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The news that will matter in 2021This rather interesting year is almost over, so for the final Bulletin of 2020, we'll look ahead.
Good morning and welcome to the final Bulletin of 2020, by Alex Braae for The Spinoff. Presented in partnership with Z Energy. A bit of housekeeping up top: The Bulletin is going on hiatus over summer, and depending on events, will be back in mid to late January.
Image: Commuters at the Wellington train station wearing face masks (Getty Images) For the final Bulletin of the year, we'll once again look ahead to the next one: Some people might think 2020 was uniquely interesting, with correspondingly serious issues playing out in the news. But I don't think it's going to work out like that – 2021 will have some major stuff going on. Here's a selection of issues that will likely matter, both for New Zealand and the wider world. Housing: The market is currently out of control, so look out next year for measures to bring it back into line. Some of these will come from the Reserve Bank – for example, reimposing loan to value ratios on investors. The government is likely to nudge the scales a bit on behalf of first home buyers, perhaps by increasing the grant available to them. But overall, prices are likely to continue to rise, because cities especially still aren't getting on top of the supply needed to meet extremely high demand. See also, the ever-inflating waiting list for social housing, and the consequences that has for the life outcomes of those on it. Expect a lot of news on this in the local government and urban planning spaces too. Inequality and poverty: This is highly related to housing, but goes beyond it, to more fundamental questions about what we want our society to look like. 2020 saw those with plenty of wealth increase it, while whole swathes of people with little fell further behind. The political consequences of this could be profound. It could also really shake the government's base of support. Meanwhile, the pandemic continues. A lot of countries in Europe and North America are currently heading back into strict lockdowns, or suffering immense case and death numbers. This doesn't all stop just because we're in summer, or because the calendar ticks over to a new year. Apart from the possibility of a travel bubble with Australia and select Pacific nations, don't expect borders to be anything near open over 2021, if not for longer. There's always the possibility of future lockdowns again in New Zealand – another level four is unlikely, but can't be ruled out. But more than that, it's very hard to see life going back to the pre-pandemic normal in 2021 – it'll almost certainly still be a huge part of our daily lives. The politics of the Covid vaccine: Who gets it first? Who has to wait? Will the promised shipments arrive on time? We had some more news yesterday about the government's vaccine strategy, but internationally especially these will all be major questions, particularly as demand will likely far outstrip supply for a long time. As an example of how badly this could all play out, have a look at this Reuters story about wealthy countries refusing to waive intellectual property rights for a vaccine so poor countries could have improved access. Climate change: Really, what is there to say about this that hasn't already been said? The world is warming, weather patterns are being disrupted, emissions keep rising aggressively (despite a minor blip from Covid lockdowns and reduced fossil fuel demand) and the world is not remotely close to bringing them under control. New Zealand is performing poorly on this front, with a huge gap between rhetoric and reality. The Climate Change Commission will have an important role next year on consultation and giving the government advice about how to improve – the question is whether ministers actually listen.
Trade and supply chains: We're a set of small islands a long way away from anywhere else, and we're not fully self-sufficient for everything we need. Trade and maintenance of supply chains will be crucial for New Zealand getting through the next year. Newsroom's Sam Sachdeva has had a look at the current state of trade protectionism, and how there could be breakthroughs in 2021. Or perhaps not. An all-powerful Labour party executive: We haven't seen any single party be this powerful in a parliament for more than a generation. But Labour's absolute majority means they can basically do whatever they want. Stuff's Thomas Coughlan has written an insightful piece about how parliament will (or maybe won't) work over the coming term, with opportunities to hold the government and ministers to account likely to be scant. A new US president: Barring something deeply unusual and unlikely happening, Joe Biden will be sworn in as the next US president in January. His incoming administration has signalled it wants to do more to re-engage with the world, but he'll still be at the head of the world's dominant military empire, so it remains to be seen whether the turn back to multilateralism really happens. Major areas of interest will be around the US getting back into the Paris Agreement on climate change, and whether tensions with Iran cool enough to restart the scrapped nuclear deal negotiated while Biden was vice-president. Brexit, and the consequences: This section will be deliberately left vague, because really nobody has any idea what'll happen. But there are not totally unfounded fears of things like food shortages, leading to the rise of Brexit Preppers – the Independent had a report on them recently. Here's hoping it's not that bad. Australia's spat with China: These are probably the two most important countries to New Zealand economically, and they're seriously at odds with each other right now. The Guardian reports that as a result of that importance, foreign minister Nanaia Mahuta has offered to negotiate a truce, if not a full peace treaty, and the detail of that story suggests it's not much more than offering to host a cup of tea. A quick correction: Yesterday's Bulletin referred to Matatā residents having to move out because of debris flows, but the way I described it was inaccurate. However, it is not the whole town that has to move as part of the managed retreat process, only those on the Awatarariki fanhead. Bonus content: One of the quirks of Substack's backend is that it saves and displays the headlines of Bulletin drafts that don't end up being sent out. One day in particular, there was a glitch, and as a result this is what I've spent most of the last year looking at every morning.
Turns out, it was a pretty prescient headline, which should hold until next year. Got some feedback about The Bulletin, or anything in the news? |
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