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Monaterist moves into deficit

22 11 2006

I liked this poem / tribute to Milton Friedman by David Slack (see below) and reproduced by permission. Go to the original source on public address to check for comments and responses to the original.

Linking Friedman with policies followed in Pinochet’s Chile rubbed some people the wrong way. I think it is very difficult to really say how and where theories of economics ( and policy impacts) stop and start.

I also think Friedman was a great man as economics is not an easy area at all. 

Humour is one of the ways that people deal with all of the conflicting feelings around both the unintended consequences of such theories and the positives as well. Even Friedman noted that there had been mistakes.

“In 2003, Milton Friedman renounced many of the policies from the 1980s that were based on quantity targets. In doing so he basically conceded that the demand for money is not so easily predicted. He stood, however, by his central formulations.” (from general link on monetarism.)

Economic theory and political idealogy are closely linked and can be skewed many ways.

Over at Idealog there is a Podcast tribute to economic freedom fighter Milton Friedman in this week’s Idealog podcast, ‘What’s the big idea?’ with Wammo at Kiwi FM. (Also covers some other material as well.) It takes a more positive view of Freidman’s contributions.

Would be interested to know what you all think?
———————

About David Slack’s father was a farmer. His father was a farmer, and his father was a farmer and as far as the records show, it’s farmers all the way back.  It was only a matter of time before one of them became a speechwriter. He runs speeches.com from his home in Devonport.Source http://www.publicaddress.net/default,3716.sm   

So farewell
Then
Milton Friedman

Taken from us by
The invisible
Hand.

Now that you and
Ronnie are
Gone,
Maggie is the
Only one from the old gang
Left
Unless you count
Pinochet.

As you arrive in
The luxury wing of
Heaven

I wonder if
Ron will
Remember you

And if you will have to pay
for
Lunch.

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Comments : Comments Off
Categories : big ideas, culture

Procurement policy needs change

19 11 2006

Rod Drury (in his excellent blog) has raised again the tremendous waste of resources around the RFP processes for bidding on government contracts. He offers some actual suggestions that I’d like to see debated more widely.

As procurement policy is so important in growing the ICT sector it needs to me managed and monitored. A great start would be a Procurement Ombudsman that can provide a confidential and independent path for addressing procurement issues. This person cannot reside inside the Ministry of Economic Development as they are one of the biggest procurers themselves. The Audit Office or State Services would be a more appropriate home.Their first job would be to establish a Procurement Policy. This seems to have been kicked off several times but nothing useful to industry has ever surfaced. It needs an owner.

Having been on the response side of dozens of RFP (and similar) processes over the years I am very happy someone like yourself can stand up and offer some possible new scenarions. I have also been on the inside of a few such processes and I believe there are many frustrations from both sides.

Unfortunately if I want to keep working in the industry I mostly have to follow the particular formulas – as flawed as they might be and that will be holding many people back from public debate.

I do remember back in the early ’90s there was a move to become Government approved suppliers which was a way to “raise the bar” and in my view dispense with some of the wasted efforts of restating the obvious on each bid.

Whatever the future – there does need to be a change. The new system also needs to allow outsider and new entrants into the market as every industry needs that.

I also seem to remember that there were some themes around egovernment initiatives of being a model customer for the best local and international service providers. Many years ago (early ’90′s) – in Australia I was involved in some public policy generation around such issues. It resulted in a manifesto called *“The Creative Nation” which stimulated and provoked many changes in both the arts and technology industries of the day. It was an example of thought leadership at the time. (*Cultural policy was the focus)

What do you think about this debate? Here is an opportunity to save on costs and ultimately focus on growing your business rather than just padding the status quo. We need to think this through and make our public representatives and policy implementors aware of the need for positive change.

Comments : 2 Comments »
Categories : general business


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