Tindall's vision: it's missing something

Tindall's vision is, I read, about world-class people contributing what they can in the "engine room" of New Zealand's economic growth. He was celebrating and rewarding world-class Kiwis, telling stories about Coca-Cola and Gatorade, getting access to US pharmaceutical companies, Asian governments, and Chinese social networks, and New Zealand being a place where talent wants to live. Weta and The Hobbit and big yachts will be talked about. And ‘Kiwis succeeding on the global stage’ and ‘the best of the best’ and, ‘Kiwi ingenuity’ and dedication and hard work and attention to detail.  

That ‘global stage’, is that where New Zealand Teaching and learning stands among ‘the best of the best’ in reading, maths, and science (and footy)? That Kiwi ingenuity that’s referred to, is that Kiwi Teaching practices? And the hard work, is that the many hours that Kiwi Teachers put in each week (all year long) planning lessons, preparing resources, tying show laces, coaching teams, saying ‘well done’, ‘keep trying’, ‘you can do it, I know you can’, and ‘there’s more in you’.

Doubtless the applause and gratitude and all the big talk will be of the very important people who do technology and exports and exchange rates and investment and dollars.

But of the Teachers of personal financial literacy in primary schools, and the Teachers of economics, accounting, and business studies in high school? Nothing. Of the Teachers who give their free time to support Young Enterprise? Nothing. Of the Teachers who teach the core values of honesty and reliability and hard work…? Nothing. What of the Teachers who taught these Great Kiwis to read? To calculate percentages? To think creatively? To understand the bonds in hydrogen? To play team sports and respect the rules and the principles of fair play? Presumably, they’re just Teachers and they have little to do with Tindall’s vision. Perhaps his vision has been blinded by shiny trinkets from Silicon Valley and brightly coloured shoddy stuff made by slave-labour in sweatshops. All of which just feels a long way from ‘the best thing you can spend on your children is your time’.

Hey, Tindall et al., the engine room of New Zealand’s economic growth is called a Kiwi classroom. It’s manager and CEO is called a Teacher. If you’re looking for great Kiwis to honour, pop along to your nearest school. This is where the New Zealand economy is being nurtured. An economy, you see, is not only about imports of shoddy stuff, and exports of milk powder and value-added meaty stuff. A goods market is not just about producers, but consumers too. A labour market is not just about employers, but also employees.

The New Zealand economy is he tangata, he tangata, he tangata.


Economics as it should be taught

"But of the Teachers of personal financial literacy in primary schools, and the Teachers of economics, accounting, and business studies in high school? Nothing." Talking about the teaching of economics, how about we use this magazine to try to get through to teachers of economics that some of what is taught in economics classes in our schools is actually wrong? I am referring to the teaching of where digital money comes from and how it is created as interest-bearing debt owed to commercial banks. A great resource for teachers is the new book "Where Does Money Come From?" published by the New Economics Foundation in the UK. It may be purchased using Paypal on the website of Positive Money UK, www.positivemoney.org.uk Every teacher of every subject, from pre-school to university, should learn that every time a bank makes a loan to a customer, it creates new digital money (the stuff in our bank accounts) out of nothing, as an interest-bearing debt, and that when the customer repays that debt, the money disappears back into the nothing from whence it came. The interest paid is the bank's income, generating huge profits. Teachers ought to be asking "Is this the best way to create the new money with which entrepreneurs expand our economy?" Teachers ought to be reflecting on the words of the Governor of the Bank of England, who said in a speech he gave in New York on 25 October 2010 "Of all the many ways of organising banking, the worst is the one we have today." To discover that there is indeed a better way to organise banking, go to www.positivemoney.org.nz and have a quiet read of the proposed Bill that would ensure that banks no longer created new money out of nothing but did only what 99% of people think is ALL they do now, namely act as financial intermediaries that on-lend their term deposits. ALL new money would be created by the RBNZ, at a rate just match economic growth to ensure that there was no inflation, debt-free and interest-free and spent into circulation by the government in the normal way according to its democratic mandate. Government would no longer need to borrow from banks and the boom-bust cycle would become a thing of the past.

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