The terms ‘social’ and ‘investment’ are an unlikely combination. Proof economists have crossed the final frontier and sallied forth with their spreadsheets into social services. Social investment means, “investment to achieve better long-term results for people and helping them to become more independent. This reduces the number of New Zealanders relying on social services and the overall costs for taxpayers” (Treasury briefing paper on social investment 2016).
To be blunt, the social investment approach is too narrow and too nasty. It involves too much invasion of privacy, too much blame, too much resentment about sharing our collective wealth for our collective benefit. And it paves the way for government-funded social service delivery to be just another profit-making opportunity for overseas corporations. Continue reading