>>>"Rodger economics" was a very bad period for the people in NZ.
>>> It was a time> >>of axe wheedling sell everything that the govt
>>> owns to privet enterprise. This at the time was a good deal as NZ
>>> was in dire straits of
> >
> >Well, then, the way you describe it --> it is exactly like Reaganomics.
>
> Dan, what is it that the US Gov't owned and sold off

If you want some idea of the scale of NZ govt assets sold

http://www.treasury.govt.nz/pubs/fmb/assetsal/assetmain.htm

And these are mostly major assets too, originally paid for by NZ
taxpayers. The stinger is that companies like Telecom or NZ Rail
are now returning profits to their overseas owners. At the time they
were sold they were regarded as comfy jobs-for-life govt depts that
were either not developed and brought up to date or couldn't be for
lack of funds. Telecom now makes > $800,000,000 profit on just
over 3.4m population, and although it's regarded as progressive
and technically efficient and innovative, it employs a small fraction
of the staff it used to. NZ will never be able to afford to buy any of
these back - "selling the family silver" it was called

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