Home > Dollars & Sense, The Body Politic > Asset Sales: all down?

Asset Sales: all down?



Continued from: Asset Sales: two down, three to go!


As predicted, the Waitangi Tribunal has issued a report endorsing a delay to asset sales until the issue of water rights can be resolved,


Full story


Specifically, the report recommends,

  • Maori have long established property rights over water bodies
  • Ownership precedents date back to 1929 when Nga Puhi was granted ownership of Lake Omapere
  • Maori culture and rights should not be relegated and ignored.
  • The claim is not opportunistic
  • Offering shares in the companies to Maori is not a remedy
  • Shares in conjunction with enhanced power on the boards of these companies could provide meaningful recognition
  • It is impossible for the Tribunal to recognise all Maori water rights across the whole country
  • It is possible to devise an appropriate scheme for Maori affected by the sale of the assets but more time is needed


If, as Dear Leader John Key stated on 10 July, that National could decide to  ignore the Tribunal’s findings (because they are non-binding), then the matter will head to the High Court.

Either way, the asset sale process has been stalled.

The Tribunal’s decision is yet another nail in the coffin of this wretched privatisation agenda.

As pointed out in a previous blogpiece ( Asset Sales: two down, three to go! ), the process has been hampered by corporate interests; low shares prices (Air New Zealand); poor international commodity prices (Solid Energy’s coal); and lower than anticipated revenue from certain electricity companies.

This blogger sez; thank god for the Treaty of Waitangi. We may yet save our state assets from being stolen from us, the people.

Who would have thought that the Treaty – designed in 1840 to protect Maori assets from ruthless activity by colonials – would 172 years later protect the assets owned by ALL New Zealanders.

National and it’s redneck supporters may object with shrill hysteria.


These assets belong to all of us. Not just those with the money to buy them.

And it’s a bit rich for National politicians and their sycophantic supporters and fellow travellers to now be insisting that “no one owns the water”.

Especially since the concept of private ownership for land, trees, fishing quota, airwaves, etc, etc, etc, was inytroduced by Pakeha to New Zealand.

Now the architects of the capitalist notion of private ownership are screaming for collective ownership over water?

Get real, you rednecks.

Vocal right wingers and anonymous commentators on various internet fora are simply livid that Maori are exercising the same rights that Pakeha themselves have used for their own benefit and wealth-accumulation for the last two hundred years.

National may well begin to comprehend that it is on a hiding to nowhere on this issue.  It is time for John Key to comprehend,

  • The majority of New Zealanders do not want state assets privatised
  • Maori have a legitimate intrerest in water rights if states assets are privatised
  • Privatisation is opening a can of worms with corporate vultures circling overhead, looking for cheaper power deals
  • The State will not earn anything near the $5 to $7 billion that Bill Enlish has been anticipating

John Key, it is time to knock asset sales on the head.

You’ve lost.





Asset sales in Air New Zealand also doubful this term

Solid Energy revenue slump could delay sale by years

Tribunal finds SOE share sales a breach, but offers solution

Energy float may turn into a s(t)inker

Other blogs

No where to go on Maori water rights



= fs =

  1. Denny Weisz
    24 August 2012 at 6:58 pm

    Still a bit suspicious … Pinkeyo’s is the type to completely ignore the recommendations and stir up the red necks against the Maori Council & the Tribunal once and for all.

    • 24 August 2012 at 7:31 pm

      I predict that is exactly what he will do Denny Weisz

  2. 24 August 2012 at 7:24 pm

    Beautifully put Frank ..
    Note that Ansell already prepped and backed by Crimp and co to try to incite all the rednecks and rightwingers, Kiwi versions of NF to play the race card in every suit.. I am however calling their hand early and calling a Spade a Spade before they even begin it..
    Pretty sure it wont work this time .. All the recent immigrants as well as most of the Europeans and NZ caucasians I talk to know this is not a race issue it is a nation issue that transcends cultures or races.. It will affect us all..

    • 25 August 2012 at 10:41 am

      “Pretty sure it wont work this time .. All the recent immigrants as well as most of the Europeans and NZ caucasians I talk to know this is not a race issue it is a nation issue that transcends cultures or races.. It will affect us all..”

      Indeed, Jacquelyne .

      My experience on this issue has been that “maori bashing” falls into two categories;

      1. Nationa/ACT activists; fellow-travellers; and assorted right wingers who are exploiting the race issue to undermine opposition to asset sales. For these people, their concerns revolves around supporting the theft of of state assets and bulldozing aside any resistance.

      When they cry “water belongs to everyone” and other such claptrap, what they are really saying is, “don’t stand in the way of privatisation – we want your energy companies!”.

      2. Low-information voters who gain their “knowledge” (and I use that word with reservation) from the 6PM TV News or newspaper headlines. For uneducated people like these, Michael Laws is a natural leader. Without indepth knowledge they rely pretty much on prejudice and talkback radio.

      God help us.

      All we can do is challenge commentrs throughout internet fora. For example, when they beat up the Waitangi Tribunal/water issue, our response should be quite simple;

      “What you really mean is that you support asset sales and are using Maori as an excuse to whip up hysteria. Come clean and admit you support asset sales, and we can move on from that starting point.”

      They will either ignore you or respond with ranting and much mouth-frothing. Which is good, as undecided folk reading their responses will quickly arrive at their own conclusions.

  3. 24 August 2012 at 9:42 pm

    This is a great victory. We will see whether the government will respect it. I think defying the Tribunal would be a bridge too far for the government, which has been severely weakened and set back by the prolonged protest. They’ve counted the votes; 80% of Kiwis are against it. There is no way they could defy Maori and the people united.

  4. Kere P
    25 August 2012 at 5:28 am

    Thats ok we been sharing for years, all our stuff we just werent rude to say its ours….It was JK that forced that when he said it was his….by selling the powerstations….major oversight aye youd think he would check out the water situa
    tion before selling the powerstations…who got egg on their face now….and some extra haters …the people or corps that trusted his lead…Clear case of sell now but suffer the consequences….Ownership came by a ship….we have always been happy to share and not press it to ownership status but as a culture our hand was forced…It may well turn out to be the saviour of the continuum of the silent partnership our country has maintained ….rednecks inclusive …they are a minority compared to the good people of this country….the kiwi’s that need to belong amongst people that care. Not their own oppressive govt.

  5. 25 August 2012 at 9:06 am

    “The commodification of public services isn’t a primitive accumulation in the sense that we know it, of generating new commodities out of areas of life that were previously outside the money economy, like domestic labour or the body, it is actually a commodification of the collective assets of the working-class. Because what the welfare state is, if you like, is what workers over the last century managed to claw back from capital. It’s their share of surplus value that was re-appropriated by our parents and our grandparents, very heroically actually – not making short-term economistic demands, but demanding things for the whole working-class. This is now what’s being expropriated. And so for these TNCs, the financial crisis was kind of like Christmas – this wonderful opportunity for forcing governments to commodify huge new swathes of the public sector, to create a new field of accumulation of capital in the name of cutting public budgets to balance the books.”

    Crisis as Capitalist Opportunity by Ursula Huws http://www.socialistproject.ca/bullet/581.php

  6. 25 August 2012 at 11:32 am

    let’s see if John Key will “bring it”… the people united will NEVER be defeated!

  7. Mick
    25 August 2012 at 10:32 pm

    Psychopaths have their own rational …

  8. ALH84001
    26 August 2012 at 12:15 am

    Time to resign John Boy. Then fuck off out of NZ and go back to Wall street with all the other mongrels who have ripped us off. Honestly mate, if I ever see you on the street campaigning at the next election, I will scream blue bloody murder at you, you lying little rat.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: