Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Winston’s Great TPPA Con Job

Winston Peters can today celebrate how he got away with the greatest political con job in recent years.

With Australia having now signed the Trans Pacific Partnership Agreement which triggers its formal activation, Peters, who was the most vocal critic of the deal while in opposition, can now, as Foreign Minister with all the baubles of office, oversee putting it into operation.

Thousands of New Zealanders will be kicking themselves for voting for NZ First at the last election on the promise the party would continue to campaign against the toxic deal if they got into parliament.

Their vote was reinforced by the private members bill the party promoted through its current deputy leader Fletcher Tabuteau which sought to ban both the TPPA and all further agreements of its type.

They must be choking to hear Trade Minister David Parker make the preposterous claim that the deal “has benefits that will spread throughout the economy to every person in New Zealand from the factory floor to the farm owner”.

The underwhelming benefit of $200 million in tariffs that would supposedly be saved each year equates to the enormous sum of 81 cents per week if it were distributed to every person in New Zealand, which it won’t be.

Even the “estimated” $3 billion a year in GDP benefit in 10 years time would make Kiwis better off by just $12.14 per week it they got it, but in reality, the largest share of it will go to the overseas corporations that already own nearly half the country’s biggest businesses.

That pales in insignificance when compared to the benefit all Kiwis would gain from the investment back into the country of the $6 billion every year the government currently pays in interest to mostly foreign owned financial institutions who fund its borrowing.

The government could instead use the central bank (Reserve Bank) to access the funds it needs, as Japan is doing, using that wasted interest to fund major investment in health, education, housing, and infrastructure projects – a solution that was implemented by the government in the 1930’s.

Social Credit would not compromise on restoring New Zealand’s sovereignty over its own affairs should it be in any position such a Winston Peters found himself just 12 months ago.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Worksafe’s Whakaari/White Island Prosecutions Are Good News

Somewhere in Heaven, Helen Kelly must be smiling about Worksafe’s criminal prosecution of 10 firms and three individuals for their roles in the lead up to the Whakaari /White Island tragedy. In tandem with the subsequent coronial inquest, these court proceedings will hopefully culminate in the creation ( finally!) of a central agency to regulate the adventure tourism sector and improve public safety on matters like risk assessment, safety guidelines, inspection, enforcement and injury reporting... More>>

 

Pill Testing: Govt Moves On Drug Checking To Keep Young New Zealanders Safer This Summer

The Government will pass time limited legislation to give legal certainty to drug checking services, so they can carry out their work to keep New Zealanders safer this summer at festivals without fear of prosecution, Health Minister Andrew Little ... More>>

ALSO:

WorkSafe: 13 Parties Charged Over Whakaari/White Island Tragedy

WorkSafe New Zealand today filed charges against 13 parties in relation to the Whakaari/White Island eruption in December last year. “22 people have lost their lives in this tragic event. WorkSafe is tasked with investigating workplace incidents to determine ... More>>

ALSO:

Pay Gap: Progress On Pay Equity For DHB Staff

Today’s initial agreement between DHBs and the PSA on pay equity for clerical and administration staff is an important step toward better, fairer pay for this crucial and largely female workforce, Health Minister Andrew Little says. More>>

ALSO:


Media: Stuff Holds Itself Accountable For Wrongs To Māori

Stuff has today published the results of an investigation into itself, and issued a public apology, for the way the media organisation has portrayed Māori, the indigenous people of Aotearoa New Zealand, from its first editions to now. Tā Mātou Pono | More>>

ALSO:

New Zealand Government: To Declare A Climate Emergency

The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today. “We are in the midst of a climate crisis that will impact on nearly every aspect of our lives and the type of planet our children will inherit ... More>>

ALSO:

Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels