Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Joyce can’t pick every winner

Joyce can’t pick every winner

Innovation is too important to leave up to Steven Joyce’s best guesses, the Green Party said today.

After the John Key government abolished the research and development tax credit, the Government has to try to pick winners in innovation using mechanisms such as the Technology Grants, which awarded $25 million to eight New Zealand businesses last week.

“The Government’s Research & Development (R&D) grant scheme relies on Steven Joyce and his officials picking winners”, said Green Party Co-leader Russel Norman.

“Steven Joyce is a smart man, and the officials are no doubt pretty smart too, but there is no way they can know everything about everything.

“The nature of the industries and technologies involved in R&D in this country are complex and often obscure to outsiders like National Party Ministers and Government officials.

“Businesses have told us that if they are doing deep R&D in a very narrow field it can take a huge effort to educate the officials on the value of the work, and it is very difficult for the officials to judge the merit of the work. That’s why many of those businesses don’t bother to apply for research grants.

“Relying on people like Steven Joyce and Government officials to try and understand everything about an obscure research area and then make a judgement call on whether it deserves funding is a gamble.

“That’s why it was short-sighted of this Government to abolish the R&D tax credit, which was available to incentivise research across the board. The advantage of the R&D tax credit is that businesses will get some support for their R&D regardless of whether Joyce and his officials support it or even understand it.

“The tax credit was an important tool for innovation because it didn’t rely on awarding funding based on hand-picking winners.

“Joyce has become a Muldoon-like figure in New Zealand, backward looking and directive, and he now has his hands all over the R&D funding system. His record on picking winners such as mining and motorways is less than stellar. But even with a more forward looking Minister there should still be a place for the R&D tax credit because Ministers and officials can’t know everything.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Andrew Little’s Debut, Mockingjay, And Drunk Texting

John Key’s credibility has taken a hammering this week – at least among the 50% of the electorate who have always had doubts about him on that score.

The other substantial story of the week has been about Andrew Little’s debut as Labour leader, which has received top marks, especially among the 25% of the electorate still voting Labour. According to some reports, the Labour caucus has been ‘in seventh heaven’ about Little’s success this week in taking it to the government in the House. More>>

ALSO:

 
 

Parliament Today:

Gordon Campbell: On Government Arrogance

Right now, National is ramming anti-terrorism measures through Parliament. This legislation will grant the SIS the power to carry out 48 hour bouts of surveillance on anyone without a warrant, and will bestow on government the power to unilaterally revoke anyone’s passports and thus deny them the freedom to travel. More>>

ALSO:

Glenn Inquiry: Report Offers Solutions To Family Violence

The People’s Blueprint unveiled today by Sir Owen Glenn’s independent inquiry into child abuse and domestic violence outlines a new, more cohesive and effective system for reducing New Zealand’s alarmingly high family violence rates. More>>

ALSO:

Environment Commissioner: Changing Climate And Rising Seas - Understanding The Science

A rising sea will be with us for a long time to come – one way or another we will have to adapt. But how high and how fast the water rises will be influenced by the speed at which the world – including New Zealand – reduces greenhouse gas emissions over the coming decades. More>>

ALSO:

Key Texts With Whale Oil Released: PM Can’t Be Trusted Over Dirty Politics Defence - Greens

John Key’s answers to questions about dirty politics can’t be trusted, after he was forced to admit that he had misled journalists and Parliament about contact with attack blogger Cameron Slater, said the Green Party today.. More>>

ALSO:

Temporary Release Crackdown Continues: Corrections Review Of Phillip Smith Case

“The review by Corrections’ Chief Custodial Officer reveals that the plan for Smith’s series of temporary releases was overly ambitious and misinformed. He’s a highly manipulative and deceptive person who although technically eligible, should not have been considered for temporary release." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news