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This is the result of negotiations between a party called New Zealand First, led by notorious xenophobe[1] Winston Peters, and a socialist PM who has described

This is the result of negotiations between a party called New Zealand First, led by notorious xenophobe[1] Winston Peters, and a socialist PM who has described capitalism as a "blatant failure"[2]. In fact, Peters has already confidently predicted an economic crisis post-election, and begun distancing himself from it[3]. My current bet is on the coalition collapsing, with new elections held in October 2018. A few of my NZ friends and family are placing similar bets; closest guess wins. I'm glad I left for Australia in 2007. [1] http://thewireless.co.nz/articles/winston-why-are-you-like-this http://thewireless.co.nz/articles/winston-why-are-you-like-t... [2] http://www.theaustralian.com.au/news/world/jacinda-ardern-capitalism-has-failed-new-zealanders/news-story/d8dd86ac01419bcd6e8a1b7ebdbf03bc http://www.theaustralian.com.au/news/world/jacinda-ardern-ca... [3] https://www.stuff.co.nz/business/industries/98061685/Winston-Peters-played-it-down-but-economy-will-remain-strong-Infometrics-forecasts https://www.stuff.co.nz/business/industries/98061685/Winston...

patrick-dd 9y ago
Welp, Australia's coalition may collapse on Friday too!
- duncan_bayne 9y ago
  Huh. Funnily enough I don't follow Australian politics; I checked out of politics almost entirely after leaving NZ (where I was quite involved with the LibertariaNZ). Been doing a bit of reading about the last election in NZ, though, as you can probably tell :) It should be an entertaining coalition collapse. Apparently they have a 31-MP executive!??!?! https://www.kiwiblog.co.nz/2017/10/strengths_and_weaknesses_of_the_new_ministry.html https://www.kiwiblog.co.nz/2017/10/strengths_and_weaknesses_...
  - elyobo 9y ago
    To be fair, it was likely doomed whichever way Winnie went, because both outcomes would have still had Winnie in there.
- elyobo 9y ago
  Got my popcorn ready for 2.15PM AEDT.
- FridgeSeal 9y ago
  I have my fingers crossed that it does. At the very least there'll be some good popcorn from the drama.
AdeptusAquinas 9y ago
The full quote from the 'socialist PM' was 'If you have hundreds of thousands of children living in homes without enough to survive, that's a blatant failure', which is accurate; the reason why we have government regulations is to address market failures.
- dzhiurgis 9y ago
  > hundreds of thousands of children I don't think there is that many children in NZ. Let alone living in poverty.
  - AdeptusAquinas 9y ago
    Roughly 20%, so around 950k of NZ's pop are under the age of 15. Of those it is estimated 20% live in poverty, so roughly 180k. These numbers are not hard to find.
Nition 9y ago
This is not a NZ First policy, it's been listed as a major policy on the Labour Party website since before the election.[1] [1] http://www.labour.org.nz/housing http://www.labour.org.nz/housing
FridgeSeal 9y ago
The Australian is hands down one of the poorest quality news sources in Australia: It is pretty much the direct mouthpiece of Rupert Murdoch and is notorious for being grossly inaccurate and terribly biased. It's getting increasingly hard to deny that we are starting to see the cracks in capitalism, so I don't think it's wrong of him to say that.

patrick-dd 9y ago

Welp, Australia's coalition may collapse on Friday too!

duncan_bayne 9y ago
Huh. Funnily enough I don't follow Australian politics; I checked out of politics almost entirely after leaving NZ (where I was quite involved with the LibertariaNZ). Been doing a bit of reading about the last election in NZ, though, as you can probably tell :) It should be an entertaining coalition collapse. Apparently they have a 31-MP executive!??!?! https://www.kiwiblog.co.nz/2017/10/strengths_and_weaknesses_of_the_new_ministry.html https://www.kiwiblog.co.nz/2017/10/strengths_and_weaknesses_...
- elyobo 9y ago
  To be fair, it was likely doomed whichever way Winnie went, because both outcomes would have still had Winnie in there.
elyobo 9y ago
Got my popcorn ready for 2.15PM AEDT.
FridgeSeal 9y ago
I have my fingers crossed that it does. At the very least there'll be some good popcorn from the drama.

AdeptusAquinas 9y ago

The full quote from the 'socialist PM' was 'If you have hundreds of thousands of children living in homes without enough to survive, that's a blatant failure', which is accurate; the reason why we have government regulations is to address market failures.

dzhiurgis 9y ago
> hundreds of thousands of children I don't think there is that many children in NZ. Let alone living in poverty.
- AdeptusAquinas 9y ago
  Roughly 20%, so around 950k of NZ's pop are under the age of 15. Of those it is estimated 20% live in poverty, so roughly 180k. These numbers are not hard to find.

Nition 9y ago

This is not a NZ First policy, it's been listed as a major policy on the Labour Party website since before the election.[1] [1] http://www.labour.org.nz/housing http://www.labour.org.nz/housing

FridgeSeal 9y ago

The Australian is hands down one of the poorest quality news sources in Australia: It is pretty much the direct mouthpiece of Rupert Murdoch and is notorious for being grossly inaccurate and terribly biased. It's getting increasingly hard to deny that we are starting to see the cracks in capitalism, so I don't think it's wrong of him to say that.