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  1. That is a good clip of Roosevelt, good find. We seem to be a tabula rasa
    for much of our history and even Don Brash disagreed about aspects of bank behaviour with the main British one. What is democracy? There would be a different meaning to everyone when closely questioned. And the Nanny State, that derisory term for a working modern polity providing services to a good standard enabling everybody to have social mobility.
    that might take on an appreciative tone if we had learned about the reality of building a decent, good-law-abiding nation with citizens that didn’t take their legacy for granted.

  2. John A Lee was a Labour Party stalwart who pushed for Nationalisation of the Bank Of NZ.

    This was opposed by Nash after Nash returned from a trip to London.

    Neither Savage, Nash or Frazer had courage to take aboard the sovereignty of NZ’s banking.

    Lee pushed for state housing and was put in charge of the development.

    The Govt financing State Housing was a crucial part of our recovery from the depression years.

    Lap dog politicians do not talk of state banks.

    We need inspired leader/ thinkers with courage.

    1. So when tax cuts hit payrol tax falls by $10 billion or what ever. GDP demands growth so the private sectors borrow to make up that shortfall in productivity. This is payroll tax we are talking about.

      At least I would try and co pare apples with oranges to try and make a point. One really expensive finance industry may not be worth its $4 billion price tag when compared with a massive bureaucracy that may well, kill people. Y’know population control.

      We are still stuck in the 1950’s where we bitch about illegals, rich people, genetics, instead of saying hey look they’re doing something correct, we should copy them.

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