Barrie Saunders: Cutting losses – governments too slow to learn

Business generally works out when to cut losses because the risks of failure are too high for shareholders and workers.

Government on the other hand are very slow, regardless of stripe. Grant Robertson got very grumpy with KiwiRail re the ship and ferry land side infrastructure and should have stopped or changed it, one way or the other. Nicola Willis probably acted prematurely without fully thinking through the alternative options which could have included rescoping the land side aspect. Probably still made the right call.