Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Scoop Feedback: People's Bank

The Editor

Dear Sir/Madam,

On the face of it Anderton's proposed People's Bank deserves our wholehearted support. It would be owned by the Government and profits would stay in New Zealand, we are told it would better cater for those poorly served by the main trading banks etc etc

The problem is that there's nothing to stop it being privatised by a Government of a different political persuasion. It's for this reason -because they don't want to compromise their independence - that Taranaki's TSB and the Southland Building Society don't want to get involved. Even Anderton acknowledges that like the BNZ and Post Bank before it, the People's Bank could be set up only to be subsequently sold offshore.

Such a scenario could well be avoided by the People's Bank entering into joint ventures with co-operative community-based and owned trusts. The Bendigo Bank in Australia have been successfully pioneering just such a development.

Apart from going some way to ensure that the ownership of the bank remained with the community, it would also avoid people revisiting the sense of betrayal they experienced when Trust Bank was sold.

Your sincerely,

Bruce Dyer P. O. Box 984, Nelson


© Scoop Media

 
 
 
Top Scoops Headlines

 

There Is A Field: Reimagining Biodiversity In Aotearoa

We are in a moment of existential peril, with interconnected climate and biodiversity crises converging on a global scale to drive most life on Earth to the brink of extinction… These massive challenges can, however, be reframed as a once in a lifetime opportunity to fundamentally change how humanity relates to nature and to each other. Read on The Dig>>

ALSO:

Gordon Campbell: On The Barriers Facing Female Politicians

On the current evidence though, voters are less likely to regard a female politician as ‘likeable’ than a male one, and – even worse – this perception tends to become a barrier that only female candidates in the main, have to face. More>>

The Detail: Britain's Trump Is Now Its Prime Minister

Guardian journalist James Murray says Boris Johnson wears the hat that works, depending on what he’s trying to achieve. More>>

ALSO:

Gordon Campbell: On Trump’s Open White Nationalism

By telling those four elected, American born and/or raised women of colour to “go home”, US President Donald Trump’s racist agenda has come out of the shadows. More>>

ALSO:

Mediaversaries: 20 Years Of The Scoop Information Ecosystem

Scoop celebrates its 20th anniversary this month. To celebrate, we are offering 20% off all ScoopPro subscriptions, including the newly launched ScoopPro Citizen service for Citizen readers. More>>

ALSO: