In New Zealand, we have gone from a country that produced electricity with internationally competitive pricing, electricity that was available, affordable and was an attractive incentive to new businesses. Now we face unaffordable pricing that is causing business closures.
The moral argument for free markets is backed by solid evidence.
Energy costs are rising so fast in Australia, it’s less expensive to dig up rocks, put them on ships, and send them 6,000 kilometers to China to smelt the steel with our own coal, and then ship the widgets right back to us.
The ban will no doubt be a windfall for some. But for millions of Nigerians, it could be devastating.
This moment is devastating for the traditional medical establishment and for the pharmaceutical industry. It validates the growing suspicion that profit often outweighs public good and raises a larger question: what other risks remain hidden.
When bank capital requirements are excessive, the real victims are New Zealand borrowers. The banks themselves will adapt. But borrowers will face higher costs and constrained credit.
You don’t fight poverty by punishing wealth.
The video received massive backlash, prompting Rip Curl Women to pull the ad just days later.
The survey offered grassroots New Zealand farmers a chance to have their say on 10 questions focused on ruminant methane and the economic impact of the Paris Accord on both farming businesses and the broader economy.
Wealth only has long-term value when it is combined with the entrepreneur’s knowledge, skills, time, risk-taking, and co-ordination.
Would you employ someone who danced and celebrated the assassination of someone, even if you didn’t like the person who was assassinated? These people have caused actual harm – to their employers, to public trust and to basic decency. The consequences are on them.
