Yesterday was DAY 29 of New Zealand in lock down as we try to fight the COVID19 pandemic.
One of the most constant – and least surprising – conversations that is being had is about the effect of the lock down on the economy.
As a Christchurch lad who witnessed the devastation of the 04 September 2010 earthquake, along with the February 2011 and June 2011 aftershocks, I think I have an idea of what could constitute grim times. It is certainly true that the pandemic has not physically destroyed any buildings, but the number of businesses closing around Christchurch, the jarring uncertainty about whether they will reopen, the massive job losses that are occurring, certainly have brought on a feeling of deja vu about it all.
I have huge sympathy for the many many people who have lost jobs, who do not know if they will have a job to go back to when most of New Zealand goes back to work. I know that the socio-economic toll grows the longer we keep the country in lock down and I agree that we cannot stay in it forever.
But that is where the doom and gloom ends. I am optimistic about New Zealand coming thundering back from all of this. Will it happen overnight? No, but with no past experience on shutting a country down and restarting it again, it was never going to happen overnight.
I am optimistic because there is a massive, almost unparalleled opportunity for an economic revolution right now in New Zealand. Earlier this year I wrote consecutive blog articles about why neoliberalism is a massive, abject failure here and why we need to be rid of it. Here now is that perfect opportunity to do exactly that. But not only is there a unique opportunity to get rid of an economic model that has failed the vast majority of New Zealand, the potential model that could go in its place is even more thrilling.
So what is that model that could replace the failed neoliberal experiment?
The model I am calling for is a massive investment in skilled trades; niche industries backed by a complete overhaul of the New Zealand no. 8 wire model of research. It will be green, it will be designed by New Zealanders and it will work for New Zealand and New Zealanders.
We have hundreds of tradies in bad need of a steady work stream. One thing that could sort a significant number of them out is refurbishing all of the state house inventory so that they have 21st century standards of warmth and dryness. This will indirectly partially pay for itself by helping reduce the problems many New Zealanders have around asthma and other respiratory ailments.
Another one is seismic retrofitting large buildings in high seismic risk areas with shock absorbers so that the buildings can sway backwards and forth, whilst the absorbers take the seismic energy. With hundreds of buildings in the South and North Island in urgent need of this and no idea how long before the next big earthquake hits, this is a priority we should take note of.
But it is not just singular buildings or jobs for a couple of people per site that we need. New Zealand is critically behind on infrastructure. We need a comprehensive overhaul of our railway system; we could be building a hydrogen plant and investing in that instead of fossil fuel; maybe a hemp crete research facility to help cut the carbon emissions of the concrete industry, which I understand puts out about 8% of total carbon emissions.
Much of the knowledge for these ideas is already there. But is the political willpower to do something truly radical?
You tell me.