Plans to grow overseas investment face critics

Sat, 18 Aug 2012 2:18p.m.

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Economic Development Minister Steven Joyce took questions from journalists Alex Tarrant of Interest.co.nz and John Hartevelt, Fairfax Media political journalist.

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15/09/2012 10:40:51 a.m.

Raewyn wrote:

Steven Joyce is like a stuck record talks too much and says nothing.Its amazing how he uses Christchurch for job creation.Christchurch was never in their plan as it happened after they were elected.So if Christchurch had not of happened where were the jobs coming from Steven Joyce?

25/08/2012 1:25:14 p.m.

Graeme wrote:

Steven Joyce said on The Nation on Sunday how important it is to attract oversea capital and you need to dumb down the RMA etc to do this. This is going to be the oil and intensive farming bonanza! Well over the last seven and half years in a particular area of the economy we have attracted 10 billion dollars a year on average. So we have had the overseas investment where are these scale businesses like the energy assets National is so keen to sell times ten!!! The NZ Stock market should have ten or eleven major scale or perhaps dozens of smaller new company listings shouldn’t it? Well according to Joyce anyway. That money went into largely non-productive investment in housing in the form of private housing mortgages. Residential mortgage loans went from $98065m at December 2004 to $173835m at June 2012. Joyce says we have no property bubble and the distortion of investment in residential property in our economy has been fixed by taxation changes. We've had the overseas investment, the economy must be booming! Yeah right!

20/08/2012 2:12:00 p.m.

JvZ wrote:

Fascinating to see Steven Joyce confirming the illusions in New Zealand about jobs. I see the exact same thing in college where students are being prepared to find a job, where Steven Joyce confirms that the industry should go and talk with students so they can find a job that these businesses need, right, we need more wage slaves to make the profits for shareholders. It's a f#cked up mind set, that I would believe has been here since decades. We need jobs that people need, that's something different. We do not need jobs that fulfill the short term profit interest of investors (foreign or domestic), but we need jobs that create a structurally long term healthy society. Not one for selfish egos and selfish greed.