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Salient: Victoria University Students' Paper. Vol. 29, No. 12. 1966.

Key Labour policy

Key Labour policy

The key policy of State "socialism" for Labour was that of industrialisation through import selection of raw material for the manfacturing sector, and therefore, it was assumed, not only create full employment, but develop an alternative to New Zealand's incipient low-wage pastoral economy. This industrialisation model was later used to solve the recurrent balance of payments crisis which have plagued us from the end of the Second World War. It is now commonly accepted, both by radical and conservative economists, that this policy has done little more than perpetuate what it was supposed to alleviate—our total dependence upon our primary [unclear: produ] for our overseas income.

These issues, and [unclear: rela] topics, were avoided in [unclear: La] discussion of New Zealand economic situation. His [unclear: ca] gation of the "[unclear: Jeremia] and complacent [unclear: accepta] that somehow we will "[unclear: co] through," offered no satisfaction to intelligent [unclear: observ] of New Zealand politics [unclear: a] economics. His approach the whole problem was [unclear: tic] in the worse sense. [unclear: T] had no conception of [unclear: j] what constitutes a full-[unclear: sc] social and economic [unclear: expan] for New Zealand. His [unclear: a] proach to New Zealand [unclear: h] tory was equally [unclear: ecl] From Vogel to Holyoake, [unclear: me] Prime Minister has [unclear: indu] in progressive reform, [unclear: a] Lee's bouquets, not [unclear: surr] ingly, went more to "[unclear: unn] nised" conservatives [unclear: th] those of the party [unclear: wh] rejected him.