The kind of austerity budget championed by zealots like Ruthenasia Richardson is the economic equivalent of extracting blood from a hemorrhaging patient. Fiscal bloodletting can only make the situation worse. As I thought we learned from the Great Depression.
(4/4)
"Ocean Yu, director of popular Cantonese outlet Star Cafe Seafood Restaurant, said he had made the painful decision to close his restaurant on the North Shore on 30 September after six years of business.
Yu said the end of the lease and a sharp decline in customers from 2023 were key reasons behind the closure."
#DuoyaLu, 2025
https://www.rnz.co.nz/news/chinese/575852/auckland-s-yum-cha-restaurants-running-out-of-steam
For reasons given in my economics rant yesterday, I doubt it's a coincidence that this downturn coincides with the new government's first term.