First let me say that the NZ Power policy is some of the best progressive policy I’ve seen for a long time – it’s so good to see a real move to break with the Chicago School consensus. And it’s good to see the right caught off guard and resorting to showing the ugly abusive face they usually keep in check. Remember, in politics losing your cool is losing.
But let’s also be clear that this is a policy that threatens to transfer wealth from the elite to the people and, once they gather themselves, the elite will come after this policy hard. Not only to stop NZ Power, but because they know that if it gains traction then it might embolden the electorate to embrace other social democratic policies.
I’d bet a years worth of NZ Power savings that we’ll see some very well financed campaigns against this policy and against Labour over the next few months that focus on their “BAD ECONOMICS!!!” and lots of stern talking tos by a variety of serious-men-in-suits-who-know-better-than-we-do (BAD ECONOMICS!!!).
I think that Labour and the Greens will stand strong, and I think that activists will help them to push back hard. This is a vital policy and we need to make sure the next steps toward getting it in place are as strong as the one that was taken today.