Bennett DavidHon DAVID BENNETT (National): Thank you Madam Assistant Speaker Dean and I'd just like to acknowledge you in your success in attaining that role. It's well-deserved and I know you'll be a fair and impartial Speaker and we look forward to working with you. I remember three years ago I took this moment in a 10-minute speech to talk about socialism and I mentioned it about 56 times. I won't try and mention it as many times today but I've got another word—capitalism—which is a much better word which we will mention a lot more times in this speech. The history of the world shows that in times of a crisis like COVID the last thing a country needs to do is revert to socialism as its answer. Look at Japan Germany South Korea Vietnam—all embraced capitalism and they are the most successful countries in the world. Countries like New Zealand and Britain which embraced socialism have now the problem that they go through a spurt every 20 or 30 years where they have to do a major capitalist reform to pick up where they've lost out. Otherwise they fall further and further down the track against other comparable countries. New Zealand is about to embrace the last period of socialism before we have to have another capitalist reform because the socialism on that side will create the problems that will force a capitalist revolution in this country. That will happen and there will be a new type of pro-capitalism a new form of capitalism which will evolve in New Zealand in the next period of time. It may well come from the housing market or it may well come from those overseas pressures but there will be a new form of capitalism coming and it's not far away. It's going to be a country that's going to have open immigration where we value and we bring in people that bring skills to this country and we don't stop people like the Labour Party over that side has. New capitalism will welcome people. New capitalism will actually build the infrastructure for our country. We won't have the Soviet-style roading projects under this Government which are taking 10 years to build something that should have been built in three years. We will actually have a new capitalist environment which will build things and a new capitalist environment that looks at Hamilton Auckland and Tauranga and sees that as an economic vehicle that can compete with the eastern seaboard of Australia and Sydney and Melbourne and we create a golden triangle between those three places. We'll see a new capitalism that has more technology where we embrace technology. We welcome technology into this country and we make this country the most technologically smart and successful country in the world and we don't hold back on it. A new capitalism which actually supports our farmers and works with them and our growers to make sure that they are the economic engine of this country. We realise our economic potential but we also realise our competitive advantage and we don't cut them off at their knees—we actually let them perform. They will meet market desires and needs but they need to be given the chance to do that in a productive way. A new capitalism would reduce government significantly. There is no need for big government like we have now. There is no need for this country to borrow endlessly just to support government and the wishes of the Labour Party. In a new capitalist environment we would actually have lower taxes. There should be lower taxes for New Zealanders going forward. We shouldn't be increasing taxes at a time when we need to encourage people to invest to take risks and to be aspirational for this country so that they can provide the jobs that actually provide the future for New Zealand. In a new capitalism we're going to actually support Māori business aspirations so that Māori can take advantage of not only their people but also their land and the opportunities they have in the trade. A new capitalist environment would develop modern environmental solutions that are fitting for New Zealand but take our country forward and represent the views of our people. We'd look at new trade agreements under modern new capitalism but most importantly of all the new capitalism that will arise from this terrible Labour Government will be one that actually looks forward as aspirational for New Zealanders and that actually makes sure that we back our people to take a chance and move forward. That is the future of New Zealand. Socialism will die with this Government. After that we will have to go through that revolution we always go through each generation that brings us back to the situation where we actually can fight and compete in a modern world.