Category: Politics
The banking crisis in Cyprus came as a sharp reminder to savers around the world that banks are not necessarily the safe havens they like to imagine. The plan to impose a 6.75 percent tax on savings up to €100,000 (NZ$153,000) and a 9.9 percent tax on savings above that was proposed by the Cyprus government as a way of raising the €5.8 billion they needed to find to qualify for a €10 billion International Monetary Fund bailout. However, politicians swiftly backed away from their plan to tax savings once they saw the depth of public fury.
There has been an astonishing amount of alarmist comment – certainly in the “New Zealand Herald” and even on Radio New Zealand – about the possibility that the Reserve Bank of New Zealand could impose a “Cypriot-type” tax on bank deposits in the event of a bank failure. People have expressed outrage at the idea, and Russel Norman has suggested that a deposit insurance scheme would be a “much simpler, well-tested alternative” to what the RB is proposing, formally called Open Bank Resolution.
It’s not often that a government appointment ignites major controversy, but last week’s announcement that Dame Susan Devoy was to step into the role of Race Relations Commissioner did just that. The Race Relations Commissioner is one of six commissioners employed by the Human Rights Commission, an independent Crown entity established in 1977 that currently functions under the Human Rights Act 1993.
New Zealand’s constitution is working perfectly adequately. Nothing is broken; nothing requires fixing. But the government, at the Maori Party’s behest, established a ‘Constitutional Advisory Panel’ to consider (as well as a number of obvious political non-starters) ‘the place of the Treaty of Waitangi in our constitution, and how our legal and political systems can reflect tikanga Maori’
The IT revolution is dramatically changing how we live, in a way that is probably just as profound as the agrarian and industrial revolutions of previous ages. This new revolution has given people control over the way they communicate - in a manner that few of us could have ever imagined. As with all revolutions, change has casualties.
A World Bank Report published in 1998 ranked New Zealand second in terms of ‘natural capital, behind Saudi Arabia. However, while we have a wealth of land, minerals, water, and good clean air, our bureaucratic planning and resource management laws have hindered New Zealand’s ability to use many of those resources effectively. The well-being of our communities has suffered as a result.
The Maori Council’s claim over the ownership of New Zealand’s fresh water was a blatant attempt by a powerful political group to seize control of a public good natural resource. New Zealanders are angry about it and so they should be. The opportunistic endeavours by tribal corporations to seize control of public good resources such as air, wind, the electromagnetic spectrum – maybe even sunlight itself – are outrageous but very real.
Many people believe that electricity prices are too high. They find it difficult to understand why, when most of our electricity is generated by old hydropower stations, the price has escalated at well above the rate of inflation since about 2002 when the market first started to function as it was designed to do. They would be right.
Over the last few years, there has been a growing consensus amongst the leaders of western nations – including the UK, Germany, France, Spain, Holland, Belgium, and Australia - that policies and practices that divide citizens along ethnic and cultural lines are dangerous. In Holland, the Dutch government decided to abandon the long-standing model of multiculturalism that had created a parallel society within the Netherlands: “It is necessary because otherwise the society gradually grows apart and eventually no one feels at home anymore in the Netherlands.”
In January 2013 I was asked by the secretariat of the Government Constitutional Advisory Panel to take part in audio and video taped interviews. The invitation was probably issued on the basis that I have written extensively about Treaty issues and that I am a member of the Independent Constitutional Review Panel that has its presence on this NZCPR website. I wish to share these interviews with NZCPR readers and raise troubling issues that emerged for me while doing the interviews.
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