“[Economist Cameron] Bagrie’s central diagnosis is that New Zealand’s form of capitalism has become fundamentally unproductive, addicted to an asset class that creates the illusion of wealth without generating real economic value. As he bluntly puts it, 'You do not get wealthy selling more expensive houses to each other'."

#BryceEdwards, 2025

https://theintegrityinstitute.substack.com/p/integrity-briefing-are-business-leaders

#housing #EconomicDevelopment

"So far, the oil proceeds have not led to significant diversification of the Timorese economy, or to much in the way of private sector development. Successive Timor-Leste governments have pinned their hopes on the Greater Sunrise liquefied natural gas field — estimated to have a potential worth of over US$33 billion— as the country’s economic saviour."

#GordonCampbell, 2025

https://www.scoop.co.nz/stories/HL2510/S00066/on-labours-cgt-the-governments-mean-spirit-and-timor-lestes-future.htm

(1/2)

#TimorLeste #FossilFuels #EconomicDevelopment