1 00:00:00,080 --> 00:00:03,280 Speaker 1: Well, entirely predictably, the debate about selling state assets has 2 00:00:03,400 --> 00:00:06,360 Speaker 1: already kicked off ahead of election year, with Winston calling 3 00:00:06,400 --> 00:00:10,200 Speaker 1: the idea a tawdry, silly argument, and Chris lux And 4 00:00:10,240 --> 00:00:12,920 Speaker 1: then shooting back that Winston's view is not surprising. He's 5 00:00:12,920 --> 00:00:15,080 Speaker 1: been there for fifty years, for goodness sake. It's got 6 00:00:15,080 --> 00:00:18,240 Speaker 1: a lot of entrenched views. I'm actually surprised that Luxon 7 00:00:18,200 --> 00:00:20,360 Speaker 1: and National are prepared to take this to the election 8 00:00:20,400 --> 00:00:22,160 Speaker 1: because this is I mean, you can already see it, right, 9 00:00:22,200 --> 00:00:23,439 Speaker 1: and you know how it's gone in the past. This 10 00:00:23,520 --> 00:00:25,720 Speaker 1: is going to get heated, and National has not really 11 00:00:25,760 --> 00:00:27,960 Speaker 1: known at the moment for having the stomach for potentially 12 00:00:28,080 --> 00:00:31,040 Speaker 1: unpopular ideas. So good on them for doing it, because 13 00:00:31,040 --> 00:00:33,400 Speaker 1: this has got to be done, if only to inject 14 00:00:33,400 --> 00:00:36,080 Speaker 1: some private sector work ethic into these places. I mean, 15 00:00:36,520 --> 00:00:37,920 Speaker 1: I don't even know if I need to lay this 16 00:00:38,000 --> 00:00:40,120 Speaker 1: argument out for you, but I will. We know that 17 00:00:40,200 --> 00:00:42,320 Speaker 1: the public sector is slower to get things done than 18 00:00:42,320 --> 00:00:45,720 Speaker 1: the private sector. We know it's more likely to waste money. 19 00:00:45,760 --> 00:00:47,640 Speaker 1: We know it's less likely to make money. We've got 20 00:00:47,640 --> 00:00:51,080 Speaker 1: the figures last week just on sick leave, public sector 21 00:00:51,120 --> 00:00:54,960 Speaker 1: workers take more sick days than private sector workers. The 22 00:00:55,000 --> 00:00:57,840 Speaker 1: partial sale of the power companies that happened under John 23 00:00:57,920 --> 00:01:00,160 Speaker 1: Key's watch has already proved what can happen if you 24 00:01:00,160 --> 00:01:02,520 Speaker 1: get some private discipline in there. I mean, those four 25 00:01:02,560 --> 00:01:05,560 Speaker 1: power companies are now worth twice what they were when 26 00:01:05,600 --> 00:01:08,080 Speaker 1: we sold half of them, so we haven't lost any value, 27 00:01:08,280 --> 00:01:10,000 Speaker 1: and they pay more dividends and we got to put 28 00:01:10,040 --> 00:01:12,280 Speaker 1: money in our pockets. And they've proven that we can 29 00:01:12,319 --> 00:01:14,320 Speaker 1: do things differently to the way that it was done 30 00:01:14,360 --> 00:01:16,759 Speaker 1: in the eighties and nineties, which has freaked out Winston. 31 00:01:17,040 --> 00:01:19,000 Speaker 1: With the one hundred percent sale of things like B 32 00:01:19,160 --> 00:01:20,880 Speaker 1: and Z one hundred percent of B and Z, one 33 00:01:20,959 --> 00:01:22,960 Speaker 1: hundred percent of New Zealand Rail, one hundred percent of 34 00:01:22,959 --> 00:01:26,040 Speaker 1: Petro Corp. We can sell forty nine percent less than half. 35 00:01:26,040 --> 00:01:28,480 Speaker 1: We can still control the business, We get the money 36 00:01:28,480 --> 00:01:30,440 Speaker 1: out of it, though, we get some discipline into it, 37 00:01:30,480 --> 00:01:33,240 Speaker 1: and we make even more money from it now. Of course, 38 00:01:33,520 --> 00:01:36,440 Speaker 1: I think the power company sales are an example of 39 00:01:36,520 --> 00:01:39,360 Speaker 1: it going well. Others will blame those same sales for 40 00:01:39,400 --> 00:01:42,480 Speaker 1: a drop off an investment in renewable energy generation or 41 00:01:42,520 --> 00:01:45,120 Speaker 1: an increase in power prices, which is exactly why this 42 00:01:45,160 --> 00:01:47,560 Speaker 1: will be a contentious debate because we all see it differently, 43 00:01:47,840 --> 00:01:49,480 Speaker 1: so got on the nets for having the courage, by 44 00:01:49,520 --> 00:01:52,640 Speaker 1: the looks of things, to go their next election. For 45 00:01:52,760 --> 00:01:56,000 Speaker 1: more from Heather Duplessy Allen Drive, listen live to news 46 00:01:56,080 --> 00:01:58,960 Speaker 1: Talks it'd be from four pm weekdays, or follow the 47 00:01:59,000 --> 00:02:00,680 Speaker 1: podcast on I Hard Radio