The last National Government I distinctly recall was kicked out because people were fed up with their hands off do nothing, it's all too hard approach. So I agree, that this National led coalition also seems bent on a similar trajectory with no articulated economic strategy or associated change program. Begging for overseas investment is not a proper plan it's just a wishful hope that others will magically turn up and solve our problems. On the other hand, as far as bashing the banks, supermarkets, electricity gentailers, construction material suppliers etc, whilst there's undoubtedly some monopolistic price gouging, the question is how much are realistic alternatives likely to reduce consumer prices and at what risks. It's not entirely straightforward in such a tiny economy, for example if the supermarkets were broken up into smaller operations, reduced economies of scale such as for warehousing and transportation could well push up prices. So I would like to see some comparative numbers before accusing National of failing to fix oligopolies. What might be required is more drastic reform like re-nationalisation of electricity generation, and building up Kiwibank to be a real competitor for the major banks rather a cash strapped minor player.
None of them will go anywhere near the private central bank permanent government New Zealand has endured since 1843.
A permanent government that presently resides in the private debt management within the New Zealand Treasury that funds the Reserve Bank of New Zealand via the back door.
They all posture, they all gesture, but they all stop short of admitting how captured our Parliament is by the private primary bond dealer banks behind the Private Debt Management Office within Treasury.
Private Primary Bond Dealer Banks that are non deposit taking institutions, but instead take your wealth and loan the credit value of it back to you at the time of making loans.
I certainly cannot disagree with the article. The Nats have sat back on their hands this term and haven't achieved most of what I expected them to be working on, but that has been the case for the multiple governments for best part of 20 years now who have made brave promises to fix things like the supermarket duopoly only to bury it somewhere after spending tens of millions on reports and advice.
The last National Government I distinctly recall was kicked out because people were fed up with their hands off do nothing, it's all too hard approach. So I agree, that this National led coalition also seems bent on a similar trajectory with no articulated economic strategy or associated change program. Begging for overseas investment is not a proper plan it's just a wishful hope that others will magically turn up and solve our problems. On the other hand, as far as bashing the banks, supermarkets, electricity gentailers, construction material suppliers etc, whilst there's undoubtedly some monopolistic price gouging, the question is how much are realistic alternatives likely to reduce consumer prices and at what risks. It's not entirely straightforward in such a tiny economy, for example if the supermarkets were broken up into smaller operations, reduced economies of scale such as for warehousing and transportation could well push up prices. So I would like to see some comparative numbers before accusing National of failing to fix oligopolies. What might be required is more drastic reform like re-nationalisation of electricity generation, and building up Kiwibank to be a real competitor for the major banks rather a cash strapped minor player.
Well written Bryce.
None of them will go anywhere near the private central bank permanent government New Zealand has endured since 1843.
A permanent government that presently resides in the private debt management within the New Zealand Treasury that funds the Reserve Bank of New Zealand via the back door.
They all posture, they all gesture, but they all stop short of admitting how captured our Parliament is by the private primary bond dealer banks behind the Private Debt Management Office within Treasury.
Private Primary Bond Dealer Banks that are non deposit taking institutions, but instead take your wealth and loan the credit value of it back to you at the time of making loans.
I certainly cannot disagree with the article. The Nats have sat back on their hands this term and haven't achieved most of what I expected them to be working on, but that has been the case for the multiple governments for best part of 20 years now who have made brave promises to fix things like the supermarket duopoly only to bury it somewhere after spending tens of millions on reports and advice.