Salient. Official Newspaper of the Victoria University Students' Association. Vol 41 No. 21. August 28 1978
The Real Cause
The Real Cause
The real cause Clarke's solution to the crisis differed sharply from Bradford's. Unemployment was caused by the balance of payments deficit which had as a chief contributing factor the importation of materials. For this reason we needed an independent economy. Most employers weren't prepared to work towards this because they relied for their profits on the existing arrangements. Thus a stable economy in New Zealand "may not be possible without a major social upheaval".