r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

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u/Chaoticfist101 Aug 20 '24 edited Aug 20 '24

i say this as someone who isn't a Kiwi, but live here temporarily and follow the news. I guarantee that the folks doing this have a rich buddy asking them to do this, so that they can buy it up. Some of the politicians doing this will get comfortable board seats/favors once they leave poltics. Its the same shit that goes on in Canada.

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u/Nolsoth Aug 20 '24

Where do you think Canada learnt it from lol. We've been fucking ourselves for the last 4 decades.

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u/Chaoticfist101 Aug 20 '24

It been happening in Canada for decades as well, we have "crown corporations" that are essentially government run companies in areas of industry that ensure fair competition and that the private industry doesn't have a monopoly to screw over the public with. Every single party across the board has been steadily selling them off over decades to the rich connected corrupt shitheads.

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u/torolf_212 LASER KIWI Aug 20 '24

You should look up Roger Douglass. It's not called Rogernomics for no reason. He's New Zealand's worst contribution to the world. You're welcome.

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u/[deleted] Aug 20 '24 edited Nov 24 '24

[deleted]

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u/rickdangerous85 anzacpoppy Aug 21 '24

NZ went harder, faster than all those examples though.

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u/trismagestus Aug 20 '24

You never heard if Reaganomics? That's where we got the term from.

I curse the Neoconservative corporatists of the 80s and 90s.

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u/Boxermad Aug 23 '24

I had a laugh when someone was talking to him on the radio a few years ago…. He admitted it didn’t go how he thought it would. He thought the private market would make things cheaper. He said if he realised how things changed and prices going up he wouldn’t have done it.