Tony Alexander

Economic Commentaries

What we lack – 8

Friday May 13th 2011

Up to this point our examination of NZ economic deficiencies has followed the traditional route focussing on infrastructure, free market signals, etc., with policy implications largely of the sort one could derive from an OECD report or a watered down 2025 Taskforce paper. This week we end this part of our examination by looking at the cultural impediments to Kiwis succeeding. That is, we look at how our cultural behaviours lead us specifically to be very good at inventing things, but reasonably hopeless at making money from them.