Owning the Wrong Stuff

Source: ACT Party

The Haps

David Seymour’s speech at the Treaty Grounds today is widely anticipated. This week’s Free Press covers other matters, but for a preview of ACT’s Treaty approach, you can read Seymour’s column in the Herald.

The COVID Royal Commission, Mark II, designed by Brooke van Velden, is open to public submissions, and now there’s an online portal to make it easy. After Labour’s attempted whitewash, ACT campaigned for people to be able to say what they think about the lockdowns, mandates, and other public health measures. There will be another pandemic, probably not this decade but almost certainly this century, and lessons learned from this one could be worth hundreds of billions of dollars.

If you don’t normally listen to Radio New Zealand, we understand. However Kathryn Ryan interviewed David Seymour for half an hour on the Regulatory Standards Bill, and we think it’s worth an exception.

Owning the Wrong Stuff

Last Monday we shared David Seymour’s State of the Nation speech. This week it is still in the headlines. How is this possible? The speech said two things people know deep down are true, but politicians are afraid to say.

The Government owns the wrong stuff. Its books show $570 billion worth of assets, enough to build a four-lane highway from Whangarei to Invercargill six times, but you wouldn’t know it. The Government is having to downsize hospitals while the rest of the world is buying military hardware, and our roads and pipes need attention.

Meanwhile, in New Zealand, the Government is invested in houses (60,000), a property valuation firm, farms, electricity generators, and sunset industries such as mail and television, among many other weird and wonderful things.

Could it be an idea to, just maybe, just ask the question, without anyone getting their knickers in a knot: Does the Government own the right stuff. And if not, should it try selling some shares in power companies to invest in some roads and water treatment plants?

Perhaps all Governments should think of ownership like this. Every year we ask what we own, what benefits the public get from it, and could the Government own something with greater public benefits for the same money? If the answer is yes, and it doesn’t look like it’s going to change, then sell the thing that doesn’t pay and buy something that does.

As for healthcare and education, the Government shells out a fortune, nearly $6,000 in healthcare for every single person each year. That’s up from $4,000 five years ago, but nobody’s happy. Perhaps it is time to say, if you want to take your $6,000 to a private insurer like Southern Cross, you can.

There would have to be rules. The company would need to accept any patient who applied, without discrimination. The company could never cancel anyone’s policy. They would become responsible for all of the person’s care. Hospitals still owned by the Government would need to accept patients from any insurer at the same price.

If this all sounds out there, fear not. It’s roughly how most healthcare systems in Europe work. It means that there would be people with an incentive to sort out the endless waste and dysfunction in what’s been described as our third world system run by first world medics.

The Left say in a private system the poor miss out. Europeans would be surprised to hear this. What the Left don’t seem to get is this: You can have equal public funding, but allow competition to provide the service. Some would say the best of all worlds.

Of course there is a reason why few politicians dare to raise these questions. The media have demanded to know from David Seymour exactly what he will sell tomorrow. They want a list. The hard Left say this is another Seymourian conspiracy, but they can’t say what. The Opposition have called on the Chris Luxon to rule out ever selling anything. Luxon says he won’t now but might in the future.

There’s another reason why there are still articles in today’s papers, ten days after the speech was given. People know that, while New Zealand is a success story, as countries go, we’re not holding our ground at the moment. What we’re doing isn’t working.

If we want to remain a first world nation and an island paradise—most countries can only do one—we need to work differently. That’s the other thing about Seymour’s speech, it told the truth we avoided all through the Clark-Key-Ardern era.

As goes the Treaty Principles Bill, so goes this speech. This country needs a party that’s brave, articulate, and patriotic, and we’re glad we have ACT.