David Cunliffe delivered a solid speech yesterday in New Lynn laying out some good thoughts on the state of New Zealand.
In it he’s been very clear on what’s happened to New Zealand. in the last thirty years.
You hear the National government talking about the need to sell assets because we have so little money in this country. Do you know why we have so little money in this country? It’s because a large percentage of our economic assets are overseas-owned. For example, when the Australian-owned banks make billions in profits here (and it’s up a quarter to a third this year alone). That money isn’t returned to New Zealanders. The money goes straight back overseas.
Danyl’s got the whole speech over at the dimpost (apparently the only other place it’s been published is behind the facebook sign-in).