If Labour was trying to out-xenophobe the xenophobic New Zealand First and Green parties with its housing policy it has been trumped by the Maori Party.
The Maori Party has labelled Shearer’s new policy aimed at restricting foreigners from purchasing houses as ‘lip-service’, and has challenged the Labour Party to commit to real action to protect the assets of Aotearoa by extending their policies to prevent the sale of land and strategic assets into all and any foreign ownership.
“The Maori Party have a clear policy on land ownership, we must protect and preserve our land to keep it from falling into foreign ownership. The Labour Party’s housing policy, which would restrict foreigners from purchasing houses, is nonsensical as it discriminates against which foreigners it exempts and does nothing to protect the asset of true value to the people of Aotearoa – the land.”
“On one hand the Labour Party want to limit the purchase of residential property by overseas investors, but on the other they promote and support the free trade agenda which is entirely about easing rules for foreigners to do business, and invest in New Zealand assets.”
“There are other ways to do business with countries overseas which protect the rangatiratanga of New Zealanders over our resources. We think that both the Labour Party and the National Party have a duty to look at how we can protect our resources before they advance investment agreements such as the TPPA.” . . .
There are lots of ways to do business with other countries but if we want economic growth here, with the social development that fosters, we need investment.
Our poor savings record means we don’t have enough spare money ourselves which leaves us with two choices – we can borrow from other countries or welcome foreign investment.
Inwards investment should pose no more threat to the rangatiratanga of New Zealanders over our resources than investment from within.
Whoever owns our land or other assets is subject to the same laws which govern what they can do with them as everybody else regardless of where they come from.
Without foreign investment we’d go backwards.
That would hurt the poorest people, among whom are a disproportionate number of Maori, the most.