Tariana Turia and Pita Sharples say they are unhappy a treaty clause may not be applied to asset sales that are up for partial sale. They are threatening to withdraw Maori Party support for the National Party led government.
Mana Party leader Hone Harawira claims that the Treaty of Waitangi could halt the sales process. He said that "Section 9 of the State Owned Enterprises Act says that the Crown must not act in a manner inconsistent with the treaty. And to sell off assets that Maori still have claim over is inconsistent with the Treaty."
Section 9 of the State-Owned Enterprises Act 1986 actually says: “Nothing in this Act shall permit the Crown to act in a manner that was inconsistent with the principles of the Treaty of Waitangi.” So it’s not the treaty Harawira should be talking about, it’s the principles of the treaty. And this is how the president of the Court of Appeal, Justice Robin Cooke, elucidated those principles:
The persistently fragile economic situation confronting the United States, Europe, and now perhaps Asia presents a grave challenge on how to best reverse the current trend of stagnation through the introduction of sound regulatory and business policies. In dealing with this issue, it is imperative to recognize that the proper response to short-term boom or bust cycles depends on developing those policies and practices that prove sustainable in the long run.
One notable attempt to chart the proper course was found in a recent op-ed in the Wall Street Journal by Al Gore and David Blood. It offered one prescription for how both the public and the private sector should work together to act on a “Manifesto for Sustainable Capitalism.” This energetic duo proposed a program calling on businesses to “embrace environmental, social and governance metrics” to turn their firms, and our nation, around. “That means abandoning short-term economic thinking for ‘sustainable capitalism,’” they wrote. The pair should be commended for their willingness to eschew stimulus programs, like the American Jobs Act, which many naïvely believe can revive our national fortunes.