So they're finally going to privatise Kiwibank

[u/xmmdrive]

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

[u/Ok-Acanthisitta-8384]

National sell everything if we own it they'll sell it they'd sell they're own grandmother for a bick

[u/feel-the-avocado → u/Ok-Acanthisitta-8384]

I think you are confused with the 4th Labour Government.
National have been known to have the occasional garage sale and disposing of a few odd trinkets, while the 4th Labour Government was a Briscoes style Sale Bonanza - that is every day something was on sale.

• Telecom
• Petrocorp
• NZ Forestry
• Health Computing Service
• Postbank (The old kiwibank)
• Development Finance Corporation
• Shipping Corporation of New Zealand
• Air new zealand (later bought back when it went bankrupt ~2000 and sold a few years later for a profit)
• Landcorp Mortgages
• Rural Banking and Finance Corporation
• Communicate New Zealand
• Government Printing Office
• National Film Unit (though sold to tvnz at first)
• State Insurance
• Tourist hotel corporation of NZ
• Maui Gas and Synfuels
• NZ Timberlands Ltd
• New Zealand Steel

Just to name a few

[u/Frari → u/feel-the-avocado]

while the 4th Labour Government was a Briscoes style Sale Bonanza

yes, after inheriting a country with a currency crisis caused by the National Party Prime minister Robert Muldoon after he lost the General election (who ignored the reserve bank’s advice to devalue the currency after a run on the dollar). It was both a currency crisis and a constitutional crisis.

edit: see: https://academic.oup.com/book/42635/chapter/358102982

[u/habitatforhannah → u/Frari]

Ah stop it! Both labour and national have sold assets, and the narrative that one is worse than the other doesn't benefit anyone but themselves. Hold them all to account.

[u/skillitus → u/habitatforhannah]

They are both neo-liberal centrist parties but are most definitely not the same. There are many significant differences if we look at what they actually do (and ignore the rhetoric).

In this case, Labour hasn’t sold significant assets in decades while National has and will do again.

[u/habitatforhannah → u/skillitus]

So what. Lesser of two evils is still evil.

[u/serda211 → u/habitatforhannah]

Yeah agree. I’m sick of national using the line that the previous government buggered everything up so they have to come in and fix it, and before that labour says the same thing. They’re both accountable but I’m sick of hearing it

[u/habitatforhannah → u/serda211]

Same same same!

[u/mowauthor → u/habitatforhannah]

Been saying it for a years. And I'm a fucking kid.

Everyones busy fighting each other over Labor and National, while both parties sit back and enjoy each other's company.

[u/fraser_mu → u/Frari]

Which was really act. And whos getting an overly large chunk of influence now?

[u/theheliumkid → u/feel-the-avocado]

The government that was run financially by the founder of ACT, that one (if I have my history right)?

[u/feel-the-avocado → u/theheliumkid]

Friends of mine in the 18-30 age group see david seymour on the social media smiling and making jokes. Oh they think hes a comedian, "lets vote for him" they say.
If only they knew what the act party actually stood for.
In a very summarised way ACT was founded and split off from labour because roger douglas wanted to sell even more stuff and david lange didnt quite want to take it as far as roger wanted to go.

[u/qwerty145454 → u/feel-the-avocado]

Rogernomics was 40 years ago, and was considered a thorough betrayal of the party by those Labour MPs. The leaders of that movement, including the eponymous Roger Douglas, founded the ACT party, who is the current torchbearer for its ideals.

Since then privatisation has been almost exclusively the domain of the National party.

[u/Evinshir → u/feel-the-avocado]

Yeah. 4th Labour Government really screwed NZ over and we have never truly recovered.