What the OECD has prescribed is not radical New Right theory, nor is it a
neo-liberal prescription, nor is it the line-up of usual suspects, or any of the
other Pavlovian responses which jump up whenever outsiders attempt to forge
debate on just how New Zealand's lagging performance might be enhanced to get
ourselves out of the cul de sac into which the Labour Government parked the
All the Paris-based organisation has done is come up with solutions to
some of New Zealand's short-medium term fiscal problems such as cutting
spending, selling mature assets to reduce debt and free up capital for new
investment, and increasing the revenue line.
This is bog standard stuff for New Zealand companies right now as they get
their balance sheets into order to withstand the international recession. Why
should it be any different for Governments if they are to match the
international norms necessary to attract top-flight investment capital and
secure the retention of our own best companies and talent?
Labour's cul len de sac. It wouldn't be so bad if he had parked up a Rolls Royce but all we've got is a clapped out Corolla, with bald tyres, on tick to a finance company. While the driver has hitched a lift with a NZ Post truck and dun a runna.
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