By Chris at www.CapitalistExploits.at
A woman with far too large teeth tells us she's going to implement "wellbeing economics".
None of this fluffy growth or real income levels... or purchasing power. Nah! Real solid stuff like how we all "feel" about each other. It's out of the pages of a book that includes stories about unicorns and princesses and noble knights.
Meet Jacinda Ardern, the new Prime Minister of Mordor. Just to be sure I wanted to know if we were on the same page, so I was diligent enough to look it up.
well-being
wɛlˈbiːɪŋ/
noun
noun: wellbeing
the state of being comfortable, healthy, or happy.
Being fond of wellbeing myself, I'm eager to know more. Let's take a look, shall we?
Here's a sampling of her party's policies in no particular order.
For starters, she and her tribe are worried about the price of New Zealand real estate. No isht, me too! Heck, I wrote all about it before. Maybe, I thought to myself, she's onto something.
How, I asked myself, is she going to tackle a problem that's actually structural in the eurodollar market — a market, by the way, which she has influence over in the same way you and I've influence over gravity. This ought to be tricky. How is she going to tackle this, I wondered?
As it turns out, she's decided to do the equivalent of yell at the coffee cup for falling to the floor. Because that's clearly how you defeat gravity.
We are determined to make it easier for Kiwis to buy their first home so we are stopping foreign speculators buying houses and driving up prices. Kiwis should not be outbid like this.
Let me get this straight.
She'll ban foreign nationals from buying real estate. Ok, I can see some sense in that. Sort of. You know, from a juvenile "everything is a nail if I have a hammer" perspective, and so I look to see what impact this is likely to have on that housing market.
Infometrics, a reliable data source, tells us that a whopping 3.1 per cent of buyers nationally account for foreign buying. No... surely she actually looked at the numbers before yelling to the rest of the world, "Hey, look over here! We're going full retard Karl Marx on your ass, so watch out!"
But you'd be as wrong as Miley Cyrus swinging naked on a wrecking ball, because either she's just pandering to ill informed (most everyone) voters or she's a few sandwiches short of a picnic. Maybe both.
She's the PM of New Zealand now, so she'd have been informed about a few things. Things like the trade deficit and how it gets balanced with FDI (foreign direct investment).
I hate to have to point out the obvious but when you enact policies that scare away foreign capital, it... um... gets scared away. As my teenage son would say, "You know, like... duh!" What else?
Aside from scaring away FDI she's decided to be more... ahem... "kind".
Currently, those from the Cook Islands, Niue, and Tokelau are entitled to the New Zealand pension if they've lived and worked in New Zealand for 10 years after the age of 20, and spent another five years doing so once they have turned 50.
That is, indeed, very kind. She's clearly got a lot of money to throw around. Is she secretly Mark Zuckerberg's mistress?
Why no, she's actually piss poor herself, and so it'll have to come from "someone else". Or borrowing. Or both.
And you may say, "Whoah Chris, how did such a lovely place filled with shiny happy people go about voting in a 37-year old whose credentials amount to being a DJ who tweets motivational hashtags?"
And I'd throw the question back at you and say, "Hah, Germany has Merkel and the US an ill tempered, petulant man-child who now has a big hammer. And don't you get me started on the UK. Well they don't even have anyone. Unless that funny looking hag, May, is actually leading anything at the moment. Still, things could be worse for them. They could actually get Corbyn."
But the real answer is a story stranger than fiction, because while we can point and laugh at the electorate elsewhere in the world (though, in truth, the poor yanks had a face off between a crook and a jerk, which... let's face it... was, as Julian Assange stated, "Like choosing between syphilis and gonorrhoea").
But in Mordor they didn't actually vote in "big teeth".
By a particularly screwed up set of voodoo magic called MMP whereby minority parties actually get a greater proportional vote the entire country voted "not Jacinda"... but then got her anyway. If it all sounds loony, that's because it is.
And when the rest of the world saw this go down the gut reaction was to sell.
http://www.zerohedge.com/news/2018-03-11/hands-who-wants-be-long-crazy
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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