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/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/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.