News Article: NZ’s barriers to economic growth: short-term thinking, political concentration and policy flip-flops

‍Most difficult perhaps is finding a way to override entrenched economic interests with a vested interest in the status quo.

For example, while there is widespread support for a capital gains tax in New Zealand, implementing one has proven out of political reach.

This is likely due, in part, to the oversized role that property plays in our economy, but also because we lack consensus-forging institutions through which to channel a will to change.



NZ’s barriers to economic growth: short-term thinking, political concentration and policy flip-flops

A lack of political consensus on New Zealand’s economic growth strategy, along with a misunderstanding of what actually drives growth, is holding the country back.

theconversation.com