Want to know why productivity is low in NZ? Go read the report into "the circumstances that resulted in the loss of HMNZS MANAWANUI off Upolu, Samoa, on 6 October 2024". It is an allegory for why our economy is not performing better. My latest view is we shouldn't be blaming our economic institutions (which are the rules, or structures, that we work within and which constrain our behaviors). Instead the reason is that a large bunch of the people in charge are nothing short of useless. How come?
