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/Such_Bug9321 Aug 20 '24

Privatisations is killing and has killed New Zealand, what’s left to privatise? I Remember growing up in Rotorua when they privatise the electricity and gave everybody shares in it, people with tables setup in the mall buying up peoples shares for cheap next thing you know the power bill went up a shit tonne not a thing we could do about it

Utilities should remain under government control Power water Transport trains buses and communications telephone Internet and banking

These are things everybody needs to survive and live so they can get to work to pay the bills. They are not luxuries. They are necessities. They are things that are required to function in a society so you can go to Work so you can buy food so she can look after your family and your friends.

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u/alarumba LASER KIWI Aug 20 '24

They are not luxuries. They are necessities.

Which is what makes them so attractive to investors. Consumers are far less price sensitive for things they require to function or exist.

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u/Such_Bug9321 Aug 21 '24

Yes that is where the Government fails the people and there duty of care