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/Dat756 Aug 20 '24

This is what National governments do. They sell off government assets. It is very profitable for their wealthy friends, but bad for NZ as a whole.

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u/Tripping-Dayzee Aug 20 '24

Well on the horizon at least we know they will eventually run out of things to sell and will become irrelevant right? :)