When the Facts Change
by The Spinoff
April 9, 2021 12:00 am
Hosted by journalist Bernard Hickey, When the Facts Change is your essential weekly guide to the intersection of economics, business and politics in Aotearoa New Zealand. Created by The Spinoff together with Kiwibank.
This week we’re talking about global capitalism, and how it’s in danger of destroying itself from the inside out. The concept is known as a “doom loop”: as the economy grows, those who own all the assets get more and more, those who don’t get poorer and poorer, and as a result growth slows as the machine grinds to a halt. And the key to stopping this doom loop lies in addressing inequality and productivity. To explore this idea and how it affects New Zealand, Bernard Hickey talks to the Productivity Commission’s Ganesh Nana and Council of Trade Unions economist Craig Renney.
When the Facts Change is brought to you by The Spinoff Podcast Network together with Kiwibank.
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