Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Privatisation failed

2 October 2001 Media Statement

Privatisation failed


New Zealand's experiment with privatisation of publicly-owned strategic assets largely failed, Deputy Prime Minister and Alliance leader Jim Anderton argues in a speech prepared for the Commonwealth Business Forum.

The Forum was to have been held in Melbourne this week, but was cancelled following the decision to cancel Chogm. Jim Anderton was to speak at a plenary session on public-private partnerships in infrastructure development.

Releasing the address he would have given at the Forum, Jim Anderton said New Zealand had tried virtually every configuration of privatisation, and had some important lessons for the rest of the world.

"In banking, electricity, telecommunications and transport, to name a few, the public sector is making a come-back," Jim Anderton said.

"Yesterday the government announced an exchange of letters with Tranz Rail over the Auckland rail corridor. Two weeks ago, the government announced a loan facility for Air New Zealand. We are setting up a people's bank. We have had major inquiries and regulatory changes in energy and telecommunications.

"New Zealand has learnt some lessons from privatisation."

Jim Anderton gave NZ Post as an example of a successful public enterprise.

"NZ Post offers the cheapest standard letter rate in the world. It is highly profitable, it has a clear strategic focus, strong management, good disciplines, and a forward strategy including moving into banking and expanding overseas.

"The lesson is that public sector is not just public – it also has to be enterprising. The public sector cannot be successful where it attempts merely to stand still and administer. It needs to be accountable, innovative and adaptable. It needs to make good investment decisions, have clear objectives and it needs to meet the market. In the case of the public sector, ‘meeting the market’ means meeting the needs of the wider public who own it."

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>

 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels