Originally Posted by
Toddy
I would argue that Socialism was only partly to blame.
I think the real drain on capital was more likely caused by the Greenies and little old NZ trying to save the world. The rules and regulations forced upon our major economic driver farming, mining, oil and gas, wastage of money on cycle lanes, slowing down traffic with speed limits etc. I could go on.
We can bend to the left easily enough a small bit, but to enforce regulation preventing progress and scaring away capital is the best way to make NZ poor.