Editing Rogernomics (section)

==Legacy==
The policies of [[Ruth Richardson]], sometimes called "[[Ruthanasia]]", were a continuation of Rogernomics.<ref>{{cite book |last1=Schlueter |first1=Andre |title=Institutions and Small Settler Economies: A Comparative Study of New Zealand and Uruguay, 1870–2008 |date=23 October 2014 |publisher=Palgrave Macmillan |isbn=978-1-13744-567-4 |page=226 }}</ref> Richardson served as Finance Minister in the [[New Zealand National Party|National Party]] government from 1990 to 1993. Beginning with the [[Mother of all Budgets]], the National Government expanded these policies by drastically cutting spending, deregulating labour markets, and further asset sales.<ref>{{cite encyclopedia |last1=James |first1=Colin |title=The 'mother of all Budgets' |url=https://teara.govt.nz/en/photograph/33885/the-mother-of-all-budgets |encyclopedia=[[Te Ara: The Encyclopedia of New Zealand]] |access-date=21 December 2023}}</ref>

In 1990 [[David Lange]] said of the Government: <blockquote> "It is there to be the securer of its citizen[s'] welfare. Where the market works well, it should be given its head. Where the market results in manifest inequity, or poor economic performance, the Government must get involved."<ref>{{cite news|title= Business biting hand of nanny govt|work= The National Business Review|date= 7 March 1990|page= 24}}</ref></blockquote>

After Rogernomics, the [[New Zealand Labour Party]] was paralysed by infighting for much of their time in opposition, initially led by [[Mike Moore (New Zealand politician)|Mike Moore]] as leader of the Opposition (1990–1993). Moore was then followed by [[Helen Clark]], whose first term as leader of the Opposition was undermined by those who opposed her leadership. Some later left to form their own political parties [[ACT Party|ACT]], the [[Alliance (New Zealand political party)|Alliance]], and [[United New Zealand|United]] (later [[United Future]]). Clark for her part survived these internal leadership scuffles and Labour stabilised under her leadership during the third and final term of the [[Jim Bolger]] and [[Jenny Shipley]] ministries.<ref>{{cite book |last1=Miller |first1=Raymond |last2=Mintrom |first2=Michael |title=Political Leadership in New Zealand |date=2006 |publisher=Auckland University Press |isbn=978-1-86940-358-4 |language=en-NZ |pages=82–85}}</ref> Much like [[Tony Blair]] in the United Kingdom, Clark assumed a compromise solution to social exclusion and poverty, combining advocacy of the [[open economy]] and of [[free trade]] with greater emphasis on fighting the consequences of neoliberal policies. Labour became loosely aligned with the [[Third Way]] between 1999 and 2008.<ref>{{cite web |last1=Maharey |first1=Steve |title=The emergence of the Third Way: From Douglas to Clark (via Clinton & Co) |url=https://www.pundit.co.nz/content/the-emergence-of-the-third-way-from-douglas-to-clark-via-clinton-co |website=Pundit |access-date=20 December 2023 |language=en-NZ |date=28 June 2019}}</ref>

The [[ACT Party]], co-founded by Roger Douglas in 1993 to participate in the [[1996 New Zealand general election|1996 MMP election]], is the heir to Rogernomics and continues to advance free-market policies.<ref>{{cite news |last1=Bhatnagar |first1=Aaron |title=Rogernomics In The Era Of MMP |url=https://www.scoop.co.nz/stories/PO0009/S00010/rogernomics-in-the-era-of-mmp.htm |website=www.scoop.co.nz |publisher=[[Scoop News]] |access-date=21 December 2023 |date=2000}}</ref> In 1990s New Zealand, advocates of radical economic policies were often branded as "rogergnomes" by their opponents, linking their views to Douglas's and to the supposed baleful influence of international bankers, characterised as the "[[Gnomes of Zurich]]".<ref>{{cite web|url= http://www.eastonbh.ac.nz/1997/11/the_relevance_of_rogernomics/ |title= The Relevance Of Rogernomics &#124; Brian Easton |publisher=Eastonbh.ac.nz |date= 1 November 1997 |access-date= 12 June 2015}}</ref>

A 2015 Treasury report said that inequality in New Zealand increased in the 1980s and 1990s but has been stable for the last 20 years.<ref>{{cite web |url= http://www.stuff.co.nz/national/politics/69733931/inequality-in-nz-hasnt-risen-in-20-years-treasury-paper-says |title = Inequality in NZ hasn't risen in 20 years Treasury paper says |publisher = Stuff (Fairfax) |date= 26 June 2015}}</ref>
However, another 2015 article reported that New Zealand's rate of rise of inequality had been the highest in the OECD, and that New Zealand's inequality had previously been low by OECD standards.<ref>
{{cite web
 |url= http://www.stuff.co.nz/national/politics/68600911/income-inequality-how-nz-is-one-of-the-worst-in-the-world
 |title = Income inequality how NZ is one of the worst in the world
 |publisher = Stuff (Fairfax) |date= 18 May 2015
}}
</ref>