Eighteen years after it was launched, Kiwibank still has less than 5 per cent market share, with the big players making massive profits from ordinary New Zealanders. In its current form, Kiwibank simply isn't working as intended. By perpetuating the profits of the Aussie banks in New Zealand, Kiwibank has achieved exactly the opposite of its stated purpose. It's a great group of people, trapped in a horrible business model.
OneRoof editor Owen Vaughan said big historic family mansions were usually bought by New Zealanders returning home after overseas business careers.
New Zealanders do need to appreciate that while we love our country and see it as special — the things we offer China can be acquired or enjoyed by them elsewhere. In my view, we should not take our largest trading partner for granted. Nor should we assume that others will fill the gap if China goes elsewhere.