Neoliberalism is Nasty

If we learn nothing else from the TPP debacle, it is that Neoliberalism is nasty. And its proponents are hypocrites.

One of the main sticking points in TPP negotiations now is the protection period, that’s right, protection period, on the use of clinical data behind the approval of new biological drugs. One would assume the TPP would be arguing for little or no protection period. After all, it is about removing barriers to trade; we are told so, repeatedly. But no, the proposed 12 year protection period is at least double what most of the signatory countries now have. The TPP is surely not about free trade. Continue reading

New Zealand Needs More Cooperatives Not More Corporations

Does New Zealand really need more multinational corporations and mega-wealthy people setting up shop here?

The government’s recently announced plans to develop ‘the New Zealand Investment Attraction Strategy’ with the aim of attracting multinational corporations and wealthy entrepreneurs to New Zealand is hardly innovative thinking. The idea that our future prosperity depends on convincing the very wealthy to live here and multinationals to relocate their research and development facilities here is a slap in the face to local innovators and businesses. And to universities and government research centres that struggle for funding. Also ironic, given the billions of dollars in our superannuation fund, ACC funds, and Kiwisaver scheme which are largely invested overseas. Continue reading