Posts by George Darroch

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  • Hard News: Mac Ouch,

    George, how do you suggest we set the rate for the NZ currency? By government fiat, with the rate determined by whether farmers or Mac buyers currently have the ear of government?

    I'm suggesting no such thing. It was before my time, but I have a strong impression of the postwar and Muldoon era, and how that caused a great deal of frustration and hardship.

    I do think however that the Government could impose limits on very large transactions. A large company converting (say) over $1million would simply have to register the transaction with the Government, and this could be done in a non-intrusive way. Those who do this commercially for companies would have no problems, but those who simply gamble money (as they do quite openly and obviously now) would find themselves shut out. No system is perfect, and there might be some issues to be resolved in my proposal, but I stand by my statement that the current system harms the NZ economy, perhaps significantly.

    Given that NZ is run by a currency trader at the moment, I don't think that we're likely to see this given any serious consideration before 2011, but opposition parties should consider it.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • Hard News: Mac Ouch,

    Can we ban the currency speculators already? I'm actually quite serious about this.

    The dollar bounces unpredictably in a USD .40 - .85 range and it hurts the economy in serious ways. Exporters and importers can't plan ahead properly (unless they're able to hedge currency - another expense, and one that's difficult for small businesses). It means that people are more cautious about investing, because what they're about to spend on might suddenly become dramatically cheaper or more expensive, and they would have wasted large amounts of money.

    The NZD is one of the 12 most traded currencies in the world - far in excess of the size of NZ economically. Basically, rich men are using our dollar to make money. And we pay the price.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • Hard News: The Casino,

    There's been talk above about how Sky City and casinos are just harmless fun. You pays your money, you haves your fun, and you walk out at the end of the night.

    I don't think that the pokies, and the rest of Sky City would be much of a moral hazard if there weren't real consequences however. That is real money that people are handing over, and for too many it is the loss of money that means suffering in other areas of their lives. And that, essentially is the problem. Hundreds of dollars. You'd have to drink a lot of alcohol, or start taking regular hits of P to get that far into your finances - and society would recognise that as a problem.

    The problem for Sky City and the places that rely on pokies is that their entire business model revolves around people spending lots of money - if they ran things so people felt good after only spending $20-30 they'd go bankrupt. Compare that to a bar, where most people are having a good time after spending the same amount, and there is no comparison.

    This isn't about wowserism. This is about the fact that there's comparatively so little pleasure derived for such a lot of social harm.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • OnPoint: Two wallops of wonk, with a…,

    I don't think the Prime Minister has gone far enough. These are radical times, and we are a nation of DOers.

    I want him to suggest a 2 day working week, with the other 3 days paid for by the Government. That way, we could reduce productive capacity and no-one would be worse off.

    It takes a bold man to say these things. And that man is John Key. Can you imagine Helen Clark introducing the 2 day working week, for example? There is no comparison.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • OnPoint: Two wallops of wonk, with a…,

    Here's an idea. The Government nationalises all housing. That way, people will be able to take cuts of 2-3 days per week, not having to pay rent or mortgages.

    Problem solved, right?

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • OnPoint: Two wallops of wonk, with a…,

    Jeebus Cyst, George... Is there a Godwin's Law of Klan References?

    That was a Godwinable offence. I'm pleading guilty in the hope of diversion.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • OnPoint: Two wallops of wonk, with a…,

    I hear that everyone other than rich white men are woefully underrepresented. Is this in fact true, and did you have to disguise yourself by donning a white hood to enter the room?

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • Hard News: The strange story arc,

    but surely the subject matter has nothing to do with "dramatic fiction"?

    Given that it's about the work of tabloid "news"papers, it has everything to do with dramatic fiction.

    Fictional forms infect all sorts of material for better or worse, and use the same narrative devices and characters. Some argue that we're wired that way, others simply that adapting non-fiction to these forms reads better, and others that it is just laziness on part of the author.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • Hard News: The strange story arc,

    Not bad coverage for a small club.

    The NZ CTU represents around 300,000 members, so it's certainly representing some people, even if it can't claim to represent all. The unions are doing ok, as well as you'd expect given the circumstances (they didn't exactly all their wishes given in the last 9 years).

    But as Graeme notes, they're well down on their heydays.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

  • Speaker: Surviving Small,

    I'm not a small business person and this doesn't normally excite my attention, but I will congratulate you for hosting this. It's just the kind of debate we need right now.

    The People's Republic of … • Since Nov 2006 • 2138 posts Report Reply

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