Emerson on privatisation

Written By: - Date published: 7:27 am, January 11th, 2012 - 24 comments
Categories: newspapers, privatisation - Tags: , , ,

Emerson from The Herald on privatisation:

24 comments on “Emerson on privatisation ”

  1. prism 1

    I’m glad to see some great cartoons with little barbs making very apposite comments are still around. We had a great cartoonist in Nelson who replaced Garrick Tremain and brought a sharper style but equal ability compared to this older cartoonist who has been doing good work for many years. Unfortunately Nelson is a place liking soft cushions when viewing reality, and this other guy I think was Mike Moreu and got the push.

  2. Irascible 2

    Brilliant cartoon.
    We still have to clean up the mess created by Bradford’s restructuring privatisation of the electricity reticulation industry. No promised reduction in power bills and a rapidly removal of funds to overseas conglomerates.

  3. hobbit 3

    Shame this cartoon ignores the list of company’s that have been turned around, from old, slow, bureaucratic, non-customer driven SOE’s – to modern businesses that now deliver results for their customers and their shareholders, without being a burden on the public purse.

    “No promised reduction in power bills”

    Ironically we only have one private power provider, with the rest being state controlled monopolies.

    If you want the break the monopoly and get a bit more competition in the electricity market, then I’ll guess you’d support selling 50% of each company?

    Nah, you’ll support total state controlled monopolies, then wonder why you pay so much for power.

    • Ari 3.1

      Which companies are you talking about? In my view the only companies that have actually improved after privatisation are the ones we’ve started to buy back.

      • hobbit 3.1.1

        “Were they racking up debts and posting losses”

        Yes, New Zealand Rail:

        “The government wrote off NZ$1.3 billion in debt acquired by the company from the Railways Corporation, and injected a further $300 million in capital. Despite this capital injection the company remained only marginally profitable, reporting after-tax profits of $36.2 million in 1992 and $18 million in 1993.”

        Tranz Rail actually improved once it was privatized, until the end of the 90’s when new management took over. Sadly with TR, the majority forget this and think rail privatization was a complete failure, when it was only the latter years that failed.

        Something for the lefties, who actually believe what their masters tell them, to foam over: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=229488

        • Draco T Bastard 3.1.1.1

          Tranz Rail actually improved once it was privatized, until the end of the 90′s when new management took over.

          You, of course, mean the period when it showed a profit due to asset stripping which could not then be maintained by the new owners which resulted in the government having to buy back an essential infrastructural asset.

          Yep, a perfect example of privatisation rewarding thieves at everyone else’s expense.

          And, no, I’m not going to take the word of the person in charge of the asset stripping. What I will do is take note of the result which was run down infrastructure and capital.

          • hobbit 3.1.1.1.1

            “You, of course, mean the period when it showed a profit due to asset stripping”

            Nah, the period where one of the good guys who was in charge massively increased the amount of freight being carried.

            “And, no, I’m not going to take the word of the person in charge of the asset stripping. What I will do is take note of the result which was run down infrastructure and capital.”

            Your clearly confused, that was in the latter years. If you did a bit of research about the 93 – 97 years you’ll actually see that it was genuinely profitable.

            IIRC capital expenditure only started dropping in 99 or so. Until then capital expenditure had been higher than it was during state ownership.

            • RedLogix 3.1.1.1.1.1

              If you did a bit of research about the 93 – 97 years you’ll actually see that it was genuinely profitable.

              In other words, before they had stripped all the asset out and generally ran the business down to the point where it was no longer profitable.

              Until then capital expenditure had been higher than it was during state ownership.

              But when the state brought it back it was so run down it now needs billions to bring it back to a safe and efficient standard.

              • hobbit

                “In other words, before they had stripped all the asset out and generally run the business down to the point where it was no longer profitable.”

                Sure, that happened later on. My point is that before that it was profitable before that due to reasons other than asset stripping.

                “But when the state brought it back it was so run down it now needs billions to bring it back to a safe and efficient standard.”

                Agreed. But, as a report into the railway agreed, the operation is safe. Things have only got better since then, too.

    • tc 3.2

      care to name these burdensome companies.

      Results for shareholders = profits that would be going into gov’t coffers, year in year out and any profit is a profit so how were they burdening the public purse ? Were they racking up debts and posting losses.

      Power is a natural monopoly so they may as well benefit the public not some foreign owner like the single privatised one you allude to.

    • KJT 3.3

      State monopolies that are run as pretend private companies, with all the inefficiencies, unnecessary duplication, costs of private finance, cutting salaries for skilled staff and excessive salaries at the top, that destroy our private businesses.

    • Jum 3.4

      hobbit,

      ‘now deliver results for their customers and their shareholders’

      as usual nothing about the workers who produce the results and also deserve a fair wage.

      • hobbit 3.4.1

        If their workers don’t think they are being paid enough, then by all means they should offer their services elsewhere or try to negotiate a new rate of pay with the employer.

        Kinda goes without saying, I would have thought.

        I’m actually in favor of workers joining a union rather than not. As long as its not forced ie a return to the 70’s. But I don’t like reading about a union official using bad language in the media, or seeing a union official on the news using a disgusting tone of voice over a loud speaker, like some kind of protestor. POT management didn’t resort to that, and neither should the union guy.

        • McFlock 3.4.1.1

          Oh, okay – the peasants can organise, but only as long as they’re clean and polite.
            
           

        • Frank Macskasy 3.4.1.2

          “But I don’t like reading about a union official using bad language in the media, or seeing a union official on the news using a disgusting tone of voice over a loud speaker, like some kind of protestor. POT management didn’t resort to that, and neither should the union guy.”

          Sorry, guv’. *tugs forelock*

    • “Ironically we only have one private power provider, with the rest being state controlled monopolies.
      If you want the break the monopoly and get a bit more competition in the electricity market, then I’ll guess you’d support selling 50% of each company?”

      So how come the private company (Contact) doesn’t undercut the three state power companies, “Hobbit”?

      After all, if private enterprise is more efficient, then ipso facto, they should be passingf on their efficiency gains to customers through cheaper power rates.

      Right?

      • hobbit 3.5.1

        “So how come the private company (Contact) doesn’t undercut the three state power companies, “Hobbit”?”

        No incentive to, at the moment, when the rest of the electricity market is state controlled.

  4. RedLogix 4

    It’s the inherent nature of capitalism; cost one way, profits the other.

    • Colonial Viper 4.1

      Costs to workers, the community and the environment; profits to owners, shareholders and their lieutenants.

  5. Jum 5

    Too bloody late the cartoonist sees what was obvious to anyone with two braincells 3 and a half years ago; Key is leaving New Zealanders with all the bills to pay and none of the dividends.

  6. Jum 6

    It’s becoming obvious that workers don’t really exist – we live in a country of consumers and shareholders – it seems really strange to me that none of those consumers or even those richer shareholders have ever considered the fact that workers deserve a proper wage and job security. Aren’t they children, parents, brothers, sisters, cousins, uncles, aunts of those consumers?

    With the shareholders I have more of a problem imagining they actually give a damn.

    Any new shareholders that have scraped together money to buy a few of SOE assets they already own will be happy to stab their children, parents, brothers, sisters, cousins, uncles, aunts in the back to get a bigger dividend.

    I know it seems strange but aren’t those people the same? They’re actually dismantling their own future – very strange.

  7. My partner tells me of a visit she had today, at her workplace, from one of their regular clients. “Mark”* is a self-employed person, and like many in his position, is not someone to vote for Labour, Greens, or any other centre-left Party.

    He visits every so often and they natter about various things happening in New Zealand – especially the way the country is going.

    We strongly suspect he voted National, last November, despite not liking some of their policies.

    Anyway, “Mark” comes in and starts to discuss what National is getting up to. He complains bitterly, that with the part-privatisation of the power companies, he is expecting his electricity bill to skyrocket.

    My partner simply looks at him and asks,

    “Who did you vote for Mark”? I wouldn’t complain if I were you. You got what you voted for.”

    His only reply is a surly, “Don’t you start!”

    At least she didn’t say to him, “I told you so!!!” (But I would’ve.)

    It seems that the first chicken has come home to roost for those who voted National…

    (True story. Damn, it made my day!!!)

    * Not his real name

Recent Comments

Recent Posts

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government redress for Te Korowai o Wainuiārua
    The Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Focus on outstanding minerals permit applications
    New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says.  “While there are no set timeframes for ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Applications open for NZ-Ireland Research Call
    The New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tenancy rules changes to improve rental market
    The coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Boosting NZ’s trade and agricultural relationship with China
    Trade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Freshwater farm plan systems to be improved
    The coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Fast Track Projects advisory group named
    The coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific and Gaza focus of UN talks
    Foreign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza.    “Small states in the Pacific rely on collective ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government honours Taranaki Maunga deal
    The Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-18T04:51:35+00:00