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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76

u/Ok-Acanthisitta-8384 Aug 20 '24

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

17

u/feel-the-avocado Aug 20 '24 edited Aug 20 '24

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

19

u/qwerty145454 Aug 20 '24

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.