Not quite Hone Harawira but....
Am I being pc because this guy makes me wince?
"What's so tragic about a 6.6 per cent jobless rate anyway?" asked Bank of New Zealand economist Craig Ebert.
Ex Treasury. Bloodless. Yeah, yeah and I'm a bleeding heart.
Mr Ebert obviously doesn't have friends or relatives who have lost jobs or businesses.
"A lot of countries would give their eye teeth for that sort of level, albeit we should hope for something a bit lower in due course. For a truly stuffed labour market, and economy, go back to the early 1990s, with 11.2 per cent [unemployment]."
Mr Ebert doesn't look old enough to have actually experienced the early 1990s. For the first time in my life I couldn't get a job and it is a most depressing, but empathy-building experience.
What really pisses me off is this supercilious attitude is what gives capitalism a bad name. Thoughtless prick.
Samizdata quote of the day
1 hour ago