The opening of the NZ government-backed Kiwibank last week, and the Labour Government’s decision to start backing new industries for the country, marks the end of economic rationalism as the country’s ruling economic ideology.These new policies represent the beginning of an attempt to rescue the nation’s ailing economy, before New Zealand slips into Second or Third World status.Many people will be watching closely the performance of the new bank, which opened the first seven of its 250 bra…
