New Zealand has another political party – the New Economics Party.
. . . Our philosophy is that Earth is for sharing, so owners of private land and its resources must pay an annual rent to the public for the privilege, instead of having their earned income confiscated by government. . .
Our solutions will go a long way to tackling resource depletion, climate change, environmental damage, unemployment and poverty, while at the same time unleashing the human creativity and entrepreneurial spirit required to meet the big challenges ahead.
We will change the way money is created. The current interest-bearing debt money system drives the world-devouring engine of perpetual growth, transfers wealth from the poor to the rich and causes growing debt, instability and environmental harm. The profit making bank createdimoney (sic) system we live with is a monoculture that causes people to behave competitively in a dog-eat-dog world. We want multiple currencies co-existing. Until we change the money system we change nothing. Change it and you help all of the above including climate change. . .
That sounds like strange economics to me.
The party’s first campaign is going to be against the Trans Pacific Partnership:
The fledgling New Economics Party co-founded by Otaki woman Deirdre Kent has decided that its first campaign is to help fight the Transpacific Partnership Agreement (TPPA).
“We came to the conclusion on Sunday that almost all the policy we have on our books will be illegal if the TPPA is signed,” said Deirdre Kent. “Under the TPPA a government doing what we recommend would be sued for millions of dollars by multinational companies.”
“It looks as though foreign banks, insurance companies and money traders are to be given more powers to challenge laws designed to prevent another financial crisis. There will probably be no possibility of capital controls and no chance to bring in the domestic-only land-backed New Zealand currency we are working on”, she said. . .
Goodness knows where they get that interpretation of the TPP from.
The TPP as it stands isn’t perfect which is why it’s up for negotiation rather than being a fait accompli.
But if negotiations are successful it will open borders to the benefit of consumers and producers.
The people with the most to gain from that are the poor who face fewer choices and are less able to pay higher prices which result from protectionism and import restrictions.