David Cunliffe has announced his final big policy. It’s called NZ Inc and it’s a bloody smart move.
To quote Labour:
NZ Inc will pull together the value of our resources, and use them to build a publicly owned asset base that drives long-term sustainable economic growth.
It will stop future privatisations. Each SOE and Mixed Ownership Model company will have a Kiwi Share created and held by the Crown under new legislation, which will state that the Crown cannot sell-down its shareholding in these assets.
But even more importantly it will use the profits of those assets, and our future oil and gas revenues to grow the a sustainable economy and regain public ownership of more of our wealth.
NZ Inc will be mandated to buy, own, and build strategic assets that will help to grow our economy. And because it belongs to you, it will keep its profits in New Zealand. For all of us.
NZ Inc – it belongs to you
NZ Inc will have the mandate to help transition New Zealand to a smart, clean, and fair nation. So we have a sustainable base to grow even stronger in the future.
It’s about making sure our children and their children have a decent stake in New Zealand and have the power to make decisions about the New Zealand they want for generations to come.
Labour knows New Zealanders deserve the right to choose their own future. NZ Inc will help make sure we can.
This will appeal to the Greens and to Winston. More importantly it will appeal to a huge number of New Zealanders who are sick of having National sell down their assets and take their future away.