The Chloe clanger.
Probably one of the most damaging statements ever made by a
politician fell out of the mouth of Chloë Swarbrick recently in the Herald
Now channel. Paraphrasing, she said that because the Fast Track
legislation was “illegitimate”, the Greens, when in the next government,
will cancel all the mining consents issued under this law.
Probably one of the most damaging statements ever made by a
politician fell out of the mouth of Chloë Swarbrick recently in the Herald
Now channel. Paraphrasing, she said that because the Fast Track
legislation was “illegitimate”, the Greens, when in the next government,
will cancel all the mining consents issued under this law.
The clear oxymoron here is that parliament passed this legislation with
due process, so how can it possibly be illegitimate (i.e., ‘not lawful’)?
But, more importantly, the extension of this claim implies that any law that
Swarbrick doesn’t like, even though passed by a parliament of any
stripe, is unacceptable – which is hardly the basis for a stable
democracy.
Putting that aside, what of the economic consequences of such a wild
statement? Just one of many examples is that the share price of OceanaGold,
which is currently seeking access to new high-grade gold deposits in the
North Waihi and Macraes Phase Four prospects, fell by more than five per cent
overnight, no doubt with more to come.
Full disclosure: I am not an investor in OceanaGold but before
Swarbrick’s bombshell I was thinking about it.
So, the Greens are effectively proposing economic sabotage on a grand
scale, but what have we heard from the MSM on the subject? The
answer is crickets...
Not even a peep in the NZ Herald for pity’s sake, even though it was
their new TV channel that gave Swarbrick the platform to make her
comments.
And what from the unions? Given that OceanaGold employs over 1200
people across the mining sector in NZ – employees whose jobs will now
be threatened – one would expect the union to be marching in the
streets waving placards saying, ‘Down with the Greens’ and
‘Swarbrick Sabotage’ but I haven’t seen that either.
The moronism of Swarbrick and the Greens beggars belief; yet 11 per cent of New
Zealanders still say they will vote for these economic Luddites so it’s not hard to see why NZ is collapsing under its own weight as fewer and fewer productive citizens support more and more welfare recipients (Green voters by another name).
But never mind, we don’t need mining and jobs: we just need to tax the
mythical tribe called the New Zealand Rich and all will be well for the
rest of us living on welfare and government handouts. USSR anyone?
due process, so how can it possibly be illegitimate (i.e., ‘not lawful’)?
But, more importantly, the extension of this claim implies that any law that
Swarbrick doesn’t like, even though passed by a parliament of any
stripe, is unacceptable – which is hardly the basis for a stable
democracy.
Putting that aside, what of the economic consequences of such a wild
statement? Just one of many examples is that the share price of OceanaGold,
which is currently seeking access to new high-grade gold deposits in the
North Waihi and Macraes Phase Four prospects, fell by more than five per cent
overnight, no doubt with more to come.
Full disclosure: I am not an investor in OceanaGold but before
Swarbrick’s bombshell I was thinking about it.
So, the Greens are effectively proposing economic sabotage on a grand
scale, but what have we heard from the MSM on the subject? The
answer is crickets...
Not even a peep in the NZ Herald for pity’s sake, even though it was
their new TV channel that gave Swarbrick the platform to make her
comments.
And what from the unions? Given that OceanaGold employs over 1200
people across the mining sector in NZ – employees whose jobs will now
be threatened – one would expect the union to be marching in the
streets waving placards saying, ‘Down with the Greens’ and
‘Swarbrick Sabotage’ but I haven’t seen that either.
The moronism of Swarbrick and the Greens beggars belief; yet 11 per cent of New
Zealanders still say they will vote for these economic Luddites so it’s not hard to see why NZ is collapsing under its own weight as fewer and fewer productive citizens support more and more welfare recipients (Green voters by another name).
But never mind, we don’t need mining and jobs: we just need to tax the
mythical tribe called the New Zealand Rich and all will be well for the
rest of us living on welfare and government handouts. USSR anyone?
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