Prof Hazeldine says the proof of capitalism’s success is in its longevity. Credits: The AM Show An economics expert says capitalism has not been "a blatant failure" as new Prime Minister Jacinda Ardern suggests – but agrees changes must be made to narrow the wealth gap.
University of Auckland economics professor Timothy Hazeldine says capitalism’s longevity in New Zealand and throughout the western world means it’s a success.
But he told The AM Show on Tuesday plenty has gone wrong within our own system, and says Labour has a challenge to fix housing and welfare issues."I think [Labour is] pretty happy […]
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