REPEAT:A political economy that enriches the old and punishes the young

The Kākā by Bernard Hickey · May 11, 2026 · 8m

I have re-recorded and this a re-send of my earlier email, but with a fresh video with full audio attached.

New Zealand’s political economy has become such a housing-market-with-bits-tacked-on that it has spiralled into a self-reinforcing system, where the ever-older-and-ever-wealthier winners keep rewarding politicians that protect and enhance their gains, especially when it is at the expense of the young losers paying the rents and taxes in this system.

The losers then either give up voting or leave the country, reinforcing the political power of the winners and ensuring the system can…