Economically this country is built upon two essential pillars, stealing land from Māori and never paying it back and exploiting low wage migrant labour. Are you horrified at how addicted NZ is to a low wage economy? We are addicted to a low wage economy because 30 years of neoliberalism has gutted the union movement. What if that tsunami of inflation was distributed to the deepest, darkest most de-unionised supply chains in China and that Covid and geopolitical tensions have snapped free market just in time supply chains to just in case supply chains which sharply import inflation? What if the global supply chains that have kept the tsunami of hyper inflationary pressures away from the West have actually ruptured?


Source:   New Zealand Herald
November 11, 2022 03:11 UTC