Politics 🗳️ NZ Politics

Worried2Death said:

Devastated the whole sector really didn't it.

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MrFrankWhite said:

Australia is the same. 75% of all new jobs public sector jobs. NDIS is about to bankrupt us

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Worried2Death said:

Aussie's going down the gurgler too. Why don't you come back and help us then Sarge, what do we do first to get the country going, besides blowing up Christchurch and abandoning it as a bad idea

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Warriorsfan92 said:

Just withdrew all my $ from the nz stock market and into the US/international.

Zero innovation, minimal tech, no growth, no inspiration. Banking stocks, dairy, energy. I know the stock market doesn’t equate to the economy but it would be awesome to see some innovation in nz.

Probably be a way to retain more kiwis, especially the young professionals heading overseas in their droves.

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Warriorsfan92 said:

Just withdrew all my $ from the nz stock market and into the US/international.

Zero innovation, minimal tech, no growth, no inspiration. Banking stocks, dairy, energy. I know the stock market doesn’t equate to the economy but it would be awesome to see some innovation in nz.

Probably be a way to retain more kiwis, especially the young professionals heading overseas in their droves.

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kos said:

Geez that’s a bit out there.
Pulled the whole lot out of Nz?
The Trump factor for Usa stocks is an unknown known.
Surely Ryman Healthcare is still doing well?

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Bay39er said:

RYM an all time high of $17 now $4.40

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kos said:

Geez that’s a bit out there.
Pulled the whole lot out of Nz?
The Trump factor for Usa stocks is an unknown known.
Surely Ryman Healthcare is still doing well?

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Noitall said:

Tourism is a big sector that will get back to where it was. It’s good too in the sense of no substitute for the experience and that will never not be the reality unless travel becomes viewed through a headset in your lounge? That’s the case for the pacific as a region I reckon. The challenges with that are suitable infrastructure and accommodation to be able to accommodate to visitors, and creating an experience coupled with the beauty of our country to attract many

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kos said:

Wow that’s crook.

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Worried2Death said:

Which industries do you think we should throw all our resources at to achieve better GDP? What's stopping us mass producing value-added timber products like IKEA, economies of scale and distance from markets?
Agree about aunty Helen's knowledge-based economy, best idea since Think Big.

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wizard of Tauranga said:

Being in tourism; some long standing knowledgeable people I’ve talked to are concerned if we will get back to what we were.

EVERY country wants tourism and are investing a lot to make great destinations and experiences. The worldwide competition for tourists is fierce.

NZ has its natural advantages but many places also can compete nature wise and are investing in it. We had our adventure tourism but it’s copied everywhere else now and isn’t unique.

We’re seen as far away and very expensive.

Because of this (and the kickback when we were overrun with tourists everywhere pissing at the side of the road) we’ve gone more high quality, low quantity. It’s sort of backfired as we struggle to have the high end investment and people to provide a world class experience.

Tourism will bounce back but I wouldn’t pin all our hopes on it.

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Noitall said:

There’s been many aspects we’ve benefited in regards to tourism. All Blacks, Lord of the rings, one of the few countries you can be from mountain to surf within an hour, Cultural experience, Sailing, and the list goes on and will continue to evolve for reasons to visit. Where we are going to drive visitors away is we’re being viewed as too expensive

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Warriorsfan92 said:

Nz stocks been stagnant for 5 years. Up 12% since 2019. S&P, 85%. But I pay close attention to the stuff, anyway sidetracking from politics a bit, but the point of the post was we need a tech sector here, or some tech innovation. That’s where the bulk of the $ lies for the future.

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wizard of Tauranga said:

Exactly. Every country is unique and we’ve got a lot going for us. But it still comes down to value for money and competing with other potential destinations.

You’re right about the quality of accomodation and experiences lacking for the high end.

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wizard of Tauranga said:

Being in tourism; some long standing knowledgeable people I’ve talked to are concerned if we will get back to what we were.

EVERY country wants tourism and are investing a lot to make great destinations and experiences. The worldwide competition for tourists is fierce.

NZ has its natural advantages but many places also can compete nature wise and are investing in it. We had our adventure tourism but it’s copied everywhere else now and isn’t unique.

We’re seen as far away and very expensive.

Because of this (and the kickback when we were overrun with tourists everywhere pissing at the side of the road) we’ve gone more high quality, low quantity. It’s sort of backfired as we struggle to have the high end investment and people to provide a world class experience.

Tourism will bounce back but I wouldn’t pin all our hopes on it.

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Inruin said:

I sometimes feel like we have bluffed the world. Clean and green, friendly people, safe etc etc. there are some pristine areas, maybe because few people live there but get to a population and it's not so pretty. Recent crime statistics and the Grace Millane case pulled the covers off the safe perception. I think the general population don't appreciate the dollars tourism brings in and the impact individuals can have on it.

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wizard of Tauranga said:

Nobody can pick winners.

Our strengths: are
- a huge land mass (relative to people)
- excellent growing conditions
- highly skilled workers

My picks would be:
- ramp up primary produce (quality food products). Become world leaders. More animals per hectare (sorry greenies it’s our livelihood). Organic. Use genetic engineering to reduce emissions. More agriculture; aquaculture; etc
- resources due to our volcanic resource rich land and huge area
- export education again
- niche manufacturing and creating brands (particularly around food - zespri, Fonterra)
- creating brands leveraging anything uniquely kiwi based using our primary products (more attempted allbirds type brands)
- leverage off Peter Jackson’s weta success - films and special effects.

I think high tech sector will be hit and miss. You need economies of scale and tech hubs to feed off each other. It’s just so hard here.

But underpinning it all we need a can do kiwi attitude!

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kos said:

Explain why Fonterra are selling off their consumer brands

I find that one bizarre

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