Political roundup: The forestry slash aftermathFriday 3 Mar 2023 An Opinion piece from Bryce Edwards, a Political Analyst in Residence at Victoria University of Wellington and Director of the Democracy Project that appeared in the NZ Herald earlier this week.“Capitalists always want to privatise their profits and socialise their losses” – that’s the traditional socialist critique of how businesses are big fans of state intervention when it suits their interests. There seems to be a lot of that going around at the moment – many industries want government to help them be super-profitable, largely by reducing industry regulation and taxation, despite any damage they might cause. However, there’s increasingly a public mood against the special pleading of such vested interests. This is evidenced in the criticisms now coming from across the political spectrum about the huge costs that New Zealand forestry businesses have been imposing on society, particularly with the multi-billion-dollar cost of “slash” debris that exacerbated or caused flood damage when Cyclone Gabrielle hit this month. Even National’s leader Christopher Luxon echoed the socialist critique when speaking about forestry last week in Parliament, describing it as “the only sector I know that gets to internalise the benefit and to socialise the cost”. He then talked about the need for further penalties and prosecutions of forestry businesses who fail to look after their own mess. Although the timber industry isn’t unique in this regard, Luxon is quite correct to single them out. Forestry has become something of a case study in how vested interests have come to dominate the policymaking process, producing rules that favour the industry at the cost of society in general. More >> Source: NZ Herald |
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