Re: Recession a dark cloud [Christopher Luxon, Times, June 21]. When I bragged some silliness my father would retort, “You’ll do a fat lot!” Will Christopher Luxon “fix” the economy or “do a fat lot”?
Are we really in a recession? GDP makes no distinction between “want” and “need”. Perhaps people are simply spending less on what they don’t need.
Some businesses will fail. Neo-liberals tell us that is how the market is meant to work. If you make a profit, you are clever and helping society allocate resources correctly.
If you are making a loss, the government has mismanaged the economy, according to Christopher Luxon. Maybe what it really means is some people are doing a job that doesn’t matter. That would certainly account for the shortage of people to do the work that needs to be done.
Dennis Horne, Howick
