The New Zealand Initiative

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.

In this episode, Michael talks with Dr James Kierstead about the pressures on academics to align with universities’ institutional priorities, including expectations to incorporate Māori and Pasifika perspectives in all teaching programmes. The discussion raises questions about academic freedom, institutional neutrality, and accountability, illustrated by the circumstances surrounding Dr Kierstead’s redundancy from Victoria University of Wellington.

Renowned urbanist Alain Bertaud has spent six decades studying cities: from working as a young draftsman in Chandigarh in 1963 to advising governments worldwide on urban land markets. His book Order Without Design has become a touchstone for New Zealand's housing reforms, cited by ministers on both sides of the aisle. In this episode, Eric and Benno are joined by Bertaud and Salim Furth of the Mercatus Centre to discuss why cities are labour markets first and infrastructure projects second, what happens when planners try to control things they cannot predict, why monitoring land prices may be the single most important thing a planning department can do, and how to make sure infrastructure investment and delivery serves the spontaneous order rather than the other way around. As both guests note, New Zealand has worked through so many of the foundational policy questions that the debate is now at the frontier: how to finance and deliver infrastructure under genuine uncertainty, in a system that lets cities grow flexibly. These are problems you only get to when the earlier questions have been answered well. The world is watching.

In this episode, Oliver Hartwich and Eric Crampton are joined by retired Major General John Howard to assess the Iran conflict three weeks on, covering how it has escalated, what the odds of de-escalation look like, and whether a US ground invasion or ceasefire is realistic. They also explore the wider global picture, from China's posture around Taiwan to Ukraine's worsening position, and what it all means for New Zealand's fuel security, energy resilience, and national preparedness.

In this episode, Nick talks with Bryce about the government’s proposed replacement of the Resource Management Act and what it means for property rights. Bryce argues the bills fall short of the government’s stated commitment to property rights, lacking the economic disciplines needed to ensure regulation delivers net benefits for New Zealanders.