Colinxy: Is There a “Cost of Greed” Crisis?

Chlöe Swarbrick recently declared that New Zealand is facing a “Cost of Greed Crisis.” It’s a catchy line; the sort of slogan that fits neatly into a press release and even more neatly into a worldview where every social problem is caused by someone else having too much.

But let’s take the claim seriously for a moment. Is there a “Cost of Greed Crisis”?

Surprisingly, yes. But not in the way Swarbrick imagines.