribes it can at the voters of Northland to fend him off. Yesterday for instance, the government suddenly found it could afford a $69 million bridge building package to create a short-lived jobs programme in Northland on behalf of its candidate. The symbolism seems perfect. Once the by-election is won and the bridges are built, a National government will allow the needy in Northland to return to their usual state of irrelevance. Peters’ only concern right now may be that he has peaked too soon. Rccent polling has him deadlocked on 36 per cent with National’s contender, Mark Osborne. Clearly, Labour voters have already got the message about the need for tactical voting. So far, Labour leader Andrew Little has done what he has to do on that...

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Gordon Campbell on the Labour Party annual conference

Column – Gordon Campbell It seems to be a basic law of political thermodynamics that centre left parties can only lurch or swing when they begin to sound more assertive. This lateral motion always takes them further leftwards, allegedly in response to the primal, … Gordon Campbell on the Labour Party annual conference by Gordon Campbell It seems to be a basic law of political thermodynamics that centre left parties can only ‘lurch’ or ‘swing’ when they begin to sound more assertive. This lateral motion always takes them further leftwards, allegedly in response to the primal, atavistic demands of left-wing ideology, and at the prompting of trade union heavies. Think about it. Has anyone ever heard of a major New Zealand political party being publicly described as having “lurched” to the right? It never happens. They just don’t swing like that. Interesting fact: ideology and extremism is commonly found to be virtually invisible at centre-right wavelengths on the political spectrum, where it tends to strike even seasoned political commentators as sheer common sense. Or as the credible politics of centrism. Coverage of the weekend’s Labour Party conference offered some pretty good examples of this interesting cosmological imbalance. Point being, it was really hard to recognise the Labour Party conference taking place at the Air Force Museum in Wigram from the descriptions being bandied about beforehand in the mainstream press....

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Cunliffe: Building a Future for All – Conference Speech

Speech – New Zealand Labour Party We are here with good reason in this great city. To show our solidarity and determination to help get the rebuild moving. And to return a new Labour MP, Poto Williams, in Christchurch East. Thank you all for being here. SPEECH TO LABOUR CONFERENCE CHRISTCHURCH, 2 NOVEMBER 2013 1. Introduction E nga mana o tenei rohe Ngai Tahu Tatou katoa te whanau o te reipa Tena koutou katoa It’s great to be here with you today, with Christchurch’s new Mayor Lianne, our wonderful President Moira, our fantastic candidate for Christchurch East, Poto Williams, and to be part of the Labour team that is going to win the 2014 election. I acknowledge our New Zealand Council, Te Kaunihera Maori, our affiliates, sector councils and my caucus colleagues. I want to especially acknowledge our previous leader David Shearer, leadership candidates Grant Robertson and Shane Jones, and my Deputy David Parker. Mostly, I want to acknowledge you – every member of this, New Zealand’s greatest political party, whose membership has exploded by 75% this year! We are here with good reason in this great city. To show our solidarity and determination to help get the rebuild moving. And to return a new Labour MP, Poto Williams, in Christchurch East. Thank you all for being here. Christchurch, we admire your resilience and your strength. Your compassion for...

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