Home > Dollars & Sense, Social Issues, The Body Politic > The Prime Minister, Pastoral property, and Parata…

The Prime Minister, Pastoral property, and Parata…

.

Point 1: The Prime Minister

.

Key’s appearance at Waitangi’s Te Tii Marae was marked by the usual “theatre” (as Labour’s Shane Jones refers to it – see: Titewhai Harawira wins over escorting PM at Waitangi) and the media were only too happy to focus their attention and cameras  on the drama of the day.

Someone, though, profitted enormously from today’s (5 February) events,

.

'It is easy to say I will walk away' from Waitangi - Key

Source

.

John Key vows to return to Waitangi

Source

.

PM says he'll keep coming to Waitangi

Source

.

Unfortunately  for the Left, Key’s mana was only enhanced by the public spectacle of his calm, stately, demeanour and will have raised his popularity as Prime Minister by several percentage points. Middle Class Pakeha will have lapped up Dear Leader’s performance – especially his vow to “keep returning”.

Shades of Douglas MacArthur’s famous quote during World War 2, “I came through and I shall return“.

Not in 2014, I hope.

National governments are too costly for our economy and social cohesion. Just ask any of the 175,000 unemployed or 250,000 children living in poverty or 40,000 jobs lost in the manufacturing sector in the last four years.

.

Point 2:  Pastoral property

.

9. John Key Tenants in our own country

.

The Great Sell-Off of our country continues unabated, as news came out today that Chinese company, Yashili New Zealand Dairy Company has announced that it has applied for  Overseas Investment Office approval to build a $210 million milk processing plant at Pokeno in Waikato, and a Swedish company,  Southern Pastures Partnership,  has been approved by the OIO to purchase  eight Waikato dairy farms, totalling over 3,000 hectares.

.

Swedish investors acquire Waikato dairy farms

Source

.

Yashili Dairy looking to set up shop in NZ

Source

.

Once again, we are seeing the most productive and profitable parts of our primary industries being sold off to foreign investors.

See also: Chinese dairy giant buys land for $210m factory

See also: Chinese dairy giant enters NZ market with $210m factory

See also: Swedish investors buy farms from Hart

See also: Swedish investors cleared to buy Carter Holt dairy farms

Those naive enough to believe that this will benefit us – need to look again.

What the Swedes and Chinese have done is make an immediate investment for long-term gains. The dairy industry is profitable now – when the human population on Earth  reaches 9 billion, it will create incredible wealth…

wealth for those who own the means of production.

In this case, the profits made by Yashili New Zealand Dairy Company and Southern Pastures Partnership will be ‘exported’ back to the home-nations of the investors (Sweden and China), along with the goods that they produce.

We will end up with some taxes paid by employees (us) and the companies.

But most of the dairy pay-out from Southern Pastures Partnership and profits from exports by  Yashili New Zealand Dairy Company will be remitted overseas.

The consequences, if it needs to be spelled out will be;

  • lost profits to us, as a country
  • lost foreign revenue, through exports,
  • a worsening Current Account deficit.

In years to come our descendents (most of whom will be living in Australia by then) will look back at us and wonder at our lack of foresight and economic  naiveté.

In short – how dumb were we?

.

Point 3: Parata

.

Further to my blogpost  on 18 January, our very own Invisible Woman – Hekia Parata – our so-called “Minister of Education”, was still shying away from appearing in the media. (See previous blogpost:  Parata, Bennett, and Collins – what have they been up to?)

Campbell did another story on the Novopay fiasco today (5 February), and  invited Ms Parata to an interview.

She was nowhere to be seen. (And as I speculated twelve days in my blogpost - Karma for Key?  – the reason may be that she’s been told;  “stay away from the media and keep your mouth firmly zipped, sweetie“.)

.

Campbell Live - 5 February 2013 - Hekia Parata - No show - novopay

Source

.

Which is just as well, as Campbell had some further remarkable instances of cock-ups made by Novopay. Like, school cleaners getting paid $20,000 for working 24 hours a fortnight?

Maybe John Key’s promise in 2008 to raise the wages of New Zealanders has finally come true?

Nah. No such luck – just more  Novopay cock-ups.

Meanwhile some teachers were being paid $0.00.

Never mind paying $100  million for Novopay’s lemon – perhaps National should’ve just left it to Lotto? The results would’ve been about the same.

.

.

= fs =

About these ads
  1. John R
    6 February 2013 at 9:08 am | #1

    Frank Have you researched why these overseas companies are able to purchase these farms ? Why have these farms come up for sale ? Check out last weeks issue of “Straight Furrow” The banks have been conning the farmers with MORTGAGE SWAPS!! and sending them bankrupt Haven’t heard much about this in the rest of the media

  2. 6 February 2013 at 9:48 am | #2

    I can’t stand the thought of our farms being sold off to overseas! When i worked in Auckland, whole shopping areas were being bought up by foreigners, any profits weren’t being spent in NZ, it was all going back overseas! And where do i sign up for a 24 hour stint as a school cleaner??

  3. 6 February 2013 at 11:08 am | #3

    “I can’t stand the thought of our farms being sold off to overseas!”

    Indeed, Allyson. It will be the great shame of this, and previous, decades. In the case of the Swedish buy-up, it’s interesting to note that it’s being funded by German superannuation savings-funds,

    “German pension funds have been the biggest European investors in New Zealand farms in recent years, mainly in Southland.”

    These are the same sort of pension funds we, as a nation, might’ve had. But sufficient numbers of New Zealanders voted against it in 1975, and we lost the chance to become economically self-sufficient. (As I wrote at some length here: Regret at dumping compulsory super – only 37 years too late)

    Now, other nations are doing what we could have done, and buying up the ‘jewels’ of our economy. (If you’re hearing a grinding sound, that’s me gritting my teeth…)

    “And where do i sign up for a 24 hour stint as a school cleaner??”

    Wait your turn, Allyson – there are a few thousand already in that queue! :-D

    • 6 February 2013 at 11:07 pm | #4

      I’m not a clever clogs. But even i can work out that overseas investors (German pensioners) are going to do well out of our country. Meanwhile our Kiwi pensioners in the future will not be doing so well. And our dumbass government thinks this is all a great idea?! And those people are SUPPOSED to be clever!

      You know what frustrates me too…is that they can just keep doing this stuff and we can’t stop them! Sure, we can vote them out next election, but the damage is already done!

      How long is that line of hopeful future school cleaners do you think? As always i left my run too late!

  4. 6 February 2013 at 12:01 pm | #5

    I’ve heard of the “mortgage swaps” problem, John. Radio NZ did a couple of stories on them a wee while ago. If memory serves, I think the Commerce Commission (?) came down hard against these ‘instruments’ as wholly inappropriate for farmers (?). Hopefully I’ve recalled the stories accurately.

    In the case of the Swedish buy-up, the properties were sold by owner and billionaire, John Hart. A straight case of profit for selling his our own country to offshore investors.

    Thanks for the heads-up about “Straight Furrow”. I’ll check it out.

  5. 7 February 2013 at 11:36 am | #6

    Got it in one, Allyson. It’s amazing how everyone else get’s it – but politicians seem utterly blinded by their ideology.

    As for the cleaning job at $500 an hour – let’s job share that one. $250 an hour each seems a pretty good deal? I’ll contact Novopay immediatly… :-D

  6. 10 February 2013 at 4:50 pm | #7

    Saw Parata at Auckland Airport on Wednesday LOL.

    • 10 February 2013 at 5:33 pm | #8

      Louis, I hope you told Border Control not to let her back in…? ;-)

      • 10 February 2013 at 10:06 pm | #9

        Haha, actually she was quite friendly to me! Definitely has been a poor performer in the Education portfolio but not convinced that any other National MP would do a better job. Don’t fancy the idea of Judith Collins being Minister.

  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 )

Google+ photo

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

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 594 other followers

%d bloggers like this: