Lost community, lost decade

IMF chief Christine Lagarde's warning (9.11.11) of a lost decade of low growth corresponds with Dr Peter Cleave's argument (18.10.11) about a lost decade in New Zealand in the area of finance due to lax regulations and shady practices. Both articles are copied below;

Christine Legarde, the International Monetary Fund managing director, warned of the risk of a “lost decade” unless nations act together to counter threats to growth.

Christine Lagarde said her major concerns were high unemployment and market slumps
Comment
“In our increasingly interconnected world, no country or region can go it alone,” Ms Lagarde told a forum in Beijing yesterday. “There are dark clouds gathering in the global economy.”
Advanced economies have a “special responsibility” to restore confidence and lift growth, while China should boost consumption and allow its currency to rise, she said.
European leaders are looking to China as a potential source of funds to help solve the sovereign debt crisis. China and India said the global economy was in a “critical phase”. The two nations said policy co-operation was needed across the world to avoid the higher debt trap.
Ms Lagarde said her major concerns were high unemployment and market slumps.
“If we do not act together, we could enter a downward spiral of uncertainty,” she said.Address by Dr Peter Cleave, candidate for Mana in Rangitikei to a meeting
> of constituents in the Kahuterawa Valley, Rangitikei Electorate 18.10.11
> Dr Peter Cleave began the meeting by ensuring that the constituents there
> knew his name and that he was standing in the Rangitikei electorate.
> He then went on to say that the case of the two former cabinet ministers,
> one a knight of the realm, in court in the Lombard Finance case shows how
> close these ex-politicians are to the whole dodgy bag of financial tricks
> that people are protesting about around the world.
> 'Former National minister Sir Douglas Graham and former Labour minister
> Bill Jeffries are a disgrace,' said Dr Cleave. They face penalties of up
> to $500,000 each for misleading investors in Lombard Finance.
> Some of the charges involved can carry a jail term of up to five years.
> 'Why are Graham and Jeffries and the other two Lombard partners not being
> treated in the same way as former Labour MP Philip Taito Field and given a
> jail term?,' said Dr Cleave.
> Graham and Jeffries from National and Labour, the two biggest parties in
> New Zealand, have allowed themselves to be the face, the apparently
> trustworthy face, of a financial system that went out of control in this
> country to a greater extent than elsewhere. Do we have any major finance
> companies not threatened with charges of deceit and corruption?
> Mana is making several steps to clean all this up.
> One is to take the people protesting around the world seriously by
> listening to them.
> The other is the introduction of the Hone Heke Tax and the abolition of
> GST. These reforms will be used to create a more egalitarian life for
> people.
> Across the board Mana is taking steps to involve people who have been left
> out of the financial system altogether. Better job prospects, better
> transport systems, better opportunities for a better standard of living.
> And there needs to be an end to greed. Doug Graham and Bill Jeffries are
> being tried alongside other directors, Laurie Bryant and Michael Reeves.
> Reeves indulged his love of European motor cars - like the Maserati -
> while on the Lombard payroll.
> Mana will bring a new approach, a new broom for this corrupt and unequal
> financial system which so many people are angry about right now.
> Dr Cleave closed the meeting by asking constituents to remember his name
> and that of the political movement that he represents, the Mana Movement.
>