Story: National Party

Selling state assets

Selling state assets

Libertarians believe that private enterprise is inherently better at running businesses than the state. The Bolger and Shipley National governments of the 1990s shared this view and sold  many state-owned enterprises, including Air New Zealand, New Zealand Rail and Contact Energy. The ideology was tested in the 2000s when the Labour-led government felt obliged to buy back a near-bankrupt Air New Zealand and a severely run-down TranzRail in the national interest. John Key's National-led government said it would not sell state assets in its first term (2008–11), but would partially privatise some state assets if re-elected for a second term. This 2010 cartoon highlights a popular belief that such a measure would eventually lead to full privatisation, in this instance the sale of the Accident Compensation Corporation (ACC).

Courtesy of Malcolm Evans.

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Alexander Turnbull Library
Reference: DCDL-0016472
Cartoon by Malcolm Evans

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Colin James, 'National Party - Party principles', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/cartoon/33892/selling-state-assets (accessed 15 November 2019)

Story by Colin James, published 20 Jun 2012, updated 1 Dec 2016