"... a loan from the government is just creating a pair of matching asset and debt entries in the government books, and costs nothing."
@norightturnnz, 2026
https://norightturn.blogspot.com/2026/03/the-right-solution-for-wrong-problem.html
Which is why governments ought to hand out loans like candy to anyone with a realistic proposal to build something socially useful, which can't be removed from Aotearoa once its built. Anything from electric rail and shipping infrastructure, to social housing providers in areas short on affordable housing.
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Instead of handing out public subsidies to offshore-owned corporations as if they're cars on the Oprah show (you get a subsidy, and you get a subsidy, every corporation gets a subsidy!). Creating a public debt future generations have to service, while often creating nothing socially useful at all;
https://www.democracyproject.org.nz/p/rio-tinto-nz-aluminium-smelter
The NatACTs are the worst for this, but Labour are hardly immune. They gave Rio Tinto free public money to keep the aluminum smelter open too;
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