Monday, July 30, 2012

Truth Column Friday July 19

My Truth column for July 19 is now on-line:

A local bus stop was recently tagged with ‘Aoteoroa is not for sale’. I was tempted to sneak out in the dead of night and add, ‘No more house sales to immigrants’ beneath.

Because that is the implication and most would find the idea abhorrent. 

Now we have, ‘No asset sales’ which is equally sweeping, superficial and emotive.  The reality is the NZ government is carrying huge overseas debt and it needs to pay some down. If it doesn’t, its future ability to borrow to fund everyday, vital services could be endangered. 

We are all watching the situations unfolding in various European countries, which are either bankrupt or verging on it. That poses the question: Would New Zealanders prefer austerity over asset sales?

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1 comment:

Paulus said...

Then why have Harvard University been allowed, over many years, to buy 200,000 hectares of farmland in New Zealand ?