https://t.co/tlXsLXZarK
26/06/2017 9:21 PM
RT @rethinkecon: 'Going Beyond Exchange' from @TheMinskys @HeskevanDoornen https://t.co/GVNeY8gyIQ
23/06/2017 8:53 PM
RT @ChrisGiles_: Hard or soft Brexit? The six scenarios for Britain https://t.co/Fk2hj8muah via @FT
23/06/2017 8:52 PM
This is worth a read: https://t.co/gjARfKQ6JB
20/06/2017 9:58 PM
RT @PositiveMoneyUK: ...and it’s almost impossible to reduce our debts without causing a recession - Welcome to the debt trap! https://t.co…
20/06/2017 9:49 PM
@Parker_Banking The pirates are in the accendency - on the pirate scale there is no difference between Trump and Pu… https://t.co/XbxmE9OJao
17/06/2017 1:11 PM
RT @PositiveMoneyUK: Why are House Prices So High? https://t.co/kYNWqTc6kP
16/06/2017 3:57 PM
@Omearanz Tax incentives point away from productive investments - asset price inflation is not productive of itself… https://t.co/zOCXPEj93U
15/06/2017 5:00 PM
@Parker_Banking People without income and assets cannot be consumers - superfluous to economy - superfluous to soci… https://t.co/EHIOqdcNXH
15/06/2017 12:18 PM
@Parker_Banking Full of rah rah platitudes: happened before no worries.Then machines replaced muscle/debt low, now… https://t.co/SMvdIfmpi1
15/06/2017 12:15 PM
Recent Post Comments
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.

Print-friendly
12
NOV 13

Success has many fathers, but failure is..




When it comes to the manufacturing sector, what people see and promote does not always tell the whole story. Last week I attended a celebration of a recast factory in Christchurch, the owner and management had been through two moves driven by the earthquakes and now seem to have successfully arrived at their new permanent home – good on them. The determination, hard work and sustained effort by all concerned to make this happen are obvious.

What can be taken from this success? That success is possible even in difficult circumstances. Certainly, but it is going a bit far to conclude that that any criticism of the currently policy framework is abrogated by that success.

This is the “look at the stars” justification used by those wedded to the status quo; any success is used to justify what we have as the best of all possible worlds and it follows change is unnecessary, even foolish.

Survival, even growth by star companies is close to a given, under almost any conditions, but higher growth would be inevitable if we could see even more success, as I have said elsewhere that requires a hard look at the threshold of failure. Why are failures happening and what could be done to shift that threshold and support more success for those close to failure?

Policy changes are necessary to shift the threshold between failure and success, enable more winners and support investment in activity, driving more on-shore activity not less.
 


tags: status quo, manufacturing, exporters, investment, failure
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.