Debt is the traditional gripe, I believe.
Also reduced sovereign control of our own economy, excessive dependence on overseas interests, lower levels of self-sufficiency and greater risk exposure to adverse global conditions (either economic, or particularly for us so far away from everything, physical resources like oil).
And of course greater wealth and income inequality, with associated on-going social problems, low wage growth, the need for high levels of welfare/WfF, needlessly high and unstable unemployment...
When people say "capitalism is broken", they usually mean the Reagan/Thatcher/Friedman/Douglas kind. Because it is evil. Fortress NZ may have been or may not have been bad for NZ but Douglas' reforms were extreme and poorly considered.
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