The Real Reason Your Rural Banks are Closing Kiwis – It’s Not Lack of Funds

Rangitikei Enviromental Health Watch

Reports in August this year told us that in spite of $1 billion Profit, Westpac was still looking to close 19

hands-1319624_1280.jpgrural Branches. So it isn’t because they’re not making money. Same scenario with Housing NZ. Those homes are being hocked off by the thousands currently, not because they are an encumbrance, in fact the Housing Corporation is/was running at a profit. Cast your eye back to the late ’80s and the new Neoliberal rip-off economy that promised us they were working smarter amidst a whole palaver about restructuring aka structural adjustment that seemed to mysteriously only affect the workers and equally as mysteriously fatten the purses of the already wealthy. The gap is getting wider, watch.

These closures began back in the aforementioned late ’80s when banks, hospitals, pharmacies, postal, transport and medical services and so on, collapsed slowly, one by one, like a house of cards. Folks at…

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