Early Edition with Ryan Bridge

Andrew Dickens: The country is desperate for growth, the question is how?


Listen Later

The country is desperate to go for growth. The question is: how?

We got 3 points of view over the weekend - Friday it was the turn of Matthew Hooten. His piece was called New Zealand needs a strategic approach to building wealth like Singapore's Temasek.

Temasek own and manage assets that are held directly by its government. They operate a major bank and insurance company, Singapore airlines, the country’s main port, and a load of other things.

It's as if we’ve been investigating it for decades. Even Grant Robertson was interested but nothing’s ever happened. So it has cross party appeal, but why hasn’t it happened? Who knows. Ask the politicians - all talk no action. 

On Sunday, it was the turn of Don Brash and Michael Reddell who in a shared piece said our problem is our low productivity.

No kidding! Every politician says that and none have come up with an answer.

Brash and Reddell's only proffered solution is to lower company tax rates to attract overseas and local investment. They claim we have the one of highest company tax rates in the world, which is balderdash. We sit at 28 per cent. Australia at 30, the US and the UK around 26.

We're slightly above median and no disrespect to Don Brash, you had terms as a reserve bank governor and leader of a couple of political parties and plenty of opportunities to lift productivity and failed.

then there was Sam Stubbs who said if we’re selling public assets lets sell them to new Zealanders like super funds so the wealth stays in New Zealand instead of being exported.

To me that’s the key. Stop saying productivity and start saying wealth creation.  

find out how to make or supply stuff that the world wants and then keep the profits and the workers in New Zealand, then we start generating wealth and then we recycle it to create more great businesses..

That's Denmark's trick. That's why they operate the second largest container ship operation in the world, to import capital rather than export it. 

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Early Edition with Ryan BridgeBy Newstalk ZB


More shows like Early Edition with Ryan Bridge

View all
Nine To Noon by RNZ

Nine To Noon

21 Listeners

Mediawatch by RNZ

Mediawatch

12 Listeners

Saturday Morning with Jack Tame by Newstalk ZB

Saturday Morning with Jack Tame

3 Listeners

Heather du Plessis-Allan Drive by Newstalk ZB

Heather du Plessis-Allan Drive

13 Listeners

The Mike Hosking Breakfast by Newstalk ZB

The Mike Hosking Breakfast

57 Listeners

The Re-Wrap by Newstalk ZB

The Re-Wrap

2 Listeners

Weekend Sport with Jason Pine by Newstalk ZB

Weekend Sport with Jason Pine

4 Listeners

The Weekend Collective by Newstalk ZB

The Weekend Collective

2 Listeners

The Front Page by NZ Herald

The Front Page

15 Listeners

The OneRoof Radio Show by Newstalk ZB

The OneRoof Radio Show

5 Listeners

The Leighton Smith Podcast by Newstalk ZB

The Leighton Smith Podcast

120 Listeners

Smart Money by Newstalk ZB

Smart Money

1 Listeners

The Detail by RNZ

The Detail

54 Listeners

Matt Heath & Tyler Adams Afternoons by Newstalk ZB

Matt Heath & Tyler Adams Afternoons

3 Listeners

Kerre Woodham Mornings Podcast by Newstalk ZB

Kerre Woodham Mornings Podcast

0 Listeners

A Captain's Cup by Radio Sport

A Captain's Cup

1 Listeners

The Property Academy Podcast by Opes Partners

The Property Academy Podcast

29 Listeners

Between Two Beers Podcast by Steven Holloway & Seamus Marten

Between Two Beers Podcast

89 Listeners

Newstalk ZB ANZAC Centenary Tribute by Newstalk ZB

Newstalk ZB ANZAC Centenary Tribute

0 Listeners

Shared Lunch by Sharesies

Shared Lunch

15 Listeners

Kiwi Yarns by Stuff | Brodie Kane Media

Kiwi Yarns

17 Listeners

Sportstalk with D'Arcy Waldegrave by Newstalk ZB

Sportstalk with D'Arcy Waldegrave

0 Listeners

On The Front Foot by Newstalk ZB

On The Front Foot

5 Listeners

Holiday Breakfast by Newstalk ZB

Holiday Breakfast

0 Listeners

The Superior Sailor Series by Newstalk ZB

The Superior Sailor Series

0 Listeners

When the Facts Change by The Spinoff

When the Facts Change

17 Listeners

Rugby Direct by Newstalk ZB

Rugby Direct

4 Listeners

News Fix by Newstalk ZB

News Fix

0 Listeners

The Big League Podcast by Newstalk ZB

The Big League Podcast

2 Listeners

Election 2023: The Front Bench by Newstalk ZB

Election 2023: The Front Bench

0 Listeners

All Sport Breakfast Canterbury by NewstalkZB

All Sport Breakfast Canterbury

0 Listeners

Sports Fix by Newstalk ZB

Sports Fix

1 Listeners

Football Fever by Newstalk ZB

Football Fever

0 Listeners