Picking Winners is For Losers

There has been very little constructive debate on the value to New Zealanders of the government’s $40 million odd dollar contribution to the recent America’s Cup campaign and plans to sink more money into the next challenge. The argument that the jobs created during the building of the yachts and flow on economic benefits far exceeded the government’s contribution seems to have been taken at face value.

The Alliance Party concedes that boat building on this scale creates well paid skilled jobs. We would like to see more of this type of work for New Zealanders. But that does not necessarily mean the government money was well spent. Continue reading