"Jacindamania": Labor Takes Over New Zealand, New Gov't Blasts Capitalism, Promises to End Poverty

Mish

Ah yes, a pledge to end poverty. Where have we heard that before? The latest promise comes from Jacinda Ardern, New Zealand's newest prime minister. Labor came in 2nd place in the Sept 23 election but a coalition of Greens and NZ First led to the minority Labour-led government yesterday.

'I've Got What it Takes ' says Jacinda Ardern, New Zealand's newest prime minister.

Then a quick blast at capitalism and a promise to end childhood poverty, she proves she doesn't. Regardless, here are the numbers that put Ardern in charge.

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The Guardian reports Jacinda Ardern to be New Zealand's next PM after Labour Coalition Deal.

Jacinda Ardern has said she is “privileged and humbled” to become New Zealand’s next prime minister 26 days after the country’s electorate cast their votes.

At an eagerly awaited press conference on Thursday, the kingmaker Winston Peters announced that his New Zealand First party would throw its support behind Ardern’s Labour party.

This will allow Labour to form a coalition government with NZ First, along with the backing of the Green party, which means Ardern, 37, becomes New Zealand’s third female prime minister.

After an agonizing day of waiting Peters announced he would support Labour because the global environment was undergoing rapid and seismic change, and he believed a Labour government was best-placed to handle the social and economic welfare of New Zealanders.

“For too many New Zealanders capitalism has not been their friend but their foe, ” Peters said, claiming vulnerable New Zealanders had been left behind while the political elite got richer.

Ardern said Peters was considering whether to accept the role of deputy prime minister, which she had offered him.

"Jacindamania"

Her personal popularity and the huge crowds she drew around the country was hailed “Jacindamania”, and she was compared to rock-star politicians such as Barack Obama and Justin Trudeau.

A Labour government has pledged to wipe out child poverty, make tertiary education free, reduce immigration by 20,000-30,000, decriminalise abortion, introduce a water tax and make all rivers swimmable within 10 years.

Promise of Free Stuff

On January 8, 1964, president Lyndon Johnson declared an Unconditional War on Poverty. As everone knows, Johnson did not end poverty and the bill is still mounting.

With “Jacindamania”, we have yet another politician promising "free stuff". Just wait till the bill comes in.

Mike "Mish" Shedlock

Comments (20)
WildBull
WildBull

The promise of free stuff,... er ... other people's money taken a gunpoint

Tony_CA
Tony_CA

Yes, we should only provide free to money to large multi-national companies.

Bam_Man
Bam_Man

Everyone will be a billionaire, Zimbabwe-style.

Maximus_Minimus
Maximus_Minimus

Democracy is eating it's children.

WildBull
WildBull

Tony, We should not provide free money to anyone. Once you decouple work, risk and reward everything goes to S#!T. Oh, yeah ... Socialism in cahoots with big banks and business -- Fascism. Seems to be the direction the West is headed in.

WildBull
WildBull

Tony, We should not provide free money to anyone. Once you decouple work, risk and reward everything goes to S#!T. Oh, yeah ... Socialism in cahoots with big banks and business -- Fascism. Seems to be the direction the West is headed in.

WildBull
WildBull

Tony, We should not provide free money to anyone. Once you decouple work, risk and reward everything goes to S#!T. Oh, yeah ... Socialism in cahoots with big banks and business -- Fascism. Seems to be the direction the West is headed in.

WildBull
WildBull

Tony, We should not provide free money to anyone. Once you decouple work, risk and reward everything goes to S#!T. Oh, yeah ... Socialism in cahoots with big banks and business -- Fascism. Seems to be the direction the West is headed in.

Tony_CA
Tony_CA

I was joking regarding providing free money to large companies. Unfortunately, that is what we are doing today.

Tony_CA
Tony_CA

The issue in the long is work as we know it will no longer exist.

RB2
RB2

Socialist millenarian nonsense. 'Workers arise and unite. Rich off our backs. Rentiers throw off your chains.' More like thievery across the SES.

abend237-04
abend237-04

It's always easy to lead the ignorant where they already want to go, Socialist Nirvana. It's the road there, always strewn with death, poverty and disappointment that's the problem, but this latest road is marked by a pretty girl, so I'm sure it'll be OK this time.

2banana
2banana

Well, she got something right..."reduce immigration by 20,000-30,000"

Realist
Realist

She certainly has some room to play with. Govt debt to GDP ratios; NZ 38%, US 106%. Four years from now, they will both probably be up a few more percentage points. It doesn't seem to matter which party governs these days. Left, right, centre. Not much difference.

whirlaway
whirlaway

Trickle-down economics will end poverty. Ah, where have we heard THAT before?!

whirlaway
whirlaway

"On January 8, 1964, president Lyndon Johnson declared an Unconditional War on Poverty. As everone (sic) knows, Johnson did not end poverty and the bill is still mounting."

The poverty rate was near 20% in 1964. By the early 1970s, it had gone down to below 12%. After trickle-down started, it started going up and has been hovering around 15% since.

opusnz
opusnz

If you read the NZ Herald newspaper, you would see how socialist the commentary in NZ has become.

Sidharth
Sidharth

I think we should teach this lesson in school: The only person interested in you is yourself. If you are poor, only you can pull yourself out of poverty. Nobody else has any incentive to fix your issues. Corollary: beware of any fraudster wanting to fix your problem.

Tony_CA
Tony_CA

I hate to break it to everyone, but Capitalism is on they way out. I'm not sure where we are heading.


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