Jimnomics
Sir,—Mr Rufus Dawe attacks what he calls the “1935” ideas of Mr Anderton with tire economic ideas:of the[nineteenth century. It was | then) believed that the capitalist system was self-regu-lating. In the twentieth century Keynes! showed that this is false and that the private enterprise °system I will) only work if! it is intelligently managed by governments. [ The Americans | and people like Rufus Dawe refuse to accept [this basic Keynesian conclusion; They reject [ the middle road :of a mixed system and are trying, with considerable success, to wreck the foundations pf the welfare State and io drive us back into the miseries of the past. Mr Lange talks off .“the fruits”) of j the Government’s economic policies. Those ; fruits will I; tie increasingly bitter if - economic laissez faire continues to grind New Zealand beneath its old-fashioneci chariot wheels.— Yours,| etc., [ I | MARK D. SADLER. [ March 20, 1988. .
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Press, 23 March 1988, Page 18
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147Jimnomics Press, 23 March 1988, Page 18
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