Parliament

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

 

Banks: SOEs (Protecting NZ’s Strategic Assets) Bill

State-Owned Enterprises and Crown Entities (Protecting New Zealand’s Strategic Assets) Amendment Bill
Speech by ACT Leader John Banks
Wednesday, August 29 2012

I rise on behalf of the ACT Party to oppose this bill.

The bill begins with an own goal.

The explanatory note tells us that:

‘Once a State enterprise or entity has been omitted from [the Act], a shareholding Minister may sell… …the enterprise or company. Future Parliaments would thereby be limited in their ability to reverse such changes.’

Parliament is already limited in its ability to buy and start businesses because the people know that it’s a bad idea.

The only reason the left need this legislation is because deep down they know governments running businesses doesn’t make sense.

They know that if the government didn’t own the businesses it owns today, they couldn’t justify buying or starting them.

They need this legislation because they can’t defend public ownership on the evidence.

Over the last three decades over 100 countries have engaged in privatisation.

They have collectively transferred over 2 trillion dollars worth of assets from the public to the private sector.

These have been studied to death.

There have been studies of the studies.

The Jury is in. Private enterprise runs business better than government can.

But sadly we don’t hear rational evidence based policy from the Labour Party like we used to.

The Labour Party, in the electorate of Waimakariri, used to have a man called Mike Moore.

Recently, Moore wrote:

‘What's the common denominator in success and failure?'

'Open economies always do better. Trade and competition drive up results and help to combat corruption, as well as allocate resources more efficiently. Private ownership, spread through society, works.’

That’s the quality of thinking that the Labour Party used to have in Waimakariri. In tune with the evidence, they used to say that private enterprise makes sense.

When I look at Bills like today’s it’s little wonder that the good people of Waimakiriri have elected a solid National Party representative – Kate Wilkinson, the Minster of Labour -- for the first time in the seat’s history.

The ACT Party opposes this bill for the simple reason that if governments running businesses made sense, the bill would not be necessary.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On National’s Rampant Pandering To The Farming Vote

What on earth has happened to the political parties n the centre-right? Once upon a time in the US, the party of Lincoln was a respectable political party before it devolved into the cult of Trump. Here at home, the National Parry used to be able to manage and administer the economic orthodoxy in a reasonably competent fashion. Now it can barely do simple addition and subtraction. Something must have gotten into the water, and not simply out on the farm... More>>

 

Winston Peters Speech: The Gathering Storm Clouds: Ihumatao

Frequently around New Zealand you hear people say that politicians are all the same. It’s a convenient way to dismiss any careful investigation of the truth of that statement. New Zealand First since its inception has been committed to ‘one law ... More>>

ALSO:

National Agriculture Policy: Will Restore Farmer Confidence And Pride

A National Government will reduce regulatory burden and give farmers confidence for the future. Leader of the National Party Judith Collins and Agriculture spokesperson David Bennett announced National’s Agriculture policy in Gisborne today. “Agriculture ... More>>

ALSO:

Shaw: Wealth Tax Not A Bottom Line For Green Party But They Will Push For It

Green Party co-leader James Shaw says one of his senior MPs misspoke under pressure when she said a wealth tax was one of the party's bottom lines. More>>

ALSO:

Government: More Border Exceptions For Critical Roles

The Government has established class exceptions for border entry for a limited number of veterinarians, deep sea fishing crew, as well as agricultural and horticultural machinery operators. “Tight border restrictions remain the backbone of the Government’s ... More>>

ALSO:


Gordon Campbell: On Last Night’s Leaders Debate

Do political debates change voter intentions, and cause voters to switch sides? According to a 2019 Harvard Business School study conducted across 61 elections in nine countries involving 172,000 respondents, the answer would seem to be a resounding ... More>>

ALSO:

Dunne Speaks: The Election Campaign Just Grinds Slowly On And On

With just over three weeks until the General Election, the release of the first major pre-election opinion poll this week confirmed what was already being reported about this year’s campaign. Although the gap between Labour and National has narrowed ... More>>

Electoral Commission: Candidate And Party Lists Released

17 registered political parties and 677 candidates will be contesting the 2020 General Election Nominations have now closed and the Electoral Commission has released the electorate and party list candidates for 2020 online at vote.nz . Advance voting ... More>>

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:

NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels