Uploaded August 2026 | Updated September 2026, 2 weeks ago
The Government is spending $60 million of taxpayer money to keep New Zealand’s only cement plant operating. Subscribe: youtube.com/RNZVideo?sub_confirmation=1
It’s not the first time the Government has stepped in to rescue a company. From the BNZ and Air New Zealand to South Canterbury Finance and Solid Energy, New Zealand has a long history of government bailouts and some very different decisions about who gets saved and who gets left to fail.
Context looks at why governments intervene, the risks of corporate welfare, and whether some industries are simply too important to lose.
The Government is spending $60 million of taxpayer money to keep New Zealand’s only cement plant operating. Subscribe: youtube.com/RNZVideo?sub_confirmation=1
It’s not the first time the Government has stepped in to rescue a company. From the BNZ and Air New Zealand to South Canterbury Finance and Solid Energy, New Zealand has a long history of government bailouts and some very different decisions about who gets saved and who gets left to fail.
Context looks at why governments intervene, the risks of corporate welfare, and whether some industries are simply too important to lose.
