Will the Planning Bill actually deliver housing affordability?

Will the Planning Bill actually deliver housing affordability?

In this episode, Nick and Benno discuss whether New Zealand's proposed planning reforms can actually deliver housing affordability or fail to escape the gravitational pull of the status quo. They unpack how our current planning system and the rules it makes are an extractive institution: one that concentrates decision-making power over land use in the hands of a few, beholden to a privileged group of incumbents. The result is artificial scarcity that inflates land prices across entire cities, driving up house prices and rents. They introduce competitive urban land markets as the countervailing force: a more inclusive institution that respects people's right to use land to meet society's needs and empowers the citizenry to participate in land and development markets. The Planning Bill does mark a genuine milestone: for the first time, competitive urban land markets appears as an explicit goal of the planning system. But we need to clarify what that means and provide the basic elements needed for that goal to bite: a definition, independent monitoring to assess whether land markets are actually competitive, and a requirement that the planning system respond when they are not. Without these, the new goal risks being captured by a planning and legal system that continues to do what it already knows how to do: predict and provide for scarcity.

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Episoder(381)

Why national security is missing from the election campaign

Why national security is missing from the election campaign

In this episode, Oliver talks with Major General (Ret) John Howard about the White House reversing its own sanctions to import Russian diesel and pressuring Ukraine to replace its president, even as R...

20 Okt 30min

Free to Disagree: Chris Bishop’s biggest achievement may not save his political career

Free to Disagree: Chris Bishop’s biggest achievement may not save his political career

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. Chris Bishop passed the new Planning Act with one working day to spare, and may not be in the ne...

19 Okt 45min

Free to Disasgree: Is National losing voters to ACT, or driving them away?

Free to Disasgree: Is National losing voters to ACT, or driving them away?

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. Three polls landed this week, with National under 30 per cent on the party vote while holding 44...

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Replacing the RMA (Part 1): a new system, but the rules are still to come

Replacing the RMA (Part 1): a new system, but the rules are still to come

In this episode, Dr Eric Crampton talks to Nick Clark and new senior fellow Paul Melville about the two new acts replacing the Resource Management Act and what the new system gets right, including sta...

8 Okt 55min

Diesel, choke points and New Zealand's strategic blind spot

Diesel, choke points and New Zealand's strategic blind spot

In this episode, Oliver talks to Major General John Howard about Russia's escalating pressure on NATO, the diesel squeeze working its way through global supply chains and why New Zealand's just-in-tim...

6 Okt 33min

A referee for the price of land

A referee for the price of land

New Zealand has new planning laws. They passed in September and replace the Resource Management Act. Right at the end, Parliament added something no other country has: a land markets officer. Think o...

1 Okt 58min

Free to Disagree: The surplus that is always three years away

Free to Disagree: The surplus that is always three years away

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. The Treasury's pre-election update showed spending up, revenue down and debt rising after three ...

1 Okt 40min

How New Zealand built its education system on classical liberal values

How New Zealand built its education system on classical liberal values

In this episode, Michael talks with Dame Elizabeth Rata about her documentary lecture series on the history of education in New Zealand. They discuss the 19th-century origins of free, compulsory and s...

29 Sep 49min

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