Smart Green Economics

Smart Green Economics Proposed for New Zealand

Jan 30, 2011 - "Smart Green economics" is the Green Party's answer to the lack of regulation and out-dated economic proposals put forward for New Zealand

Smart Green economics is the Green Party’s solution for the New Zealand economy.

The neo-liberal economic model has suffered a catastrophic collapse, said Green Party co-leader, Dr Russel Norman in his annual Picnic for the Planet address in Auckland today, (30th January 2011).

“We have witnessed market failure on a colossal global scale. Lack of regulation has cost taxpayers trillions of dollars,” he told his audience of more than 300 party members. “We have been forced to relearn the lesson of the 1930s - markets need regulating.”

Leaky Homes Disaster

“Not that New Zealanders really needed to be told - we've been through the leaky homes disaster. The National Party's decision to deregulate the building industry in the early 1990s resulted in leaky homes that will cost our country more than $20 billion to repair - that's more than five times the cost of the Canterbury earthquake.”

The leaky homes fiasco and the global financial collapse were both due to lack of regulation driven by the neo-liberal economic ideology, said Dr Norman.

The old order is dying, but what will replace it, he asked. {continued}