Sunday, March 20, 2011

Neo-Liberalisms "success" in New Zealand


Since 1984

Neo-Liberalisms "success" in NZ.

 "Between 1985 and 1992, New Zealand's economy grew by 4.7% during the same period in which the average OECD nation grew by 28.2%. From 1984-1993 inflation average 9% per year, New Zealand's credit rating dropped twice, and foreign debt quadrupled. Between 1986 and 1993, the unemployment rate rose from 3.6% to 11%.

The Labour Government in 2000 to 2009 reversed some of the Neo-Liberal policies while keeping within the same general path, leading to their defeat by a disappointed population. Economic and social indicators where rising briefly until  a National Government determined in reinforcing the Union and beneficiary bashing policies was re-elected.. We are now continuing in recession as the rest of the world climbs out.

Social and economic indicators have resumed their downward slide in unison with the other Neo-liberal econom ies, USA and the UK.

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