assets
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- privatisation (511)
The weak neolib defence of asset sales
Written By: - Date published: 9:16 am, June 1st, 2010 - 23 comments
The neoliberal dinosaurs at Anti-dismal have presented their defence of National’s privatisation agenda by responding to my post “Privatisation: the facts”. Their responses offer an insight into the neoliberal mind – asset stripping is good, it’s fine to get ripped off when selling assets, and who cares that the ‘mums and dads’ line is bollocks, the rich deserve the assets more.
Privatisation: The facts
Written By: - Date published: 11:20 am, May 27th, 2010 - 89 comments
There is no economic logic to selling SOEs. This ‘mum and dad’ stuff is just fluff to disguise the real agenda – taking quality companies that have been built up by taxpayers over the generations and selling them off cheap to the capitalist class so they can make a quick buck.
Privatisation: The Myths
Written By: - Date published: 10:57 am, May 26th, 2010 - 66 comments
So Blinglish’s new and improved less-bitter poison is part-privatisation. In much the same way as marketing a filling as more fun than a full root-canal, he thinks that if he sells each of his mates one piece of the family silver (and keeps the spoons) instead of flogging off the whole set to one of his mates, we’ll be much happier.
Softening the public up for privatisation
Written By: - Date published: 1:05 pm, May 25th, 2010 - 39 comments
One thing National does very well is spend a lot of time softening the public up for unpopular moves so that the public attention has moved on by the time anything actually happens. Look at GST. The ‘rabbit from a hat’ trick of borrowing for larger income tax cuts served to divert attention from the well-signaled GST hike. They’re running the same strategy on privatisation.
Kiwirail making big profits
Written By: - Date published: 12:24 pm, May 24th, 2010 - 84 comments
We don’t expect the state highway network to turn a profit but we know it contributes enormous value to our economy.Airports, seaports, and telecommunications network add more to the economy than just the profits of the companies. Same with rail. But what will come as a surprise, given the Right’s constant attacks, is that Kiwirail will also be making a $4 billion profit in the next decade.
Fishing Industry Pushes For Self-regulation
Written By: - Date published: 11:00 am, May 24th, 2010 - 41 comments
In a move that can only be described as the fox guarding the hen house, the fishing industry has released plans for self-regulation entitled ‘Managing Our Own Ship’. National would be making a huge mistake to hand over more power to the fishing industry and in the end it would be the people who would have to deal with the consequences.
Nats preparing to sell assets, despite promises
Written By: - Date published: 4:18 pm, May 21st, 2010 - 109 comments
In 2008, Bill English was sprung secretly telling National members that he and Key would sell Kiwibank “‘eventually but not now”. After being caught out, English and Key categorically ruled out asset sales in the first term of a National government and said they would seek a mandate to make any sales in a second term.
Why the miners are so keen on public land
Written By: - Date published: 10:19 am, May 3rd, 2010 - 36 comments
Most of this country’s mineral wealth lies under private land, according to the government’s own figures. So, why are the Nats so determined to override public opinion and let their mining allies dig up our precious protected lands? Simple: mining on private land means paying a lease to the owner. Mining on public land is cheaper: we’re played like chumps for bigger profits.
Labour to restore democracy in Canterbury
Written By: - Date published: 8:21 am, April 28th, 2010 - 78 comments
Last month, the Government abolished the democratically-elected Canterbury Regional Council known as Environment Canterbury. Not only were the current elected officials booted out, Cantabarians were denied their right to elect the next council in the upcoming local body elections. Now, Labour has pledged to restore democracy to Canterbury.
Goff stands up for democracy in Auckland
Written By: - Date published: 11:34 am, April 27th, 2010 - 70 comments
Fresh from promising to restore the top tax rate that National is set to abolish and give the revenue to the poor, Phil Goff has outlined his vision for fixing National’s undemocratic Supercity. National and Act have ridden roughshod over Auckland democracy in the interests of their corporate allies. Phil Goff has made it clear that Labour will restore local democracy.
Send a JAFA to Wellington….
Written By: - Date published: 9:52 pm, April 26th, 2010 - 12 comments
To paraphrase Muldoon – send a JAFA to Wellington, and we can only increase the average intelligence of both parts of the country. Needless to say, TV news chose to focus on a minor story in Goffs speech. If a future mayor of Auckland, Brown, can sit at the cabinet table on decisions related to […]
RNZ reveals ACC privatisation agenda
Written By: - Date published: 9:03 am, April 23rd, 2010 - 71 comments
National’s hysteria around ACC last year was focused on creating an air of crisis. Now they’re going to ‘do something’. That something is privatisation of ACC. It won’t work, it won’t save money. The costs of injuries will still exist. Privatisation will put more of that cost on the injured. Added ligation and profits will mean worse cover for more cost.
Remember, John, you promised no asset sales
Written By: - Date published: 9:06 am, April 20th, 2010 - 29 comments
In 2008 John Key made this crystal clear promise: “That in the first term of the National government there will be no state assets that will be sold either partially or fully.” Now, Land Information New Zealand is proposing the sale of seven high country stations as part of the tenure review process. Key must keep his promise not to sell state assets and turn down this proposal immediately.
Anyone else make a connection?
Written By: - Date published: 12:34 pm, April 16th, 2010 - 34 comments
Last year, Telecom screws over its engineers. Decides to make them dependent contractors. EPMU wins real jobs for most of them. Better contract conditions for others. But a sh*tload of experienced engineers say screw Telecom and leave the industry. Then the faults start. XT becomes a laughingstock. Customers leave in droves. Next, profit warning.
Davis on iwi-run prisons
Written By: - Date published: 10:00 am, April 16th, 2010 - 37 comments
Kelvin Davis: It goes to show how high the aspirations of some of our Maori leaders are. We now aspire to bung the bros in the hinaki and watch the dollars roll in. The longer and more often we can put them away, the sooner we will be able to afford to expand the prison and lock even more away. With the soaring crime rate and high Maori unemployment everything is coming together nicely.
PPPs don’t make economic sense
Written By: - Date published: 9:57 am, April 15th, 2010 - 55 comments
National’s apologists say we should let private corporations run our prisons because it will save money. But do Public Private Partnerships (privatisation in drag) really save money? The experience here and abroad says no. To put it bluntly, when you rely on someone else to deliver something you need they’ve got you by the balls and the profit motive gives them plenty of incentive to squeeze.
The privatisation push
Written By: - Date published: 7:35 pm, April 14th, 2010 - 99 comments
National has announced the location for its first private prison on the same day we find out that they want their working group to look at privatising welfare. Private prisons were signaled by National. Privatising welfare was not. In both cases the victims will be a segment of society that this government and its supporters have actively vilified and the ones with the most to gain will be overseas corporations.
You know your policy sucks when…
Written By: - Date published: 12:42 pm, April 9th, 2010 - 21 comments
Even Guyon Espiner is concerned about the lack of quality analysis and policy design. If the government were serious about helping families in need it’s priority would be getting people back into work and better pay and conditions for low income workers. The fact that is has gone with this Whanau Ora nonsense shows it has no real intention of tackling the causes of this country’s social ills.
Whanau Ora minister, Foreshore sell-out
Written By: - Date published: 10:25 am, April 9th, 2010 - 13 comments
Maori activists who want a better deal on the foreshore and seabed can rest assured that the Maori Party is about to sell them out. Tariana Turia just got herself a shiny new portfolio as Minister for Whanau Ora, whatever it is. Do you really think she’s going to give up a control over a policy that National has agreed to just for her? Do you really think she’ll stand strong on her principles over the foreshore and seabed if it means losing the Crown limo?
Take it out of my ‘tax cut’
Written By: - Date published: 9:22 am, April 9th, 2010 - 30 comments
So the govt wants to sue the Waihopai 3 for $1.1 mil. No pesky jury this time. The dudes only have a grand between them. Spending a couple of hundred thousand on lawyers’ fees to bankrupt some hippies. Doesn’t seem like the best use of taxpayer cash. Tell you what. If the govt really wants its $1.1 million they can take it out of our tax ‘cuts’. 25 cents each. That’ll be my tax cut pretty much gone.
Whanau Ora report unacceptably poor
Written By: - Date published: 6:42 pm, April 8th, 2010 - 41 comments
The Whanau Ora Taskforce report is out and it fails to even attempt to answer simple questions like ‘why is Whanau Ora the best way to help families’. It provides no evidence it will work. Check out the graphic to the right – what does it even mean? All we do know is Whanau Ora will put public money in unaccountable private hands and be privatisation by stealth.
Hide to speak at privatisation conference
Written By: - Date published: 8:42 am, April 6th, 2010 - 23 comments
Last year, Rodney Hide said that John Key is a ‘do nothing’ prime minister, and his fellow ministers were lazy and didn’t pay attention what his was up to. Well, they might like to pay attention now: Hide is keynote speaker at a conference on local government later this month where water privatisation is the highlight of the agenda. Does Key support Hide’s push for water privatisation?
Fabian seminar gets big tick
Written By: - Date published: 8:00 pm, March 18th, 2010 - 19 comments
The first Fabian Society seminar in Auckland last weekend attracted a good crowd watch an participate as some of New Zealand’s top economic thinkers debated how to get the economy working for us. It has been judged a huge success. The next seminars will be in Wellington on Sunday 28 March and in Christchurch on 18 April.
Privatising national parks
Written By: - Date published: 8:55 am, March 2nd, 2010 - 16 comments
Over at Pundit Claire Browning points out that the National government is trying to get away with a huge con. They promised not to privatise state assets (in their first term), but now they are effectively privatising the biggest asset of them all…
Telecom XT
Written By: - Date published: 2:39 pm, February 26th, 2010 - 41 comments
The heart of the telecom XT network?
Seriously though, when the 111 call system fails, lives are at risk…
Privatisation failures: Telecom
Written By: - Date published: 9:01 am, January 28th, 2010 - 28 comments
If Telecom were an SOE there would be cries to privatise it. These repeated crashes of XT simply aren’t good enough. Just the latest in a litany of failures since it was sold. Fact is, we should haven’t sold Telecom in the first place. Just needed to start running it properly. Now, we’re sending profits overseas […]
‘3 strikes’, typical ‘Do Nothing’ Key policy
Written By: - Date published: 8:08 am, January 20th, 2010 - 90 comments
The ‘3 strikes’ policy is the kind of policy you put in place when you want to look tough on crime but you have no idea how to actually reduce it, in the same way a cycleway is the jobs plan you have when you don’t have a plan. We know locking people up longer doesn’t […]
Whanau Ora: privatisation by stealth
Written By: - Date published: 9:01 am, December 21st, 2009 - 23 comments
The government is beginning to explain more about its Whanau Ora plan, although it is still startlingly vague considering we’re talking a billion dollars of taxpayer dollars a year. The idea seems to be to get more money that is currently spent by social welfare departments passed on to private community groups, who will supposedly […]
Right’s privatisation arguments rubbish
Written By: - Date published: 3:05 pm, December 20th, 2009 - 152 comments
As a senior economist at a respected company, John Carran wrote some apallingly simplistic tripe in his article, “Exorcising the asset sale bogey“, Dominion Post, 19 Dec. It is as if the programme of privatisation in the late 1980s and 1990s never happened, and we have learnt nothing from those experiences and subsequent socio-economic consequences. […]
Capital market taskforce pushes asset sales scam
Written By: - Date published: 1:00 pm, December 16th, 2009 - 47 comments
Another government-appointed taskforce of rightwing, market ideologues (this time appointed by Labour, the fools) has reported and, surprise, surprise, their report is a rightwing prescription without any supporting argument that it would be good for the country. The headline recommendation of the Capital Market Development Taskforce is that the government sell shares in SOEs. The […]
Brown picks up momentum
Written By: - Date published: 4:20 pm, December 15th, 2009 - 29 comments
It’s interesting to look at the trend behind the headline 11 point poll lead Len Brown has opened up over John Banks as reported in today’s Herald. In April Brown was only rated as preferred mayor by 6% of Aucklanders verse 17% for Banks. A head-to-head poll in late July put him one point ahead […]
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