Breaking news

NZ unemployment rate falls to 6.3% in Dec qtr from 6.6% in Sept qtr; Economists had expected around 6.5%
MORE SOON

Offers for readers

The comment stream

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Senior Investment Operations Analyst
This position is in the Investment Operations team within MLC's Asset Management business ...more
Australia
Learning & Development Manager - Technical Programs - 12 month Contract
Provide L&D support for all technical requirements for the business banking teamBuild a st...more
Australia
Pega Development Lead
We are looking for a highly skilled Pega Development Lead, who is capable of leading a tea...more
Australia
Actuarial Advisor
You will use your actuarial and statistical expertise to provide technical advice to achie...more
Australia
efinancialcareers.com

Reader poll

Who do you think should be appointed Reserve Bank Governor to replace Alan Bollard when he retires in September?

Choices

2025 productivity taskforce includes former Labour Finance Minister Caygill

Posted in News

The five members of the government's 2025 productivity taskforce have been named, Minister for Regulatory Reform Rodney Hide announced. The taskforce is headed by former National Party leader Don Brash, who before joining the National Party was Governor of the Reserve Bank. Joining Brash will be: Former Labour Finance Minister (1988-1990) David Caygill who is also current chair of the Electricity Commission , chair of the forthcoming ACC review and is a member of the Regulatory Responsibility Taskforce. Caygill, one of the instigators of 'Rogernomics' in the 1980's, replaced Roger Douglas as Finance Minister in 1988 when Douglas was fired by then Prime Minister David Lange.

Jeremy Moon: founder and chief executive of Icebreaker and chair of Better by Design, a unit within New Zealand Trade and Enterprise. Judith Sloan: Commissioner (part-time) at the Australian Productivity Commission and Commissioner at the Australian Fair Pay Commission. Bryce Wilkinson: Director of Capital Economics, with 12 years experience in public policy analysis at the Treasury and 12 years with an investment bank.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

1 Comments

Good luck !

Good luck !

Anyone know how much this

Anyone know how much this lot are costing?

I'm more sceptical what those

I'm more sceptical what those people involved understand of the term "Increasing productivity".

- Building more roads (Infrastructure) with machinery imported -.
- Extending Public transport with rolling stock imported -.
- Improving Power grid/ supply with equipment imported -.
- Improving education system with lecturer's /products/ etc. imported -.
- etc. -

Ha -Millions of $ are leaving the country.

The reason NZ appears to

The reason NZ appears to be falling behind in terms of productivity is essentially the composition of the measurements regarding productivity.

It is unfairly distorted in favour of other countries and deliberately engineered to show NZ in a negative light.

What about the earth shattering achievements such as 'working for families' etc and other contributions for the promotion of middle class welfare ?

@ W. Kunz

"Ha -Millions of $ are leaving the country."

I regret I have to disagree, I believe there will be trillions of dollars coming into NZ from the tsunami of the 'global savings glut' that the Maestro Alan Greenspan saw.

I suppose we will be forced to initiate a program to target benefits for the wealthy now.

Please edenz don't take my

Please edenz don't take my comment out of context.

Hey Walter : I think

Hey Walter : I think that you may be expecting too much from our isolated little rock in the antipodes . We do not have the advantages of a long industrial history , or the geographic proximity to markets , or indeed the rich resource base of European countries . As such , much of our industrial equipment is imported . We have boosted our production at the Chch Press with new printing ( Goss ) and publishing ( Ferag ) systems . Imported , yes , but what choice is there ?

The problem is not borrowing money from offshore . The problem is where it goes to . And New Zealand has , over several generations , wasted it on consumer luxuries and houses . Had the same funds been directed into industry , we would now own half of Australia , instead of them , us . Cheers .

Why? Caygill presided over the

Why?

Caygill presided over the EC, the most pernicious of the the cargo cult reform moves, a bureaucratic boondoggle setup to oversee a legislated monopoly, the result of which was a bonus for lawyers and the useless

Neven

I have edited this comment. A reminder to all. Please do not use abusive language or say anything that might look like defamation to a lawyer with a big mortgage he/she wants to pay off in a hurry.
cheers/Bernard

Roger I'm not expecting too

Roger I'm not expecting too much, but changes -otherwise we will heading towards being a second world country or worse- bankruptcy.
The way we are running our economy currently we cannot maintain our high life- style standards.
Without a change of culture, long term there is only one alternative - a South Island style society - Takaka- easy and modest - self sufficiency.

Well, has anyone done the

Well, has anyone done the obvious yet and googled the names to see what might be coming our way. OK, I do it, and heres one I prepared earlier,

Don Brash - Most here already know which way the bankers gib is cut, output minus input equals profit, if the labour portion of that input can be reduced to only having to feed the slaves, that would greatly improve our productivity to inline with the other nations that my neo-con mates live of whom I am so envious because they already have such conditions. So I'll hire Judith Sloan.

- Judith Sloan Australian Productivity Commissioner
TOWARDS FULL EMPLOYMENT
IN NEW ZEALAND
A RESPONSE TO EMPLOYMENT: THE ISSUES
A REPORT OF THE PRIME MINISTERIAL TASK FORCE
ON EMPLOYMENT
BY PROFESSOR JUDITH SLOAN
DIRECTOR
NATIONAL INSTITUTE FOR LABOUR STUDIES
NEW ZEALAND BUSINESS ROUNDTABLE
AUGUST 1994
(from conclusions)
On the first, the critical factor determining the translation of output growth into jobs growth is the degree of labour market flexibility, measured along a number of dimensions. With the passing of the Employment Contracts Act, New Zealand has experienced a dramatic improvement in its overall extent of labour market flexibility. There is, however, one major unfinished agenda item and that relates to the high (perceived) costs of firing arising from the unfair dismissal decisions of the Employment Court. The overseas evidence is very clear: strong employment protection laws are associated with high rates of unemployment, particularly long-term unemployment. The suggestion made here is that the work of the Employment Court be transferred to the normal court system and the principles of contract law, which underpin the approach of the ECA, be more strongly invoked in respect of dismissal matters. The other impediment to greater labour market flexibility relates to minimum wages and their potential harm to the employment prospects of the lowest paid and least productive members of the workforce.
http://www.nzbr.org.nz/documents/publications/new-publications/sloan-pap...

David Gaygill - Pretty well known to most politically interested bods as part of the terrible four Douglas, Prebble, Basset during the selling of NZ man on mainstreet down the river. When made head of the electricity commission he stated in an article in the Dominion newspaper that during the Douglas reforms he didn't really know what was going on, just said what they told him to say. I have lost the actual article from pre 2008 election, if anyone kept it or noted it, could they please post it?

Bryce Wilkinson - During our receivership at the hands of international financiers in 1984 and the imposed structural adjustment programs many foreign trained advisors from within treasury were pulling the puppet strings of their locally recruited political co-operatives. The most prominent of these were Graham Scott, Bryce Wilkinson, Rob Cameron, Roger Kerr, all of whom have been put in charge of or part of most all of the many taskforces put back in place by the National Party Executive as we are once again being prepared, unless the sheoples awake, for another liquidation and further privatisation:
Cultural Re-Invention
Within The New Zealand Treasury
Joe Wallis* and Brian Dollery**
August 2001
In an extensive series of interviews with those actors who played an influential role in making economic policy in New Zealand over the 1984-1993 period, Goldfinch (2000) found that four NZT officials - Graham Scott, Bryce Wilkinson, Robert Cameron and Roger Kerr- were nominated as being more influential around 1984 than Bernard Galvin who was Secretary at the time. It appears that Galvin was prepared to allow these subordinates to assume the reins of policy leadership within the organization in much the same way that the Labour prime minister , David Lange, gave his finance minister, Roger Douglas, a free rein in driving the new economic policy direction through various veto points in Cabinet, caucus and Parliament. Easton (1997) has, with his characteristic sense of drama, described this as a "colonel's coup" within the NZT. The influence of the "colonels" increased through the 1980s as Scott replaced Galvin as Treasury Secretary and Kerr assumed the position of director of the hugely influential Business Roundtable.

NIGHT'S BLACK AGENTS: THE NZ LABOUR PARTY SINCE 1984
JIM DELAHUNTY (WELLINGTON, OCTOBER 1999)
As Bruce Jesson said in "Revival of the Right" - "Since 1984 New Zealand has been ruled by a government of the libertarian right. This has not always been obvious to New Zealanders: political awareness has declined since the 1930s..." p.30.
He then goes on to show how Labour policy was related to capitalist aims and objectives... 'Treasury presented the incoming government with a set of briefing papers, written by Graham Scott, Roger Kerr, Bryce Wilkinson and Rob Cameron published under the name of "Economic Management" which was to be the blueprint of Labour's economic reforms... "Economic Management" recommended most of the reforms that were to transform the New Zealand economy: deregulation of finance, floating the dollar, abolition of exchange controls, corporatisation, GST reduced income tax, family care and so on..."
Sharechat article by Rodney Rampant
12 June 2009
Re Regulatory Taskforce
The presence of Capital Economics director Bryce Wilkinson, identified like Scott as a long-time crusader for "finishing the job" started by Roger Douglas in the 1980's, indicates a willingness to consider bold ideas. The rest of the group represents a solid who's who of the legal and corporate sectors, including investment community heavyweights Paul Baines and Don Turkington, and the noted legal commentator, now chairman of Chapman Tripp, Jack Hodder. The inclusion of David Caygill, once a regulatory reformist in the Lange-Douglas government 20 years ago and now the chair of the Electricity Commission, suggests that the taskforce will have the capacity to knit its proposals together with whatever happens once the wholesale electricity market review is completed.

Hi Iain, After reading your

Hi Iain,
After reading your always interesting comments :
Oh well my conclusion for a happy NZ: Green Takaka- easy and modest - self sufficient and a few Aussie tourists keeping employment to pay taxes/ rates.

Its looking like an easy

Its looking like an easy victory Wally, a majority of occupants are still in the mess tent in the middle of the fort on the piss with the music cranked up blisfully unaware that the stealthy invaders have already dispatched all the perimeter guards and are readying for the final assault on the fat and happy drunks in the mess tent, and by the time they realise they are even under attack they will be in no position or condition to mount any sort of counter attack. Just the way Dodgy Rodgy likes to plan it, hit'em before they even know whats happened to'em.

F&*ks sake. Is this the

F&*ks sake. Is this the best that the Gnats can do? How many of these clowns have actual experience in industry? Like, the people who should theoretically have some understanding of productivity! Yet another indictment of the intellectual bankruptcy of New Zealand's political establishment when it appoints a taskforce of ideologically driven people who are least likely to have an understanding of the area of endeavour that they have been chosen to preside over. I'd very much like to know Les Rudd and John Wally of the NZMEA views of the matter.

Come on you lot, you

Come on you lot, you didn't really expect a serious effort to be made to put right the pigsty economy did you? The whole Brash thing is for the benefit of the poorly educated peasantry. Something to take their minds off the daily drudge of working to pay the taxes. It'll be kept wallowing in the trough of tax payer loot, running with the spin and getting the full support of the stupid poodle media, right up to the point when the Beehive deems it time for the findings to be sold to the public, as the right way forward ..............oh and why the Nats have to keep the govt in office.
The findings have already been written! All Brash has to do is stick to the script and he will be bending the knee come 2011.

My council for what it

My council for what it is worth is to work - where we can - with both the tax and productivity groups and see if (largely because of the times) some real change will happen.

If it is a whitewash then go to town on them.

The committee would have an

The committee would have an easy task if they developed policy to ensure that producers and exporters are paid.
Production can not happen without investment.R&D and infrastructure spends are worthless without production
NZ is littered with examples of what can happen wihen producers receive just returns the last of which is the dairy industry.
Unfortunately this committee is unlikely to have courage to address the major issues of an overvalued exchange rate ,excessive interest rates or attempt to control credit growth.They never have in the past

Rose C Evans

Does the NZ public not

Does the NZ public not know what mess we are in, BECAUSE of all these people.

They were in CHARGE of the countries finances before. Now we can HOPE that they don't make the same mistakes..TWICE...or THRICE..

I think that may be like giving a JUN-KEY the KEY's to the MEDICINE CABINET.

OR is that the CABINET given the KEYS to to be JUN-KEYS. So more of the same....

It was never NEW ZEALAND FIRST.....it was always...ME...first.

It was never me LABOUR...it was always YOU...Labour.

It was never NATIONAL-ise.....it was the NATION......PAY.

It was never ME ....ACT...it was all a dance....cos they want you the TAXPAYER to ACT.

TAKE THAT.....my simple version of the TRUTH........and no names mentioned ALEX except yours...I TRUST.