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Have your say: Govt to establish Productivity commission

Posted in News

Finance Minister Bill English and Regulatory Reform Minister Rodney Hide have announced the creation of a Productivity Commission early next year to help boost New Zealand’s economic performance across the public and private sectors. The creation of the commission was part of the National-ACT confidence and supply agreement signed after the 2008 election.

“It is essential that we increase our economic growth if we are to create the jobs, higher incomes and opportunities New Zealand families deserve. Our main challenge is to ensure this growth is based on private sector investment and exports, rather than the unsustainable increases in government spending and borrowing of the past decade," English said.

“This will require action across the board – and it’s why the Government will give the Commission wide scope in terms of the issues it directs it to consider,” Hide said.

Hide said productivity was crucial in maintaining and increasing New Zealanders' standards of living.

“In the long run, productivity is the biggest determinant of wages and living standards. Lifting our output per worker - the amount of goods and services each worker produces and the value they add – is critical to closing the income gap with Australia," Hide said.

“This income gap is one of the main reasons we lose so many talented, hard-working New Zealanders every year. The Government is committed to taking a number of steps to close the economic gap with Australia. Establishing the Commission is one concrete step towards arresting New Zealand’s productivity slide,” he said.

The Commission’s roles and functions would be modelled closely on the Australian Productivity Commission, which has been operating for more than 10 years, they said. The Government aimed to enact legislation to set up the Commission by the end of this year so it could be operating by April 2011.

The Australian and New Zealand commissions would cooperate.

Here's more detail from the announcement and Questions and Answers below:

The independence of the Australian Productivity Commission has ensured that important public policy issues have been tackled in a non-political way. Examples of Australian Productivity Commission inquiries include energy efficiency and the economic impacts of migration and population growth.

The new Productivity Commission will be headed by up to four part-time commissioners and will provide independent advice on ways to improve productivity in areas identified by the Government.

Its main functions will include:

* Inquiries into productivity-related matters and reporting back to Ministers.
* One-off reviews of existing regulations.
* Reviews of the efficiency and effectiveness of regulatory agencies.
* Regulatory impact analysis of a small number of proposed new regulations.
* Research into productivity-related matters, to build up its institutional knowledge.
* Promote public understanding of productivity-related issues.

The commission will be funded through contributions from reprioritising the existing budgets of 29 Government agencies.

“No extra money will be called upon to fund the Commission and its activities,” Mr English and Mr Hide said.

Q: Will the New Zealand Productivity Commission be a unit of an existing department or a new entity?

A: It will be a new Independent Crown Entity, like the Commerce Commission or the Law Commission.

Q: Wouldn’t it be cheaper to make it a unit of the Treasury, like the National Infrastructure Unit, the Debt Management Office or the Export Credit Office?
A: It would not necessarily be any cheaper to be run as a unit of an existing department and, more importantly, the Government is very keen to ensure that the public of New Zealand are absolutely clear that this is very much an independent agency.

However, we do want the Commission to operate as efficiently as possible, and it will share back office services with another agency. This will be worked through in the course of setting up the Commission.

Q: How can we afford a new government agency with the Crown forecast to run deficits for years to come and the Crown’s net debt levels forecast to rise dramatically in the years ahead?
A: Funding for the Commission will be sourced from the existing baselines of 29 Government departments, ministries and agencies that currently provide productivity-related policy advice and those agencies with a significant influence on productivity. Not one extra cent of taxpayers’ money will be called upon to fund this significant new agency. Contributing agencies will be required to continue to fund all of their normal outputs out of efficiency gains.

Q: How will the NZPC compare with the set-up in other countries?

A: The New Zealand Productivity Commission is based closely on the Australian Productivity Commission – In terms of size it is comparable to the State of Victoria’s Victorian Competition and Efficiency Commission (VCEC), which is judged to have critical mass.

Your view? We welcome your insight and comments below

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?

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82 Comments

Oh bloody great...another govt department...another

Oh bloody great...another govt department...another Minister...another ceo....heaps of flunkies...how much?....10 or 20 million a year. Don't forget to set up a separate commission to measure the productivity of this one will you!
"29 Government departments, ministries and agencies ..... currently provide productivity-related policy advice"...so it is very important we waste more bloody money stolen from taxpayers to round the number up to 30 because it looks better!
"this is very much an independent agency"...yeah sure it will be...just like the RBNZ right!..... Bullshit.
"No extra money will be called upon..." more crap
"Promote public understanding of productivity-related issues".....Haaaaaaahahahah

The Govt is the problem,Ive

The Govt is the problem,Ive posted this before but i think its relevant.

We in the West need to ask the question – “To what extent have we manufactured our own economic downfall?”

Is the major contributor to Europe’s economic decline not the result of home grown policies which destroy rather than create wealth?

Consider growth in coercive state spending through transfers of wealth from wealth creators. Consider the disincentives to starting a business through employment laws, payroll taxes, corporate taxes, local taxes, personal taxes, dividend taxes, union power, and a plethora of incentive draining quangos.
I would suggest to you and your readers that China’s foreign exchange rate policy over the last 20 years has not been the major contributor to Europe and the USA’s economic decline (of course the Yuan should float) but rather it has been the voting in of increasingly high tax, anti-market governments that have shut down the engines of innovation, enterprise and wealth creation in the domestic economies of Europe and the USA.

The problem with a Productivity

The problem with a Productivity Commission is that as far as I can see, no one has actually picked up on the simple odd fact that New Zealand has not been in the top percentile of Productivity in the past 30 ODD....and I do mean odd....years I have experience of.

If the Fine Management of our dear nation in that period did not realise we had any problems that couldn't be fixed by cheap borrowing and selling our-soul...(or is that arse-hole)...off to anyone with a buck to spare from overseas.

This to to pay for the large$$e......as we expanded our luxuriou$...$HONKY...LEAKY... house$, to the un-witting, but not our Infra$tructure, nor $ustainability to PAY for THEM ourselve$.

Except of cour$e by rorting our visitor$ and new migrant$ by on-$elling FARM$, MOTEL$, and BU$INE$$e$....etc at an over-inflated price.

Take Queenstown for a PONZI example. .....Please.

"part of the National-ACT confidence

"part of the National-ACT confidence and supply agreement".....another reason to vote in 2011 for a ballot on the system to be held in 2014.....so we can get rid of bloody mmp and see an end to this 'pass the pork' behaviour...an end to all the list bums on seats and to be rid of the rubbish.

Let's get back to First Past the Post where the sitting mob know an axe of doom will cut them to bits if they stuff up while running the show.

I wrote enough about that

I wrote enough about that issue.

http://www.youtube.com/watch?v=IOkYjvFpNEo

You must watch the whole film - it gets better every minute.

Walter
Please, don't read und understand this in context to my many other articles.

..and please, don't be nasty

..and please, don't be nasty it is not my best contribution so far.

You forget one Q&A: Q:

You forget one Q&A:

Q: Has John Key already denounced the proposals of the Productivity Commission and that he would implement absolutely nothing of their suggestions?

A: Not yet, but we can assure you that he will do so.

S-L: You tripped up on

S-L: You tripped up on the most literal of spellings - it's Queen$town, old chap. Whose turn is it now? The Taiwanese have been and gone; and the Indonesians; and the New Zealanders; well their finance companies. Of course! What is that yuan/kiwi exchange rate.....

ROFL! I don't know if

ROFL!

I don't know if I can stand the irony...

http://en.wikipedia.org/wiki/Hacker_Ministry

Talk and talk and more

Talk and talk and more bloody talk and all the while the policy framework transfers wealth from the real to the non-traded economy.

Take a look at this presentation I did over last weekend for the Fabians (www.fabians.org.nz) in Auckland the second page has another way to say it!

http://www.johnwalley.co.nz/73-fabian_society_presentation.aspx

Yes Minister.

Or course John Key would

Or course John Key would just dump any recomendations. Productivity Commission, what a joke. Give the right people the reason to be productive.IE. Low flat taxes and a lower cost structure. Get Government out of the way. Its as simple as that.

Reward enterprise and risk taking. The productive activity will follow automatically

<blockquote> Let’s get back to

Let’s get back to First Past the Post ...

Wally, Wally, Wally,

Single Transferable Vote (STV) is my favourite system. Under STV, I get to choose which of the blighters goes LAST.

I find it easier to fill the card up if I can put the most reprehensible ones last. And there is a small chance of getting a quality independent in under STV.

None at all under MMP or First Past the Post.

"Low flat taxes and a

"Low flat taxes and a lower cost structure. Get Government out of the way. Its as simple as that." Yes; yes; yes and yes !
But that's way to obvious, Barry. I mean, what would we need the politicians for?

This is nothing but a

This is nothing but a cop out. The Govt knows exactly what the problems are they just want to escape responsibility for the pain of fixing them.

Contradictio in terminis

Contradictio in terminis

Sometimes I think current government

Sometimes I think current government decisions are coming out of a cocktail shaker.

What a dopey bloody project.

What a dopey bloody project.

Finance Minister Bill English and Regulatory Reform Minister Rodney Hide have announced the creation of a Productivity Commission early next year to help boost New Zealand’s economic performance across the public and private sectors.

The only thing these two can do to boost productivity, is to remove government from the market altogether.

How has Hide become so clueless?

agree with Gibber Wally,we got

agree with Gibber Wally,we got the worst of all systems with the help of Palmer and Nats.STV is the way .Anyway do you believe that JK is not letting Hide push the envelope for the ACT part of National?

Another lot of unelected officials

Another lot of unelected officials making decisions for which they are unaccountable to the public whilst sitting on the public payroll.

Modern Western democracy is turning into Government that doesn't govern but passes the buck to a whole lot of their mates and themselves when they retire from Government.

And yes, I like STV for those reasons Gibber stated above - only problem is it does take some time to understand how to vote strategically.

We have a Families Commission

We have a Families Commission , and a Womens Commission , and a Race Relations Conciliator ............... and they are all totally useless . Not one iota of productivity or achievement amongst the sad rag-tail lot of them . As too for the current Securities Commission . What've we got to lose with one more quango for the old boys network ( Jim Bolger / Michael Cullen / Geoffrey Palmer / Mike Moore or less ) . Bring it on , Rodders , amuse us . ................ . Next Hide family picnic there'll be a few of us biffing the lamingtons at you !

Mark Hubbard, Hide isn't clueless

Mark Hubbard, Hide isn't clueless about what's good for Hide.

As far as what's good for the nation - he's not clueless, rather he's just not interested.

Always been that way - I mean, this is the guy who got more of a buzz out of Dancing With the Stars than any other experience in his life! He's a wanna-be "rock star" not a statesman.

N/A I stand corrected....omission on

N/A I stand corrected....omission on the most obvious sign....of the $ value of a hole in the ground.

Queen$town used to be a nice place but not now the ticky/tacky are well ensconced. Funny how many return tourists commented on just that. Must be a SIGN of the times.

As a further point......I will just put in the one $ sigh..this time....or is that SIGN... as it slows my one finger typing...............sigh.

Isn't a Commi$$ion a part % take for fees for a Con-sultant....

A bit like a real estate agent or a govt Quango Minister.......or even a minister...of GOD..........almost a TITHE....in a way, only sometimes much smaller. (SMIRK).

There must be a queue forming. Well the queue starts behind me...tis my DESTINY.

Fat fees for a fat chance of a result.

Just my cup of tea....I must be eligible....I can brew a good cuppa.

Pray that I get it. ..It would take a miracle......heaven only knows where the next $ is coming from.

I ain't got a boat to go fishing for the 5 fishes nor a cent for 5 loaves of bread.

There once was a Movie called "THE LIFE OF BRIAN"

Seems someone thought it was a SIGN.....sigh.

Isn't a PYTHON a snake.

Life has a habit of immitating ART.

English makes an unsubstantiated, idiot

English makes an unsubstantiated, idiot statement -

“It is essential that we increase our economic growth if we are to create the jobs, higher incomes and opportunities New Zealand families deserve.

Echoes of Key's "and don't they deserve that".

At least the spinmeisters are consistent.

Come on Bill - I'll take you on on my own - in any forum, any time. (But like Cunliffe, Morgan, et al, you won't).

It would be funny, if it weren't so tragic, watching a person who doesn't understand that replacement-only procreation is the only way forward for the species. A maths- curtailed finance minister, then, in my opinion, and that at a very basic level. Scary stuff.

Bill - if you could have exponential growth ad infinitum, you'd have to do it at some point without impacting the static physical world. The actions, intentions and words of Brownlee, Heatley, Groser and co, suggest you can't.

The irony is that he may still be in the seat when TSHTF, which clearly can't be beyond the timeframe of a second term.

And 'deserve'? Spare me. A collection of folk all running round thinking they were above such things as rot, rain, indeed mother nature in general. Living beyong their fiscal means, because? If they really wanted to borrow from the future, they should have checked whether the future was good for the loan. Deserve? Caveat emptor, Bill - let 'em go.

Bah, humbug.

Sorry everyone else here, but as you may have noted, I get a little exasperated at the failure to defend, while continuing to promote - such demonstrable twaddle.

:)

And just in case anyone

And just in case anyone missed it last time - check out the list of quangos already contained within Schedule 4 of the Public Finance Act;

http://www.nzcpr.com/Weekly203.pdf

Shameful.

Whichever system gets rid of

Whichever system gets rid of the useless list mps and cuts the total number of clowns down to 60 maximum. Absolutely no need for 120 pigs at the trough.

6 for the South Island

6 for the South Island 1 Steward Island 1 Chatham Island 8 for North Island 2 for Auckland and 1 for the Northern East- Coast corner.
- that's it - 19 all together !

Oxymoron – government-productivity commission.

Oxymoron – government-productivity commission.

Am IQ cut off at

Am IQ cut off at say 110 would be somewhere between Wally and Walter, probably closer to Walter's number.

[i]"It is essential that we

[i]"It is essential that we increase our economic growth if we are to create the jobs, higher incomes and opportunities New Zealand families deserve"[/i]

Funny Mr English told a group of students a few days ago that if they want to earn higher income they should go to England but if they settle down with a "family" NZ is the place to be.

The problem with having too

The problem with having too few of them is you get the problem Clarke had - that only herself and dear Michael Cullen had enough brain cells to do more than manage their own lunch money. Hence the need to be constantly telling the rest what to think.

To me the biggest contrast is the current lot are far more competent. Hope that doesn't mean they make bigger mistakes.

For what it's worth there's

For what it's worth there's already a very active project on this at VUW:

http://www.victoria.ac.nz/vms/buildingourproductivity/

Not sure if looking at this twice over is all that.... productive

<i>Oxymoron – government-productivity commission.</i> You've

Oxymoron – government-productivity commission.

You've got it in one John. The Government Productivity Commission, War is Peace ... all direct from Orwell. The appalling thing is Hide not only has his finger in it, he's the instigator.

<b>KATE</b> : Correct my maths

KATE : Correct my maths if I'm wrong , I counted 103 quangos in that list . Where the heck is the Council of Gummy-Bear Studies & Research ?

RogerT - I didn't count

RogerT - I didn't count - it was too depressing.

Crony capitalism gone mad.

How about forming a Government

How about forming a Government over-spending expenditure commission

Am I the only one

Am I the only one other than Rodney Hide that thinks this idea might be worth looking into? Do you really think the bosses are going to make the cuts in all the right places and make the right decisions by NZ - or by their 6 figure salary....?
The job of an analyst is wasn't invented for nothing...
We do need to get in there and look at the research on productivity and spread the right word to govt departments. Do you think that we have all the right experts in this here in NZ? Right.. with all the people in London and Oz, on their better wages. We have a skills shortage here, and we need the right people back to save NZ.
At least he's trying.

I have yet to be

I have yet to be convinced of the desirability of a Productivity Commission here in New Zealand - after the woeful performance of the Australian Productivity Commission in 2004, with respect to housing affordability in that country.

At the time - this dreadful Report killed the whole issue in Australia - and it took the release of the first Demographia Housing Survey in early 2005, to get the issue back in to the public conversation.

There were two major reasons for this failure in Australia - firstly, that there are no specialist urban economists in this part of the world involved in the preparation of that Report. Secondly, the protectionists in the property industry made sure there was enough rubbish fed in to the Commission to ensure that rubbish came out of it.

And to make matters worse at the time, those on the Housing Affordability panel, were not much interested in being there.

At the very least - the New Zealand Productivity Commission would need to ensure that it had the flexibility to have people involved with a deep understanding and successful track record with respect to the specific issues being dealt with. And in particular, avoid falling in to the trap of having permanent generalist economists dealing with all the issues under the sun.

Superficial knowledge is a very dangerous thing.

We only need to consider the performance of generalist economists these past five years in Australia and New Zealand on the issues of housing affordablity, local government and urban issues. Indeed - in large measure, the problems we have today can be sheeted home to the poor training of economists in these areas for the past couple of generations. I covered this issue in depth within an interest co nz article early last year "Housing Bubbles & Market Sense" and in other ones as well, accessible via my website.

The reality is that the urban areas are THE major driver of the performance of a modern economy. It's a very serious matter indeed that the economics profession generally has such a poor understanding of structural urban economics.

What is also concerning is the performance of the Local Government and Regulatory Minister Rodney Hide to date. Although I have never met the guy, at a distance, it appears to me he needs to lift his own performance significantly. We certainly dont want to see a replay of the former National Governments Simon Upton "academic" political management performance. Hides only real experience outside politics was as a lecturer at the Envoronment School at Lincoln University.

"The creation of the commission

"The creation of the commission was part of the National-ACT confidence and supply agreement signed after the 2008 election."

Says it all. So like the 2025 wastage, it's a political sop/wonk then.

Crap.

Just grasp the nettles, stop pissing about with this kind of shite.

Some ideas: In a modern

Some ideas:
In a modern society why do we need those traditional, bloody political, destructive parties ? We need and should vote for personalities, a small group of genuine people who are able to minister the country in the best possible way for the nation.
Seriously cutting down to say 15- 25 parliamentarians (National council) would result in far more workable and productive results.
I also think Districts should be far more independent from the government. This would allow helpful competition among them.

Walter

We need a referendum on

We need a referendum on a number of issues.

"after the woeful performance of

"after the woeful performance of the Australian Productivity Commission in 2004, with respect to housing affordability in that country."

mmm... not sure why a productivity commission should be looking at housing affordability.

Easy to fix productivity.
Get rid of low productivty government/quango jobs.
Get rid of productivty inhibitors such as WFF.
Flat tax to get rid of tax avoidance & have a tax free zone to 10k as a work incentive.
Get investment out of housing.

NZs City state needs far fewer polliticians & associated cronies.

Andy M Agreed Agreed Maybe,

Andy M

Agreed
Agreed
Maybe, has some merit
Out of housing and into what....due to toothless regulators NZs investing environment is fraught with risk

<i>"The Australian and New Zealand

"The Australian and New Zealand commissions would cooperate'
Gets closer by the day..........

Further to W.Kunz I read

Further to W.Kunz

I read recently of an idea for political reform which enhanced the political power of popular politicians at the expense of others. Under this system individuals would be able to vote for the politicians they prefered who would be non-geographically aligned. A politician with say 10% of the popular vote would be assigned the same weight of vote in parliament and so would be the equvalent of 2 MP's with 5% or 10 with 1% etc. Seems to me it could have some merit as the possibility of really being able to change things without endless political manoeuvring and horse-trading could encourage more of the right people into politics. Just an idea. Any comments??

Many more in the states

Many more in the states are cottoning that removing the private banks from our pockets is the greatest equitable productivity gain of all:

"In a recent article for YES! Magazine, I tracked candidates in five states running on a state bank platform and one state (Massachusetts) with a bill pending. Just one month later, there are now three more bills on the rolls—in Washington State, Illinois and Michigan—and two more candidates joining the list of proponents (joining Bernero is Gaelan Brown of Vermont). That brings the total to seven candidates in as many states (Florida, Oregon, Illinois, California, Washington State, Vermont, and Idaho) campaigning for state-owned banks, including three Democrats, two Greens, one Republican, and one Independent."
http://www.yesmagazine.org/new-economy/the-growing-movement-for-publicly...
--------------------
Whats NZ doing, the Productivity Commission will be the third foreign or foreign trained private independent institution put in place within our govt to oversee our third receivership at the hands of the international predatory lending scam in 50yrs.

We see Paula Bennett has been sent away for here indoctrination into the Chigago Way or Washington Consensus, one can assume that she might of still had an ounce of decency in her and didn't quite get it, as it is those that are normally given the US scholarships, Rob Muldoon was one in his day, but he saw through it all in the end.

Honest Money http://www.bchomerule.com/page8_a.htm

@Wally: MMP has done more

@Wally: MMP has done more for democracy in NZ since women were given the vote IMHO than anything else. I do think it needs tweaking, ACT get 3MPs with 1% of the vote yet NZF none...so it needs work.....Yes some Pollies are worse than others Whinny Peters (who I would class as amongst the worst) v Jeanette F. (who I would class as amongst the best) for instance....but thats down to voters....if numb skulls vote for a sleeze bag, well they get Whinny Peters a sleeze bag...thats not the fault of MMP....thats the fault of the voter.

regards

A productivity Ministry could be

A productivity Ministry could be positive, but if its politically influenced/run then its just a method of getting Pollies faulty ideology implimented....for instance its obvious that business owners are borrowing but not achieving productivity increases consumreate with the level of borrowing....on the otherhand NZ workers work amonsgt the longest hours...so if all this achieves is to reduce workers conditions and increase hours even more its failed...but then Rogernomics etc was a failure so we shouldnt be too surprised with ACT "new" ideas....its just more of the same.

regards

Hugh Pavletich touches on an

Hugh Pavletich touches on an issue that is little understood. The world's economic activity is far less a matter of countries and regions, than it is of cities. See "The World is Spiky" by Richard Florida, for an eye-opener on this.

The cost of land in a metro area is of enormous significance to its economic development. Economics 101 involves that the prices of land are at their lowest at the urban fringes, and rise from there inwards. The prices usually rise approximately tenfold from the fringe to the inner suburbs, and rise even more in the central business district. This is a simple matter of land being allocated to the most efficient uses at each point; and under a free market, there is a connection between incomes (and profits) and these land values.

When you get a sudden step upwards in the price of land at the urban fringe, of the order of 10, 20, 30 times over and above the price of the surrounding agricultural land, all sorts of consequences follow, that are barely even beginning to be admitted to, let alone investigated, let alone understood. Basically, as market forces attempt to do their thing, allocating price premiums to the better located land, the resulting prices for better located land are so far out of kilter with incomes and profits, as to act as a barrier to what was once natural redevelopment for more efficient purposes.

This is merely the effect of fringe land price increases consequent on urban limits and a bidding war between developers and speculators for the available land. But worse, all land becomes subject to speculative investment mania, especially the entire "stock" of existing family homes. This diverts investment away from capital, straining the other end of the incomes-versus-property-values rubber band.

Viola, you have a classic, highly volatile, bubble economy, in every city thus affected, and when every city in a country is affected, the whole country is a goner. The onset of environmentalism and global warming mania, leading to restrictions on urban development, is directly connected to the emergence of real-estate-based bubble economies all over the first world today.

Cities like Houston, Dallas, and Atlanta, with little restraint on fringe development, are where the future of the USA lies, while the once great powerhouses of the Pacific Coast, and New York, are on their way to being the next few Detroits. The question for the USA as a whole, is whether the solid, growing, hinterland cities will be able to carry the economic burden of these new "sickbed" cities.

The first world does not need carbon reductions schemes to speed up the transfer of industries and employment to China and India and developing countries. The watermelon "Greens" are already well on the way to their objective of killing off the "capitalist" first world, via the urban planning profession. Only the US hinterland cities, with their guns and religion, continue to hold out like a little Gaulish village surrounded by Roman military camps.

Iain Parker, you are always

Iain Parker, you are always interesting. Tell me, what good did Rob Muldoon do NZ, even if he saw through Chicago economics? In fact, have there ever been any politicians who saw through Chicago economics, who did any good to their countries economies?

I think you and I both see through Chicago economics, but I doubt we would go about defying Chicago economics in the way that Muldoon, or Cullen, or Carter, or Whitlam, or Callaghan, attempted to. Keynesianism is just the system that was a proven failure even before Chicago economics was. We go backwards to Keynesianism, not forwards.

Just posted an interesting paper

Just posted an interesting paper from the White House and one from the Manufacturers and Exporters on a similar theme.

Productivity flows from doing stuff not talking about it or hoping for property appreciation.

http://www.johnwalley.co.nz/75-white_house_manufacturing_epiphany.aspx

Phil, Private bankers adopted the

Phil,
Private bankers adopted the parts of Keynes that would suit their predatory lending pyramid scam, but left out the stabilisers that were suggested by him, including public credit, now when it has been exposed again as just another con job, they of course blame Keynes-Socialism, use it to drive the masses back into their clutches, driving the masses like a ball of bait fish in a deadly confused chaos:
http://publiccreditorbust.blog.com/2009/12/13/keynes-post-war-public-cre...

Rob Muldoon was suspicious of international high finance and IMF at the time of them getting their hooks into us in 61, he got sent on a three month scholarship to the good old US OF A, he got smoozed by their charms for a period until he realised that even in our best of years the commerce created never saw us gain on our debt servicing, he became especially vocal on behalf of the none oil producing nations in deficit after NZ had to accept even more structural adjustments from IMF after the wool shock of 67. Muldoon thought the think big projects would be that profitable it would be impossible for us to fall to the private bankers predatory lending trap, but I don't think even he realised how globally interconnected and sinister they were until the nations that issued us the loans lifted the tariffs against the products of the projects when they came on line, thus rendering our repayment efforts impossible and putting us into receivership. If not for us being scammed we would have been able to supply a lot of our own fuel and steel needs for a long while, instead we ended up selling those projects at firesale prices to multinational subsidiaries of the bankers who issued the loans and influenced the tariffs, a trick they have repeated many times in many countries.
http://publiccreditorbust.blog.com/2009/05/30/rob-muldoon-made-a-scapego...

Phil, heres two occasions in this nation alone where someone has seen through the private bankers scam and successfully implemented public credit to the benefit of the wider citizenship of NZ:

http://publiccreditorbust.blog.com/2009/05/30/new-zealands-third-governo...

http://publiccreditorbust.blog.com/2009/02/20/the-cheapest-interest-rate...

How about we have a competition to see who can pick the most of the members that are going to make up this Productivity Commission?

Rob Cameron
Bryce Wilkinson
Graham Scott
Don Brash
Ruth Richardson
Jenny Shipley
Rob Mcleod
Alex Sundakov
Arthur Crimes
Simon Allen
Lewis Evans
Judith Sloan
Roderick Deane
Mark Weldon
Bob Jones
Michael Faye
Pat Duigan
Glen Boyle
Wyatt Creech
Mary Holme
Richard Prebble
Rod Carr

I see Pat Duigan, Investment banker, has joined the London banker defender Mark Berry at the Commerce Commission as associate commissioner, they join Jane Diplock CEO Securities Commission, Nicki Crauford CEO NZ Directors Institute both with banking backgrounds, the white collar criminals will be shaking in their boots with their buddies at the helm, but no doubt they would claim who better to sort them out other than their own aye.

It is horrifying the pace and ease at which the bankers and their co-operatives are setting NZ up for another round of receivership induced asset sales, and those that think you are going to achieve anything by escaping abroad, you might as well stay and help stand up to them, because they have cordinated this thing on a scale and encompassing more nations at one time than any other time in history. Even our great neighbour has been there before and will go there again if something does not occur to stop them.
http://unpan1.un.org/intradoc/groups/public/documents/apcity/unpan005244...

The productivity crap is a

The productivity crap is a waste of money to please Hide and keep his nose a nice brown colour. Just another example to support an end to mmp. All that has come out of this silly system is the chance for political parties to rid themselves of the thorns in their sides. Instead of arguments over policy taking place in party meetings up and down the country, they now take place at our expense in Parliament and result in policy suffering from constipation.

I mean 'Governmen't with constipation...edit

I mean 'Governmen't with constipation...edit don't work for me.

Iain, 100% of your people

Iain,
100% of your people on the list wear high heels or a tie all day long - so not the right people to qualify for a "Productivity Commission".
I'm sure they don't have a clue what production means - setting up or supporting a proper NZ Manufacturing Industry.

Walter

Iain, don't fret the details,

Iain, don't fret the details, we all know its not going to work and will be a 'Job for the boys'
Ultimately its not the governments role to be creative or to be productive, they just don't get it. Productivity and innovation thrive in the right environment just like a rose. All they need to do is create a low regulated low cost environment and let the young minds get on with it. Its so simple that its impossible to believe that MP's dont see it.
One of the major stumbling blocks is high asset values, were our young and brightest get to spend their most productive years, laboring under a bloody great mortgage to overseas banks, due to the crazy value of assets like houses and farms or maybe they are liabilities now.
Its a topsy turvey world but i think the good ship NZ is about to go down with all hands on board, trying to bail us out with a tea cup isn,t going to do it.Its best just to make sure your life jacket fits snug and you have basic swimming up your sleeve.

Wally, the list I posted

Wally,
the list I posted is not one that I support, it is one that I think is going to resemble what we will get, which is going to be very worrying for the commoners on mainstreet.
These people are very good at productivity for themselves and not many else.

<b>Iain</b> : We are promised

Iain : We are promised that it will only cost $ 5 million per year . With a list of 20 of the " old lads " on the commission , a mere $ 250 000 each . Now there is value for munny .............. Better get back on the Hamster Wheel 'cos the bumper-sticker-boyz were hoping that ewed pay for this quango .

Ummmm , Walter ..........Whilst you

Ummmm , Walter ..........Whilst you are onto manufacturing , the remainder of the planet is moving up the technological ladder , away from paper-clips & rubber bands , and into the computer era ( it began 4 decades ago , but NZ is getting there ) . The KKKK ( Kunzie's Kaikoura Kuckoo Klocks ) is an admirable idea , but run it up the flag-pole whilst maintaing the day job !

Please read this in context after much Sauvignon Blanc & Crayfish .

skeepy,skeepy skeepy the bush kangarew

skeepy,skeepy
skeepy the bush kangarew

...just practicing

It maybe not all that

It maybe not all that flash in the Motherland, either. Just the start?...

"NATIONAL Australia Bank revealed yesterday that its $18.4 billion portfolio of troubled credit instruments had caused losses of $1.3 billion over the past two years...NAB ... expects the portfolio to take about eight years to wind down"

http://www.theage.com.au/business/nab-finally-reveals-13b-loss-20100316-...

So, if Iain's right, someone

So, if Iain's right, someone somewhere gets the 'boxed set'.

20 flunkies promised pork from

20 flunkies promised pork from Hide. Pork stolen from taxpayers or borrowed but pork all the bloody same.
29 other departments all of which provide productivity advice to stupid Ministers. Every one of them suggesting they have been super productive and deserving of bonus payments to go with the bloated salaries.
5 million down the bloody drain. Then it will become 10 million on the argument that 5 doesn't allow proper evaluation and because it gets to 10 million, the flunkies will demand higher salaries and more bloody bonuses. Out of sight of the blind poodle media the flunkies will convince a stupid fool in Cabinet to set the PC up in a new building. All this BS will be sold to the public as being of benefit to NZ.

<b>KWJ</b> : Hope it's the

KWJ : Hope it's the " boxed set " of Fourmyla . The full set of recordings , thanks ! That's the formula for our success , embracing the bits of Kiwi-ana that are original , home-grown , and betta than overseas products . We don't need to out compete Australia / Japan / PRC ............ Just successfully market the stuff wot we have always Dunne so well . Hokey Pokey !!!

P.S Having spent 16 years in Oz : " Skeepy skeepy / the bush kangaroo / skeepy skeepy / with sage and onions / a damn fine stew . "

Roger Thompson, You are aware

Roger Thompson,

You are aware of Paul Callaghan's (yes, the internationally famous nuclear physicist) "Beyond the Farm and Theme Park"; and "From Wool To Weta", are you? Basically, there is no wage-growth future in primary produce and tourism. There is a high correlation between LOW wages and the extent to which a country relies on these industries.

It takes a nuclear physicist working in his spare time, to point these things out to us all. Ironic. (Brilliant, brilliant man - have you met him?)

Sorry, that last post was

Sorry, that last post was reply to Walter, not Wally.
That list that I gave have run this country from behind the the diplomatic curtain for the last 30 odd years, for personal profit, in favour of foreign corporate raiders.
I believe what has made it so very easy for these treasonous foreign co-operatives to dominate is the fact that in most circumstances when questions are asked of our so-called public representatives they have to be told the questions beforehand, thus they then pass them on to academic central advisory agencies who then return the answers to be stated by our so-called representatives, thus our so-called representatives are only passing on the indoctrinated ideology of the bureaucracy and learning nothing for themselves. I believe this practice of alerting representatives as to what questions they are going to face should be stopped, then the less intelligent individuals would be exposed for just that and we would end up with a more knowledgable representative if they had to study themselves to be prepared for anything.

Another structural flaw in our

Another structural flaw in our political party system that allows a malicious few to control an entire party caucus is the concept of Collective Responsibility, where the top two or three figure heads set policy and unless you can garner the numbers to make a crack at the leadership you must under the conventions of collective responsibility support publically what you disagree with in private. Given that we dont have a written constitution, that is the house of representatives can not only make, amend and repeal law, but make; amend and repeal the laws under which they make the law - our constitution basically sits in what is known as the cabinet manual, thus everytime government changes in this nation the new cabinet executive(dominant figureheads) via collective responsibility can basically rewrite the psuedo constitution of the nation without consulting the people or the house of representatives, this is a power most dictators can only achieve at the point of a gun.
The serious conversation around the conditions that surround laws under which law is made in this nation is long over due, as the way it is currently structured leaves the back door wide open for foreign corporate raiding corruption.

<b>PhilBest</b> : Who ? Wot

PhilBest : Who ? Wot ? Met him ??? ..........ahhhhh , yup , many times , sure , oh yeah ........[ Wally / Walter / Les / St.Nick : someone : quick : who is this Paul Callaghan , and why is he a " Pukey Misogynist " ??? ]

He disagrees with David Lange's

He disagrees with David Lange's suggestion that "New Zealand's destiny is to be a Theme Park; Australia's a quarry". I'd be backing the late PM, at this stage of the game, given where the current one wants to take us!

Yass , love him or

Yass , love him or loathe him , Lord David Lange was an exceptional raconteur , a great judge of character ( he warned of " Taito " Philip Field , years ago ) , and a brilliant recruiter of secretaries / lap-tops . A true Kiwi guy , through-and-through . Bravo , DAVID ! ............ We are a " theme park " , aren't we . Better that than a hole-in-the-ground .

Lange was puppet dipshit who

Lange was puppet dipshit who realised to late he was just that.
Jim Bolger is another, after being hoodwinked by Ruth Richardson and her treasury guru's, he too realised to late just what he had been the face of, in recent times he has tried to redeem himself, acting in the national interest over foreign corporate raiders, he recently said that one of his biggest regrets in politics was having not read - The Ascent Of Money - before having entered politics, hence he has gone the same way as ex Commerce Commission Ceo Paula Rebstock, for the same reason.

You'll further your arguments much

You'll further your arguments much better with those of us who take the time to read them, Iain, without reducing yourself to profanity.

Roger - you have the

Roger - you have the memory of a goldfish, last link in comment here:

http://www.interest.co.nz/ratesblog/index.php/2009/04/15/opinion-how-tou...

Discuss.

Cheers, Les.

Reminds me of the time

Reminds me of the time I phoned Bill Hamilton of the Human Rights Commission Treaty of Waitangi department, they had been holding symposiums around the country, of which I had attended a number, at the time many resources such as the govt Treaty website had just been set up, many of these resources were completely devoid of any mention of pre European Maori slave culture or Musket War period of NZ history prior to the treaty when Maori committed henous atrocities against each other causing casualties that exceeded the collective total of casualties suffered in all conflicts NZ has been involved in since, I rang Bill Hamilton to point out that if the whole truth is not told on all sides, all the money in the world is not going to bring about longterm stable reconciliation as the young peoples from either side, having not been told the whole truth, will still hold grudges, during the conversation I was reffering to Bill as "Mate", I had my speil nearly finished when he said " you keep refering to me as your mate when I dont even know you and I find it threatening", the conversation then turned into me assuring him I meant him no harm, that I know as much of what the elites of this country were also hiding, him then telling me that at the beginning accuracy of information at the symposiums is not as crucial as Maori having a say for the first time in a longtime, right about then I thought to myself "what chance do we really have?", Nicholas, after reading that little PC paddling those thoughts entered my head once more.

National Radio had a report

National Radio had a report on the state of Ireland after it has now been hollowed and gutted by John Key's Merril Lynch and their banker frat buddies, a very saddening state of affairs, just when the reporter seems very switched onto, he states at the very end it won't happen in NZ because we have better regulation, I totally disagree:

http://www.radionz.co.nz/podcasts/insight.rss

and the right honourable John Key having been a major contributing part in the social destruction of Ireland, now is looking to set up the next money laundering tax haven for his banker frat buddies:

"National MP John Key gets a gleam in his eye when he starts talking about New Zealand becoming the "Jersey of the South Pacific".

"Why not have an offshore banking industry based here?" he asks.

"In the right conditions you could attract 200 banks to register here - each with a CEO and staff. You could attract insurance companies. Bring back lots of Kiwi accountants and lawyers. Single out clusters - such as high-class yachts - or other special sectors as the Irish did."
---------------

I say "No" to that, lets study all past public credit systems, examine and cherry pick from all current suggestions and move NZ into a different stage as the worlds social experiment, in a different direction, with different advisors:
http://www.google.co.nz/search?hl=en&safe=active&rlz=1T4GGLJ_en-GB___NZ3...

jeez 28/29...halfway to 58...hope you

jeez 28/29...halfway to 58...hope you don't expect the pension to still exists when you get there!
The NZPC will be hamstrung by the very pollies who set it up...it's a sop to Act.... Not and act to bring needed change.
If that were the case, the govt would be cutting back a funding % in each of the 29 departments that have until now, so we are told, supplied productivity advice to Ministers.
After all, going by the economy, the advice has either not existed, or been useless, or it has been ignored by Ministers who knew better!

Hey, you guys in the

Hey, you guys in the NPC, here's a new problem, you better get onto it quick:

http://www.stuff.co.nz/business/3483560/Brain-drain-must-be-plugged-with...

So, what's your game plan guys?

Oh, they same old crap, with slighty different wrapping. Guess what then, this won't change, because YOU seem incapable of change.

Dismal.

"MasterCard Worldwide economic adviser"....coming to

"MasterCard Worldwide economic adviser"....coming to a community near you....run like hell boys...hide Hide quick....mind the flimflam....he's selling credit!....

Paul Callaghan points out that

Paul Callaghan points out that the USA has around ten times as many companies PER CAPITA, with average wages over $100,000, as NZ does. The reason? Technology.

David Lange's point about the theme park might not be too bad if he was talking about WETA industries. Yet the whole logic behind even that, is flawed. We subsidise "Wellywood" on the basis that it earns NZ international recognition; for what? So we can have more jobs as waitresses and tour coach drivers?

What we actually need, is to duplicate RAKON many times over.

Here is the New York Times pointing out that even China is now a "High Tech" R@D industry destination.

http://www.nytimes.com/2010/03/18/business/global/18research.html?pagewa...

NZ?

Missed.
The.
Boat.

To better understand why I

To better understand why I called David Lange a dipshit, toggle down toward the bottom of below article to:
Helen - Portrait Of A Prime Minister - by Brian Edwards - Published 2001
http://publiccreditorbust.blog.com/2009/05/30/how-the-bankers-conquered-...

or even better read the whole thing, it also contains excerpts of Brian Edwards interveiwing David Lange, I believe its quite possible he worried himself to death after he realised what he had been part of.

www.onlineuniversalwork.com