AI Snips
Chapters
Transcript
Episode notes
Property Beats Business Investment
- New Zealanders prefer property investment because leveraged, untaxed gains made it more rewarding than reinvesting in businesses.
- This preference reduces capital and ambition flowing into high-productivity firms that drive wages and growth.
The Zombie Small-Business Problem
- Many small firms in NZ remain 'zombie' businesses that neither scale nor exit because owners feel no pressure to change.
- Those firms miss out on becoming the high-productivity exporters that lift national wages.
Cultural Limits On Ambition
- Chris Small recounts cultural drivers like the beach, boat and car goals that cap ambition for growth.
- He also points to tall-poppy sensitivity which discourages people from striving to be number one globally.