New Zealand is affected by the same crisis that we see in other parts of the world, with sluggish growth, growing unemployment and austerity measures being introduced. This document looks at the particular crisis of New Zealand capitalism and underlines the tasks of the Marxists.
The recent national conference of the New Zealand Labour Party – held after their recent defeat in the elections – produced some interesting controversy around the question of what Labour should do if it gets back into office. The ideas of Marxism were present in the debate.
New Zealand society is entering an extremely turbulent period as the effects of the economic recession are felt. As previously mentioned in 2008 Perspectives New Zealand will not be immune from the global downturn. In fact the notion that our so-called “good economic fortune” in the past will save New Zealand from the worst excesses of the global downturn is evaporating before our eyes.
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