web analytics

Roger Douglas on Key and English

Written By: - Date published: 11:54 am, June 21st, 2009 - 19 comments
Categories: act, blogs, national - Tags: , , , ,

Commenting on Key’s policy to force the Guardians of the Super Fund to invest 40% of funds in New Zealand, ACT’s Roger Douglas notices a pattern we’ve posted on here at The Standard before:

“This only enforces the emerging trend we have seen between Mr Key and Mr English. Mr Key announces a stupid idea – be it a cycleway or forced investment in New Zealand – Mr English realises the idea is stupid, and distances himself from it.

“The Prime Minister then becomes hell-bent on scoring another symbolic victory over the Finance Minister – who backs down and Mr Key gets his way. But these battles are only resulting in pyrrhic victories – neither the cycleway nor forced investment will make New Zealand better long term.

“The trend is towards an obsession with massaging Mr Key’s political image, at the expense of New Zealand’s long term prospects.

Can’t argue with that.

[Hat tip: Trevor Mallard at Red Alert.]

19 comments on “Roger Douglas on Key and English ”

  1. mike 1

    But, but Douglas is a political dinosaur whose ideas are irrelevant in the modern era…

  2. craig 2

    I’m confused too – I thought the left wing would want a stipulated portion of the super fund money invested in NZ???

    And isn’t Roger Douglas’ sole purpose as an MP to try and push NZ further to the right?

    “neither the cycleway nor forced investment will make New Zealand better long term.”

    Like you know what Roger Douglas thinks would be better for NZ long term – no tax and poor people dying in the streets….

    I mean do you agree with Roger Douglas because you think the Super Fund should be invested where ever it can find the highest rate of return (even if that’s all outside NZ and possibly in immoral companies)?

    Or just because your hatred for John Key borders on irrational and anytime someone disses him you like to jump on the bandwagon?

    • Eddie 2.1

      Um, it’s not about the Super Fund per se, it’s about the pattern where Key comes up with a bright idea, English then distances himself from it and either quietly kills it or gets publicly overruled by Key. Whatever you think of the individual issues, it’s clear there are some deep divisions between English and Key.

      As for the Super Fund, I think the 40% directive goes against the entire point of the fund – to maximise returns on NZ’s investment to help smooth the costs of the retiring baby boomer generation (though personally I’m inclined to make those intergenerational thieves pay their own way).

      The fund wasn’t designed to provide cheap investment capital for NZ businesses. The Guardians don’t like the 40% directive, they think there aren’t enough investment opportunities and it’ll lead to lower returns. That means higher taxes or reduced Super entitlements in future.

  3. craig 3

    “it’s clear there are some deep divisions between English and Key.”

    Whereas Helen Clark and Phil Goff were totally best friends? Look at Obama and Clinton – a little bit of disagreement is a good thing. Key has to portray the image that he’s in charge to the public, but we have no idea to what extent he listens to or incorporates English’s ideas and suggestions behind closed doors.

    “I think the 40% directive goes against the entire point of the fund to maximise returns on NZ’s investment to help smooth the costs of the retiring baby boomer generation over time.”

    You know what could probably get great returns – chemical weapons. However a lot of people think investments should be channeled by more than just a single goal of “maximising returns”… A bit like profit vs the triple bottom line in business.

    • Eddie 3.1

      I’m all for ethical investment and agree with the Greens on that count. I don’t think the misguided economic nationalism of insisting we only invest in NZ makes sense though.

      Goff and Clark got along fine during the last term of government. Remember, she’s the one who made sure he succeeded her as leader. But where you’ve got the PM and the Finance Minister busily undermining each other in public over major policy positions it’s hard to argue that it’s just healthy competition of ideas.

      • Anita 3.1.1

        I don’t think the misguided economic nationalism of insisting we only invest in NZ makes sense though.

        Why not?

        I can never wrap my head around the economics (which, it seems to me, are a balance between higher possible gains by choosing riskier markets and increased investment through increased tax take from economic stimulation and stable investment in infrastructure), so I’m curious about your logic.

      • burt 3.1.2

        Eddie

        So are you anti nationalising NZ assets?

  4. Ianmac 4

    It is OK to have ideas rubbing against each other. It is the pattern of fanciful Key ideas versus the pragmatic English ideas which seem to highlight the odd couple. If we were brainstorming any ideas at all for a solution to a problem, then included in the list would be fanciful fantastic suggestions, BUT would the Chairman or PM announce the fanciful ones as real soloutions? (Oops! But will leave that as solo-utions.) Not a very wise step let alone examples of the “PM being from a pragmatic philosophy.”

  5. burt 5

    Eddie

    Sir Roger also makes some very valid points here;
    http://www.scoop.co.nz/stories/PA0906/S00272.htm

    • Anita 5.1

      I had forgotten just how pompous Douglas can sound:

      I consider it a great misfortune that Michael Joseph Savage did not live to see the effects of his vision.
      If he did, I am sure that he, like me, would realise the error of our ways

      (I think the ungrammaticality makes the pompousness more cringe inducing, but is not unusual in speeches)

  6. mike 6

    “But where you’ve got the PM and the Finance Minister busily undermining each other in public ”

    Really? not over playing it a tincy wee bit Ed?

    JK and Bill have some different ideas and are capable of thinking outside of a strict doctrine and aren’t controlled by the mothership as was labour. Very Refreshing and it looks like NZ agrees going by the latest poll

    http://www.roymorgan.com/news/polls/2009/4391/

  7. Craig Glen Eden 7

    Successful Leader ship in Political terms ( no matter what colour the team is) will always be seen to sing from the same song sheet. I think it is you Mike that is over doing it with the rhetoric.

    Key and English make contradicting statements, they are not just differing views on how to move in the same direction they actually contradict each other.

    They have got away with it so far granted, but once Keys lack of vision and poor political management continues to be exposed things will change. I talk to people weekly who voted National who are now just realizing the mistake that they made.

    Enjoy the warm glow of the latest poll, but remember what goes up must come down and John Key will fall like a Blimp on fire. The Polling was good for National and Lee before the Mount Albert Election but time and a few stumbles and that all changed.
    Key has over promised and he will under deliver, unlike a successful National leader like Bolger, who promised nothing but always just did enough because he was seen to be reliable and a safe pair of hands.

  8. StephenR 8

    burt, interesting spiel from Douglas, especially on super. Has it been discussed anywhere that you know of? Wouldn’t be surprised if not, because I suspect it’s roughly a ‘standard’ speech on his part.

  9. Samuel Konkin 9

    @ StephenR,

    Generally speaking, there is much discussion of the fact that pay-as-you-go systems are inappropriate in places with changing demographics, and that if you save for yourself the returns are much better.

  10. StephenR 10

    the fact that pay-as-you-go systems are inappropriate in places with changing demographics

    Ta. Do you mean places with changing demographics are high population growth countries i.e. pay as you go would be suitable for somewhere like NZ?

  11. Samuel Konkin 11

    It depends on the differences in demographics, and the sustainability of population growth. So high growth in recent years will not be sufficient for the baby boomers, especially when couples with increased health costs.

Links to post

Recent Comments

Recent Posts

  • Backing world-class innovation in New Zealand
    $12 million Government investment to support cutting-edge R&D in New Zealand by international businesses Dawn Aerospace and Merlin Labs join Innovative Partnership’s Airspace Integration Trials programme MOU signed with Air New Zealand to conduct a nationwide feasibility study into sustainable aviation fuels The Government is propelling cutting-edge innovation through a ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • One-way quarantine free travel dates confirmed for RSE scheme
    From 4 October RSE workers from Vanuatu can begin arriving into New Zealand From 12 October RSE workers Samoa and Tonga from can begin arriving into New Zealand As part of a programme of work to reopen our borders and reconnect with the world, the Government has announced quarantine free ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • More community grants to support youth mental wellbeing
    The Government continues to make more mental health and wellbeing supports available to young people to ensure services are there when and where they need them, Health Minister Andrew Little says. “More than twenty community-led projects have now received a funding boost through The Youth Mental Wellbeing Fund to keep ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Self-isolation pilot to start with 150 people
    The goal of safely re-opening our borders and developing new ways for people to travel will start with a self-isolation pilot, COVID-19 Response Minister Chris Hipkins confirmed today. “As part of the Reconnecting New Zealanders plan announced in August, the self-isolation pilot will look at self-isolation for vaccinated travellers who ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Poroporoaki: Waka Joseph Nathan
    E Waka e, kei hea ra koe, kua ngaro nei i te iwi e, E kawe nei i ngā rongo, i ngā mahara mōu, i ngā wawata i hua mai i a koe. E Waka e, haere ra, kei te tuahu koe o te ati a toa, Kei poho tonu ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Canterbury school students get hands-on with food and fibre careers
    Secondary school students in Canterbury will have the breadth of food and fibre careers showcased to them thanks to a new initiative launched today, Agriculture Minister Damien O’Connor said. Secondary School Employer Partnerships (SSEP) Canterbury is a collaboration between the Ministry for Primary Industries and SmartNZ, a charitable trust that connects ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Tuvalu language revival and COVID-19
    Te Vaiaso o te Gana Tuvalu 2021 - Tuvalu Language Week moves online due to the uncertainty around COVID-19 said the Minister for Pacific Peoples Aupito William Sio.  “However it is a timely reminder of the power of embracing both traditional and new ways of doing things. It has been ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Strengthened reporting will improve abortion and sterilisation services
    Associate Minister of Health Dr Ayesha Verrall has announced new data and reporting regulations which will help improve abortion and sterilisation services in New Zealand, by painting a clearer picture of the need in our communities. “The Government is committed to ensuring everyone who needs to access abortion services can, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • United Nations General Assembly: 76th General Debate Statement
    E ngā Mana, e ngā Reo, Rau Rangatira mā o tēnei Whare Nui o te Ao Prestigious people, Speakers of note, Chiefs one and all of this General Assembly Ngā mihi mahana ki o koutou katoa, mai i toku Whenua o Aotearoa Warm greetings to you all from my home ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • APEC 2021 Women and the Economy Forum prioritises women’s economic empowerment
    Minister for Women Jan Tinetti today chaired the virtual APEC 2021 Women and the Economy Forum, which is working to address outstanding issues for women and girls across the region as it recovers from the COVID-19 pandemic. The forum brought together Ministers and representatives from 21 economies to discuss gender ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government invests in restoring iconic South Canterbury river valleys
    The Government is investing up to $18.4 million over four years to create jobs and help restore braided river valleys, alpine and pastoral lands in the South Island as part of its Jobs for Nature programme Land Information Minister, Damien O’Connor announced. Toitū Te Whenua Land Information New Zealand (LINZ) ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Upper Hauraki to move to Alert Level 2
    Upper Hauraki will move to Alert Level 2 from 11:59pm tomorrow, 25 September, COVID-19 Response Minister Chris Hipkins confirmed today. After positive cases were detected in the Upper Hauraki area on Sunday, extra Alert Level restrictions were put in place to immediately prevent any wider transmission of the virus.  “We’ve ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Report into Aotearoa New Zealand’s export controls system released
    Foreign Affairs Minister Nanaia Mahuta today welcomed the findings of an independent review into Aotearoa New Zealand’s export controls system, which regulates the export of goods to foreign militaries, police forces or paramilitaries. Produced by David Smol, a former Chief Executive of the Ministry of Business, Innovation and Employment, the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New District Court Judge appointed
    Attorney-General David Parker has announced the appointment of Brett Crowley of Wellington as a District Court Judge.  He is currently the Wellington Public Defender and started his career as a staff solicitor working in a range of litigation including criminal defence work. He went to the bar in 1999 specialising ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Mental health stocktake shows strong progress
    The first report of the Government’s Implementation Unit has found strong progress has been made since the Mental Health and Addictions Package was announced in 2019. “The report notes most initiatives funded in the Budget 2019 package are on track to deliver what is expected by 2023/24,” Grant Robertson said. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Working together to grow the West Coast
    A project that has been crucial in allowing businesses to continue during the tourism downturn is among a number of initiatives to receive a boost from the Government’s Jobs For Nature programme, Conservation Minister Kiri Allan says. Sustaining South Westland is an extension of an initiative set up last year ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Next steps to improve safety in wake of Whakaari White Island tragedy
    The Government is moving to improve safety in light of the Whakaari White Island tragedy and has released proposals to reinforce safety standards in registered adventure activities. The package of proposals includes: Strengthening requirements for how operators, landowners and the regulator manage natural hazard risks Improving how risks are monitored, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand donates more COVID-19 vaccines to COVAX and the Pacific
    Foreign Affairs Minister Hon Nanaia Mahuta and Associate Health Minister Aupito William Sio announced today that New Zealand is donating additional Pfizer vaccines to the Pacific and AstraZeneca vaccines to the COVAX Facility, to support equitable access to COVID-19 vaccines. “New Zealand is donating 708,000 doses of the AstraZeneca COVID-19 vaccine ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to the Property Council of New Zealand
    Kia ora koutou katoa   Is it a pleasure to be able to speak with you today, and to be able to answer some questions you may have. I would like to acknowledge the organisers of this event, the Property Council. The theme of this year’s conference is City Shapers. Together ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Additional MIQ for Christchurch
    An additional hotel will be added to our network of managed isolation and quarantine facilities, COVID-19 Response Minister Chris Hipkins said today. “I have approved and Cabinet is in the final stages of signing off The Quality Hotel Elms in Christchurch as a new managed isolation facility,” Chris Hipkins said. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ COVID-19 response earns another major digital investment
    Minister for the Digital Economy and Communications Dr David Clark welcomes Amazon’s Web Services’ (AWS) decision to establish a Cloud Region on New Zealand shores, further boosting New Zealand’s growing digital sector, and providing a vote of confidence in the direction of New Zealand’s economic recovery. “Amazon is the second ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand invests in cutting edge cancer R&D
    Scaling up the manufacture of CAR T-cell cancer therapy for clinical trials Advancing New Zealand’s biomedical manufacturing capability Supporting future international scientific collaborations Transforming cancer care with targeted, affordable solutions Research, Science and Innovation Minister Hon Dr Megan Woods has announced that the fight against COVID-19 will not stop the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Expert group appointed to lead New Zealand’s future health system
    An outstanding group of people with extensive and wide-ranging governance and health experience have been appointed to lead the Māori Health Authority and Health New Zealand, Health Minister Andrew Little says. “This Government is building a truly national health system to provide consistent, high-quality health services right across the country. This ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Funding to help clean up contaminated sites
    The Government is supporting the clean-up of contaminated sites in Northland, Dunedin and Southland to reduce risk to people’s health and protect the environment. Environment Minister David Parker said the funding announced today, through the Contaminated Sites Remediation Fund, will help us turn previously hazardous sites into safe, usable public ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Predator Free apprenticeships open up new job opportunities
    The expansion of a predator free apprenticeship programme is an opportunity for more people to kick-start a conservation career, Conservation Minister Kiri Allan says. “The Predator Free Apprenticeship Programme is focused on increasing the number of skilled predator control operators in New Zealand through a two-year training programme. “The Trust ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Further NCEA support confirmed for Auckland students
    The number of Learning Recognition Credits for senior secondary school students will be increased for Auckland students, Education Minister Chris Hipkins confirmed today. This recognises the extended time these students will spend in Alert Levels 3 and 4. “It means students in Auckland will have a fair opportunity to attain ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Long-term pathway next step to better mental wellbeing for New Zealanders
    The Government is taking a new approach to support people who experience mental distress, Health Minister Andrew Little says. “Kia Manawanui Aotearoa – Long-term pathway to mental wellbeing (Kia Manawanui) is the first 10-year plan of its kind that targets the cause of mental distress and also sets out how ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Keeping our Police safe to keep our communities safe
    The Government is committed to keeping our frontline police officers safe, so they in turn can keep New Zealanders safe – with one of the largest investments in frontline safety announced by Police Minister Poto Williams at the Police College today.   The $45 million investment includes $15.496 million in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Clean Vehicles Bill passes first checkpoint
    The Land Transport (Clean Vehicles) Amendment Bill will help New Zealand drive down transport emissions by cleaning up the light vehicle fleet, Transport Minister Michael Wood says. The Bill passed its first reading today and will establish the legislative framework for key parts of the Government’s Clean Car Package, including ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Funding boost supports ongoing Māori COVID-19 response
    The Government is responding to the need by whānau Māori and Māori Health providers to support their ongoing work responding to COVID-19 and to continue increasing rates of Māori vaccination, Associate Minister for Health (Māori Health), Peeni Henare and Minister for Māori Development Willie Jackson announced today.   This increased ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Significant increase to COVID-19 penalties
    Penalties for breaches of COVID-19 orders are set to significantly increase from early November 2021 to better reflect the seriousness of any behaviour that threatens New Zealand’s response to the virus, COVID-19 Response Minister Chris Hipkins said today. “Throughout this Delta outbreak we’ve seen the overwhelming majority of people doing ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Counter-Terrorism Legislation Bill returns to Parliament
    The Counter-Terrorism Legislation Bill has returned to Parliament for its second reading in an important step towards giving enforcement agencies greater power to protect New Zealanders from terrorist activity. “The Bill addresses longstanding gaps in our counter terrorism legislation that seek to protect New Zealanders and make us safer,” Justice ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Joint Statement: New Zealand and Australian Trade Ministers
    Hon Damien O'Connor MP, New Zealand Minister for Trade and Export Growth, and Hon Dan Tehan MP, Australian Minister for Trade, Tourism and Investment, met virtually on Monday 20 September to advance trans-Tasman cooperation under the Australia-New Zealand Closer Economic Relations Trade Agreement (CER). CER is one of the most ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister’s Post Cabinet Press Conference/COVID-19 Update opening statement
    ***Please check against delivery***   E te tī, e te tā, nau mai rā [To all, I bid you welcome]   As you will have seen earlier, today there are 22 new community cases to report; three of which are in Whakatiwai in the Hauraki area, and the remainder in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Major milestones for Māori COVID-19 vaccine rollout as new campaign launches
    Whānau Ora and Associate Health (Māori Health) Minister Peeni Henare acknowledges two major milestones in the rollout of the COVID-19 vaccination programme for Māori. “I am very pleased to announce more than 50 percent of eligible Māori have received their first dose and 25 per cent are now fully vaccinated,” ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government funding to fight infectious diseases
    $36 million for research into Covid-19 and other infectious diseases The investment will improve our readiness for future pandemics Research will focus on prevention, control, and management of infectious diseases The Government’s investing in a new Infectious Diseases Research Platform to boost Aotearoa New Zealand’s Covid-19 response and preparedness for ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Quarantine-free travel with Australia to remain suspended for a further 8 weeks
    Suspension to be reviewed again mid to late November Decision brought forward to enable access from Australia to first tranche of around 3000 rooms in MIQ Air New Zealand working at pace to put on more flights from Australia from October    The suspension of quarantine-free travel (QFT) with Australia has ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Extra support for Ethnic Communities to share vaccination information
    Extra support is being made available to Ethnic Communities to help them share COVID-19 vaccination information within their communities, Minister for Diversity, Inclusion and Ethnic Communities Priyanca Radhakrishnan said. “We know we need to get every eligible person in New Zealand vaccinated. A fund being launched today will allow for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • School holidays remain unchanged for Auckland region
    School holidays in Auckland will continue to be held at the same time as the rest of the country, starting from Saturday, 2 October, Education Minister Chris Hipkins said today. “I’ve carefully considered advice on the implications of shifting the dates and concluded that on balance, maintaining the status quo ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government continues crackdown on gangs and organised crime
    Operation Tauwhiro extended until March 2022 Since it was launched in February, Operation Tauwhiro has resulted in:   987 firearms seized $4.99 million in cash seized 865 people charged with a firearms-related offence Gangs and organised crime groups will continue to be relentlessly targeted with the extension of Police’s successful ...
    BeehiveBy beehive.govt.nz
    2 weeks ago