Oil shocks, stagflation – New Zealand in the 1970’s
“Those who don’t know history are doomed to repeat it.” ― Edmund Burke I watched a documentary from New Zealand television from the 1990’s which covered the lead-up to the neoliberal “Rogernomics” reforms of the mid and late-1980’s. It made a one sentence allusion to New Zealand deciding how to spend its surplus from its trade with Britain in the 1960’s and painting the orthodox picture that there was “no alternatives” to the reforms that tore the country apart. On the…
