Nationals determination to roll back the state was in itself largely responsible for the economic and social problems of the 1990s. By slashing pensions and benefits, withdrawing protection from local manufacturers and the like, government had deflated the domestic economy, creating an artificial and avoidable depression at home even though exports were booming. They argued that even if there were signs of recovery and growth in the economy, these had been bought at the expense of the working classes. If we were able to export competitively and attract overseas manufacturers, it was because local wage levels had been pushed down to the poverty line. Beatson, P 1998, p103. The Enterprise State: 1984-Present - Third world wages in a growing economy.
Posted on: Tue, 16 Sep 2014 11:00:13 +0000
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