December 5, 2024 • 12 mins
2024 is coming to a close and with it the Coalition Government’s first year in power.
Prime Minister Christopher Luxon joined Mike Hosking for the last time this year to reflect on his first year as Prime Minister.
In response to the reports that say New Zealand faces an investment gap with a growing population, Luxon says that it's a marvellous set of challenges.
"The last 30 years, what we've had is a productivity disease," Luxon said.
He said countries with similar populations are wealthier than New Zealand.
"I've studied this for about 20 years and it comes down to about five things, it's education, science, technology, innovation. What you're seeing at Fonterra, they're really adding a lot of value to their product services, it's definitely infrastructure..."
Luxon said as a country we are bad at attracting foreign investment.
Hosking asked Luxon if he thinks people "truly understand how troubled this country is."
"No," Luxon responded, referencing the past six years of previous government policy.
"We run the country like it's 1975," Luxon said.
Hosking said the mentality in the country is "the government will wipe my bum."
There needed to be a "better quality economic engine" in place for New Zealand to be able to fund its public services better, Luxon said.
In regards to his first year as Prime Minister, Luxon said it's been a great 12 months, but you don't really have time to digest it while you're in it.
Hosking said his criticism of Luxon was that he hasn't gone hard enough, but the Prime Minister says problems are often more complex than they seem from the outside.
"You can get very lost in it if you don't have great clarity," he said.
"This Spotify wrapped of yours, are you a fraud?" Hosking asked, referencing that Luxon had previously said he was a country music fan and there was a lack of country music on his list of most listened-to songs and artists.
"That was quite an accusation..." Luxon responded.
Luxon defended himself by saying Post Malone and Dua Lipa have created a country song together and is one of his favourites.
He called Post Malones new album the "best album of the year."
He gave a shout-out to "Day of the Jackal," a TV series he was enjoying and joked with Hosking that they were supporting TVNZ+ by doing so.
While the Prime Minister was in, Hosking gave him a Christmas gift that was "one of one" and a "prototype."
It was a book titled "The Complete Guide to Surviving a Mike Hosking Interview."
"That is genius," Luxon said.
Luxon gave Hosking a Christmas card with a family photo on it and some "furikake seasoning," a Japanese seasoning typically made with toasted sesame seeds and nori.
"People like me, who are men of the people, just use salt, I mean I come from a very humble background.
"This is what really posh people do," Luxon said.
"Absolutely love it," Hosking said in response to the gift.
Luxon also gave Hosking a "special energy Voost" that was described as "posh Berrocca."
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Given it's the first of seasons. The Prime Minister drops
into say hello and goodbye. Nice to see nice.
Speaker 2 (00:05):
To see you, to see you too.
Speaker 1 (00:06):
Do you want the serious stuff first? A couple of
serious things since I talked to you on Tuesday, scrutiny week.
Broadly speaking, is it worth it or not?
Speaker 2 (00:12):
Well, I mean it's an innovation from Parliament. That's I
think the first time we've been doing it. Look, I
think anything that tries to give people more visibility as
to what's going on transparency is probably worth it. I
haven't checked in with my guys as to how they
found it, but you know, look, I think that's not
a bad thing.
Speaker 1 (00:27):
Okay. Have you seen the OECD report on New Zealand
this morning?
Speaker 2 (00:30):
I haven't seen it.
Speaker 1 (00:31):
It's a doer Yeah, it is a doer story. So
our projected growth for next years one point four percent
twenty twenty six is two point one percent. The world
is at three point three, so we're trailing the world.
New Zealand also faces an investment gap in addressing the
needs of a rapidly growing population. This is essential to
tackle low productivity growth and high electricity fenture prices. Labour
productivity growth has fallen markedly since twenty twenty one. GDP
(00:54):
growth has been driven by an expansion of labor. Most
of the people coming to this country are low and
medium skilled people. High bank margins, capital cost, reduced demand
for credit, high futures, electricity prices will exacerbate productivity problems,
and so it goes.
Speaker 2 (01:06):
I mean, that's a bad what a marvelous set of
challenges to deal with mine, well, to get yourself.
Speaker 1 (01:10):
I mean, I'm not sitting here blaming you've only been
a year, but I mean, but it's dead right right.
Speaker 2 (01:14):
I mean, if you think about it, the last thirty years,
what we've had is a productivity disease. You know, we've
been in the bottom quarter basically of economic productivity. That
means that we're all working frick and hard, but we're
actually not able to create the value that we need
to be able to have a high stander living. And
you know, you think about places like Ireland and Denmark
and Singapore and New South Wales State's other five million
type people places When you say why are they wealthier
(01:37):
to us? And I've studied this for about twenty years,
it comes down to about five things. It's education, It's science, technology, innovation,
what you're seeing at Fonterra where they're really adding lots
of value to their product services. It's definitely infrastructure. We've
got a hell big problem there to sort through red
tape and obviously trade and investment, and you know we've
got thin pools of capital. You know, we've done a
very poor job of attracting foreign investment to this country.
(01:58):
The mentality has been, you know, welcome to New Zealand.
But you know it's a privilege for you to invest
here versus we should be saying thank you for bringing
your money here. And we're thirty eighth out of thirty
eighth in the OECD head attracting foreign investment as well.
Speaker 1 (02:10):
Do you think most people we've talked about this is
a theme a number of times this year, do you
think most people truly understand how troubled this country is?
Speaker 2 (02:19):
No? And do And I know when I've sort of
said how much damage was done in that six year period,
you get over that, you know, like the reality is
I now own it and we've got to fix it
and deal with it. But you know, we've got to
get the long term foundations in place. When you have
forty five percent of your kids going to school regularly
and fifty five percent not, which is what happened when
we started. You're sitting there going, well, England's sitting at
(02:40):
eighty two percent, we're sitting at forty five percent. Well,
how are we supposed to be competitive with England and
with Australia and with Canada and other places that we
think are like minded places. We can't sort that stuff out.
If you're four out of your five kids arrive at
high school not where they need to be on maths
and one out of two where they need to be
on reading. That's serious stuff, right, because that, seriously is
about how you get the leaders and artificial intelligences and
(03:00):
agri science and four lane highways up to funger A
and engineers and all that good stuff. If you don't
get those things sorted. The same on investment in infrastructure,
we've managed infrastructure very very poorly. You know, we run
the country like it's nineteen seventy five and we have
to think about how we do infrastructure very differently.
Speaker 1 (03:15):
Do you think the mentality see one of one of
the things of the media's fault as much as anything else.
There is no shortage of people in your time and office,
who genuinely believe that you are the answer to everything.
For money, So we're sort of money. This didn't work,
that didn't work, the government will wipe my bum So
that's the mentality in this country that only a government
can fix it. The idea of working hard, doing better,
(03:35):
improving yourself is beyond most people.
Speaker 2 (03:38):
That's what we've got it. That is exactly the notion
we have to put in place, because I will I
had it last night. I was talking to someone in
the healthcare sector and as I was saying all the
differences between New South Wales and New Zealand, you know
they're thirty five percent wealthier than New Zealand now, so
if you don't build out a better quality economic engine,
you can't deliver the public services that people have expectations of.
Ireland's a case study. I've been there a few times now.
(04:00):
I went there to study education and also how they
do infrastructure development and investment. That was a country that
had seventy five percent of the wealth of New Zealand,
same per person, same sized country. Now twice as wealth,
You're excellent. So you get twice as many at GPS,
you get twice as many teachers. So you know, when
I talk the economy, it's not because I'm focused on
money and I'm a commercial guy. It's actually because what
that enables is actually a better healthcare system, better infrastructure system,
(04:23):
better school system.
Speaker 1 (04:24):
Okay, well, you've got two more years, I guess to
sell it to us. Having said that, longer than too
more years, it seems it seems weird. It seems weird
to me. It was only a year ago this time
last year year at the court of the hotel. It
seems longer ago than that, doesn't it or not?
Speaker 2 (04:37):
It does feel that to me, But I guess that's
with you. Every week just goes by, you know, so quickly,
and a lot happens in a week, as well as
my observation, and you don't really have time to digest
because you're just moving things forward. To reflect that much,
and I'll probably get a chance to do that over
summer a little bit. But yeah, it's been a four
on twelve months. But it's been a great twelve months.
I mean, I've thoroughly enjoyed it, you know, because you're
(04:59):
in the mix, you're in the arena, sort of pulling levers,
making choices, making decisions.
Speaker 1 (05:04):
I found an opposition you didn't get to. It's an
interesting point. My criticism of you would be you've not
gone hard enough. But take that for whatever else do
you feel.
Speaker 2 (05:11):
Would be a standard criticism I would have thought from you.
Speaker 1 (05:16):
Do you feel like you are in a job that
you thought it would be something where you could make
genuine change and you are doing it?
Speaker 2 (05:23):
Yeah? I do, actually, like, I genuinely think that the
opposition job is really hard, right, And I remember looking
at it and thinking about all the leaders that we've
had of the National Party. They're all on a photo
in the wall at National House, which is the head
office of our party. And I think there's only six
out of one elections and there's a number of that
were you followed on from leaders that at the end
of terms. But you know, it's a hard job because
(05:45):
you don't have anything to do, you know. But now
as a prominisey, that's the job you want because you
can actually pull the levers and in the center you
have to be really brutally clear and directive when you're
doing a turnaround, and otherwise by the time it ripples
out through the system, change doesn't happen and there's a
lot of things. I mean, you can and you can
get very lost in it if you don't have great
clarity and choose what you are doing and what you're
(06:06):
not doing right now, because otherwise you're boiling the ocean.
You're just bumper stickering your way through it and papering
over the cracks and actually not doing things properly. And
you know, we've got some real challenges, you know, there's
no doubt about it. But we have to you know,
we want to try right. We have to get to
a better place.
Speaker 1 (06:21):
Explain to a person like me who would criticize you
for not going hard enough or harder than you are.
Do you believe you're going as hard as you can
or have you discovered something that prevents you from going
further than you have?
Speaker 2 (06:33):
The problems are more complex often than they feel, you know,
just when you do a you know, observing them from outside,
so when you get inside the problem that takes you
a bit of you know, they're quite complex by the
time they come your way. But no, look, I think
we are. I mean you've got to. I mean, look,
you've got two choices. On the economic front. You could
carry on doing exactly what the last lot did, which
would spend more, tax more, borrow more, not deliver. Or
(06:54):
you could go what we've seen around the world, which
isn't hard austerity, and that's not good either. That has
got a whole bunch of consequences and implications. And we
are genuinely trying to find that third way through which
I think we've done well and Nicola and I'm working
through the budget process where actually giving people tax relief,
you're able to actually put some investment into the future infrastructure.
But we're going to need for infrastructure falent for someonle
(07:16):
We are going to need outside pools of capital because
we can't just use our balance sheet and weight to
get rhads built in twenty sixty.
Speaker 1 (07:22):
We have to do things sooner that it's funny you
should say that because Franis Sullivan's got a piece in
the paper this morning. It deals with you met Larry Fink, Yeah,
at black Rock, at the same company that pulled the
plug the other day on Soul zero. So do you
want to mend or not? I mean, are they the
sort of people we want to deal with or Well.
Speaker 2 (07:37):
The point is that around the world there is trillions
of dollars of sovereign wealth money. Right, Like basically it's
interesting thing. I told you like us. You had dinner
with Mody and he says he's got a new university
he's opening every week. He needs something like two thousand plains. See,
think about the hundreds of millions of people coming out
of poverty who now moved from subsistence living into the
middle class, and they want to go travel, they want
(07:57):
to go get educated for their kids, and they actually
want to save money for retirement. Well, all of those
funds need to be invested. So everywhere I go, if overseas,
I take two hours and I go bring them the
biggest investors from those countries and meet with them for lunch.
Speaker 1 (08:09):
But is the money they are open.
Speaker 2 (08:11):
To wanting to invest. I want their money, and the
problem is the middleware, which is actually they don't know
what's here to invest in. And we need to basically
put deal sheets together to actually say, look, we've got
a whole bunch of roads, we've got a whole bunch
of other assets that are available to you, and we've
got to change some of the settings, which we're working
our way through. So I do think Mike, there is
actually the doors open. We just got to push it
(08:32):
open and barge through it. Do you.
Speaker 1 (08:35):
I need to take a break and we will, but
think about this during the break. The Spotify rap of
yours Yeah, are you a fraud? More in a moment,
just a couple of quick things.
Speaker 2 (08:46):
So that was quite an accusation you made before.
Speaker 1 (08:48):
That It wasn't to be fair. I thought that you
were elevated to Prime Minister of this country based on
your love of country music, and so then I see
the Spotify rap and there's next to no country music
on it.
Speaker 2 (08:58):
Yeah, well there is actually, Like I mean, post Malone
and do Alepa did a great song Think I'm in
Love with You, Like if you do one thing, like,
You've got three things to do for me over the holidays.
One is you've got to listen to F one trillion,
which is Post Malone's country collaboration album. It's brilliant, the
best album of the year, right. I Think I'm in
Love with You, which is a Chris Stapleton song, but
he did a duet with Dua Lipa which is just
unbeleveled song of the year. And the third thing I
(09:19):
think you need to do is actually need to watch
Day of the Jackal, which is with any TV plus.
Speaker 1 (09:26):
Z plus because they're losing so much better.
Speaker 2 (09:28):
We're doing everything we can to make them more profitable.
Speaker 1 (09:32):
Very good. Now the present I have for you I
open this is this is a prototype. This is first
of all, it's one of one, so it's unique.
Speaker 2 (09:43):
This sounds special.
Speaker 1 (09:45):
It's a prototype, and there is a I believe bigger
and if not more bigger, a more luxurious version of
this coming.
Speaker 2 (09:53):
So so is that sort of like driving gloves or something.
Speaker 1 (09:56):
Well, they're not. No, they're not clients. They're not driving gloves.
Speaker 2 (09:59):
But I'm not allowed to drive me Moore.
Speaker 1 (10:00):
I think you'll I think you'll be impressed. No one
has ever been given one of these because it doesn't
exist anywhere else in the world.
Speaker 2 (10:06):
Oh look, that's the complete guide to surviving and Mike
Hosking interview.
Speaker 1 (10:11):
So look for the instructions.
Speaker 2 (10:16):
That is genius. That is genius.
Speaker 1 (10:19):
So we'll get a leather bound version of that when
it's completed.
Speaker 2 (10:23):
It's a total mystery to me. Twelve months after having
done these interviews, can I give you my guest?
Speaker 1 (10:28):
Yes you can, you can, all right, so keep the bag.
Speaker 2 (10:32):
Not only that you get a beautiful card that you
are the very first person that I have given this
card to you. It's a lovely photo of myself, stunning life, Amanda.
We's got a handwritten note inside. So there you go.
You can be on the string that you put in
the office.
Speaker 1 (10:47):
That's that's an awesome photo. Is that taken in front
of your hedges?
Speaker 2 (10:50):
Yeah, that's in front of the hedges at home. I
know you appreciate a good fighters hite day. I love
a good fights.
Speaker 1 (10:56):
Now.
Speaker 2 (10:57):
This is this is your fear of khaki seasoning. Now,
I mean it's your listeners. Most of us would just
use you know, people like me who are mean at
the people. Now, of course I just use salt. I
mean I come from a very humble background and and
just but you look at this, and this is what
really posh people do. It's like seasoning. And I think
you've got like I think it's like a seaweed that
gets sort of extracted in some complicated process up north,
(11:20):
or a carpedo sultan. Yeah you put that on your food. Yeah,
I know, it's that's what I read about. You put
on your pokey bowl and you smashed avocado toast and
stuff like that. I imagine you sit around you and
your pajamas.
Speaker 1 (11:31):
I love it absolutely.
Speaker 2 (11:32):
And then the other thing is you often comment when
I come in with my water bottle, I'm sort of
you say, Chris, wat's in the water and why is it?
And you sort of accused me of it being a
sort of your own sum put one points and all
sorts of things. But I brought you this is my
special energy voos. Now, this is posh baraka basically is
what you're getting here. And sometimes I come in and
you're a bit grumpy and sometimes you're happier, and I
just think if you put that into your day, that
(11:54):
would be.
Speaker 1 (11:54):
Quite trans You're glad, you're a good bloke. I'm going
to enjoy that over the holiday period. I'll be a
whole new man. On the next year. You have you
and Amanda and kentson everything. You have a lovely Christmas,
vely year. I had a great break Take care see
you say, Christopher LIKEXM. For more from the Mic Asking Breakfast,
listen live to news talks. It'd be from six am weekdays,
(12:14):
or follow the podcast on iHeartRadio.
Given it's the first of seasons. The Prime Minister drops
into say hello and goodbye. Nice to see nice.
Speaker 2 (00:05):
To see you, to see you too.
Speaker 1 (00:06):
Do you want the serious stuff first? A couple of
serious things since I talked to you on Tuesday, scrutiny week.
Broadly speaking, is it worth it or not?
Speaker 2 (00:12):
Well, I mean it's an innovation from Parliament. That's I
think the first time we've been doing it. Look, I
think anything that tries to give people more visibility as
to what's going on transparency is probably worth it. I
haven't checked in with my guys as to how they
found it, but you know, look, I think that's not
a bad thing.
Speaker 1 (00:27):
Okay. Have you seen the OECD report on New Zealand
this morning?
Speaker 2 (00:30):
I haven't seen it.
Speaker 1 (00:31):
It's a doer Yeah, it is a doer story. So
our projected growth for next years one point four percent
twenty twenty six is two point one percent. The world
is at three point three, so we're trailing the world.
New Zealand also faces an investment gap in addressing the
needs of a rapidly growing population. This is essential to
tackle low productivity growth and high electricity fenture prices. Labour
productivity growth has fallen markedly since twenty twenty one. GDP
(00:54):
growth has been driven by an expansion of labor. Most
of the people coming to this country are low and
medium skilled people. High bank margins, capital cost, reduced demand
for credit, high futures, electricity prices will exacerbate productivity problems,
and so it goes.
Speaker 2 (01:06):
I mean, that's a bad what a marvelous set of
challenges to deal with mine, well, to get yourself.
Speaker 1 (01:10):
I mean, I'm not sitting here blaming you've only been
a year, but I mean, but it's dead right right.
Speaker 2 (01:14):
I mean, if you think about it, the last thirty years,
what we've had is a productivity disease. You know, we've
been in the bottom quarter basically of economic productivity. That
means that we're all working frick and hard, but we're
actually not able to create the value that we need
to be able to have a high stander living. And
you know, you think about places like Ireland and Denmark
and Singapore and New South Wales State's other five million
type people places When you say why are they wealthier
(01:37):
to us? And I've studied this for about twenty years,
it comes down to about five things. It's education, It's science, technology, innovation,
what you're seeing at Fonterra where they're really adding lots
of value to their product services. It's definitely infrastructure. We've
got a hell big problem there to sort through red
tape and obviously trade and investment, and you know we've
got thin pools of capital. You know, we've done a
very poor job of attracting foreign investment to this country.
(01:58):
The mentality has been, you know, welcome to New Zealand.
But you know it's a privilege for you to invest
here versus we should be saying thank you for bringing
your money here. And we're thirty eighth out of thirty
eighth in the OECD head attracting foreign investment as well.
Speaker 1 (02:10):
Do you think most people we've talked about this is
a theme a number of times this year, do you
think most people truly understand how troubled this country is?
Speaker 2 (02:19):
No? And do And I know when I've sort of
said how much damage was done in that six year period,
you get over that, you know, like the reality is
I now own it and we've got to fix it
and deal with it. But you know, we've got to
get the long term foundations in place. When you have
forty five percent of your kids going to school regularly
and fifty five percent not, which is what happened when
we started. You're sitting there going, well, England's sitting at
(02:40):
eighty two percent, we're sitting at forty five percent. Well,
how are we supposed to be competitive with England and
with Australia and with Canada and other places that we
think are like minded places. We can't sort that stuff out.
If you're four out of your five kids arrive at
high school not where they need to be on maths
and one out of two where they need to be
on reading. That's serious stuff, right, because that, seriously is
about how you get the leaders and artificial intelligences and
(03:00):
agri science and four lane highways up to funger A
and engineers and all that good stuff. If you don't
get those things sorted. The same on investment in infrastructure,
we've managed infrastructure very very poorly. You know, we run
the country like it's nineteen seventy five and we have
to think about how we do infrastructure very differently.
Speaker 1 (03:15):
Do you think the mentality see one of one of
the things of the media's fault as much as anything else.
There is no shortage of people in your time and office,
who genuinely believe that you are the answer to everything.
For money, So we're sort of money. This didn't work,
that didn't work, the government will wipe my bum So
that's the mentality in this country that only a government
can fix it. The idea of working hard, doing better,
(03:35):
improving yourself is beyond most people.
Speaker 2 (03:38):
That's what we've got it. That is exactly the notion
we have to put in place, because I will I
had it last night. I was talking to someone in
the healthcare sector and as I was saying all the
differences between New South Wales and New Zealand, you know
they're thirty five percent wealthier than New Zealand now, so
if you don't build out a better quality economic engine,
you can't deliver the public services that people have expectations of.
Ireland's a case study. I've been there a few times now.
(04:00):
I went there to study education and also how they
do infrastructure development and investment. That was a country that
had seventy five percent of the wealth of New Zealand,
same per person, same sized country. Now twice as wealth,
You're excellent. So you get twice as many at GPS,
you get twice as many teachers. So you know, when
I talk the economy, it's not because I'm focused on
money and I'm a commercial guy. It's actually because what
that enables is actually a better healthcare system, better infrastructure system,
(04:23):
better school system.
Speaker 1 (04:24):
Okay, well, you've got two more years, I guess to
sell it to us. Having said that, longer than too
more years, it seems it seems weird. It seems weird
to me. It was only a year ago this time
last year year at the court of the hotel. It
seems longer ago than that, doesn't it or not?
Speaker 2 (04:37):
It does feel that to me, But I guess that's
with you. Every week just goes by, you know, so quickly,
and a lot happens in a week, as well as
my observation, and you don't really have time to digest
because you're just moving things forward. To reflect that much,
and I'll probably get a chance to do that over
summer a little bit. But yeah, it's been a four
on twelve months. But it's been a great twelve months.
I mean, I've thoroughly enjoyed it, you know, because you're
(04:59):
in the mix, you're in the arena, sort of pulling levers,
making choices, making decisions.
Speaker 1 (05:04):
I found an opposition you didn't get to. It's an
interesting point. My criticism of you would be you've not
gone hard enough. But take that for whatever else do
you feel.
Speaker 2 (05:11):
Would be a standard criticism I would have thought from you.
Speaker 1 (05:16):
Do you feel like you are in a job that
you thought it would be something where you could make
genuine change and you are doing it?
Speaker 2 (05:23):
Yeah? I do, actually, like, I genuinely think that the
opposition job is really hard, right, And I remember looking
at it and thinking about all the leaders that we've
had of the National Party. They're all on a photo
in the wall at National House, which is the head
office of our party. And I think there's only six
out of one elections and there's a number of that
were you followed on from leaders that at the end
of terms. But you know, it's a hard job because
(05:45):
you don't have anything to do, you know. But now
as a prominisey, that's the job you want because you
can actually pull the levers and in the center you
have to be really brutally clear and directive when you're
doing a turnaround, and otherwise by the time it ripples
out through the system, change doesn't happen and there's a
lot of things. I mean, you can and you can
get very lost in it if you don't have great
clarity and choose what you are doing and what you're
(06:06):
not doing right now, because otherwise you're boiling the ocean.
You're just bumper stickering your way through it and papering
over the cracks and actually not doing things properly. And
you know, we've got some real challenges, you know, there's
no doubt about it. But we have to you know,
we want to try right. We have to get to
a better place.
Speaker 1 (06:21):
Explain to a person like me who would criticize you
for not going hard enough or harder than you are.
Do you believe you're going as hard as you can
or have you discovered something that prevents you from going
further than you have?
Speaker 2 (06:33):
The problems are more complex often than they feel, you know,
just when you do a you know, observing them from outside,
so when you get inside the problem that takes you
a bit of you know, they're quite complex by the
time they come your way. But no, look, I think
we are. I mean you've got to. I mean, look,
you've got two choices. On the economic front. You could
carry on doing exactly what the last lot did, which
would spend more, tax more, borrow more, not deliver. Or
(06:54):
you could go what we've seen around the world, which
isn't hard austerity, and that's not good either. That has
got a whole bunch of consequences and implications. And we
are genuinely trying to find that third way through which
I think we've done well and Nicola and I'm working
through the budget process where actually giving people tax relief,
you're able to actually put some investment into the future infrastructure.
But we're going to need for infrastructure falent for someonle
(07:16):
We are going to need outside pools of capital because
we can't just use our balance sheet and weight to
get rhads built in twenty sixty.
Speaker 1 (07:22):
We have to do things sooner that it's funny you
should say that because Franis Sullivan's got a piece in
the paper this morning. It deals with you met Larry Fink, Yeah,
at black Rock, at the same company that pulled the
plug the other day on Soul zero. So do you
want to mend or not? I mean, are they the
sort of people we want to deal with or Well.
Speaker 2 (07:37):
The point is that around the world there is trillions
of dollars of sovereign wealth money. Right, Like basically it's
interesting thing. I told you like us. You had dinner
with Mody and he says he's got a new university
he's opening every week. He needs something like two thousand plains. See,
think about the hundreds of millions of people coming out
of poverty who now moved from subsistence living into the
middle class, and they want to go travel, they want
(07:57):
to go get educated for their kids, and they actually
want to save money for retirement. Well, all of those
funds need to be invested. So everywhere I go, if overseas,
I take two hours and I go bring them the
biggest investors from those countries and meet with them for lunch.
Speaker 1 (08:09):
But is the money they are open.
Speaker 2 (08:11):
To wanting to invest. I want their money, and the
problem is the middleware, which is actually they don't know
what's here to invest in. And we need to basically
put deal sheets together to actually say, look, we've got
a whole bunch of roads, we've got a whole bunch
of other assets that are available to you, and we've
got to change some of the settings, which we're working
our way through. So I do think Mike, there is
actually the doors open. We just got to push it
(08:32):
open and barge through it. Do you.
Speaker 1 (08:35):
I need to take a break and we will, but
think about this during the break. The Spotify rap of
yours Yeah, are you a fraud? More in a moment,
just a couple of quick things.
Speaker 2 (08:46):
So that was quite an accusation you made before.
Speaker 1 (08:48):
That It wasn't to be fair. I thought that you
were elevated to Prime Minister of this country based on
your love of country music, and so then I see
the Spotify rap and there's next to no country music
on it.
Speaker 2 (08:58):
Yeah, well there is actually, Like I mean, post Malone
and do Alepa did a great song Think I'm in
Love with You, Like if you do one thing, like,
You've got three things to do for me over the holidays.
One is you've got to listen to F one trillion,
which is Post Malone's country collaboration album. It's brilliant, the
best album of the year, right. I Think I'm in
Love with You, which is a Chris Stapleton song, but
he did a duet with Dua Lipa which is just
unbeleveled song of the year. And the third thing I
(09:19):
think you need to do is actually need to watch
Day of the Jackal, which is with any TV plus.
Speaker 1 (09:26):
Z plus because they're losing so much better.
Speaker 2 (09:28):
We're doing everything we can to make them more profitable.
Speaker 1 (09:32):
Very good. Now the present I have for you I
open this is this is a prototype. This is first
of all, it's one of one, so it's unique.
Speaker 2 (09:43):
This sounds special.
Speaker 1 (09:45):
It's a prototype, and there is a I believe bigger
and if not more bigger, a more luxurious version of
this coming.
Speaker 2 (09:53):
So so is that sort of like driving gloves or something.
Speaker 1 (09:56):
Well, they're not. No, they're not clients. They're not driving gloves.
Speaker 2 (09:59):
But I'm not allowed to drive me Moore.
Speaker 1 (10:00):
I think you'll I think you'll be impressed. No one
has ever been given one of these because it doesn't
exist anywhere else in the world.
Speaker 2 (10:06):
Oh look, that's the complete guide to surviving and Mike
Hosking interview.
Speaker 1 (10:11):
So look for the instructions.
Speaker 2 (10:16):
That is genius. That is genius.
Speaker 1 (10:19):
So we'll get a leather bound version of that when
it's completed.
Speaker 2 (10:23):
It's a total mystery to me. Twelve months after having
done these interviews, can I give you my guest?
Speaker 1 (10:28):
Yes you can, you can, all right, so keep the bag.
Speaker 2 (10:32):
Not only that you get a beautiful card that you
are the very first person that I have given this
card to you. It's a lovely photo of myself, stunning life, Amanda.
We's got a handwritten note inside. So there you go.
You can be on the string that you put in
the office.
Speaker 1 (10:47):
That's that's an awesome photo. Is that taken in front
of your hedges?
Speaker 2 (10:50):
Yeah, that's in front of the hedges at home. I
know you appreciate a good fighters hite day. I love
a good fights.
Speaker 1 (10:56):
Now.
Speaker 2 (10:57):
This is this is your fear of khaki seasoning. Now,
I mean it's your listeners. Most of us would just
use you know, people like me who are mean at
the people. Now, of course I just use salt. I
mean I come from a very humble background and and
just but you look at this, and this is what
really posh people do. It's like seasoning. And I think
you've got like I think it's like a seaweed that
gets sort of extracted in some complicated process up north,
(11:20):
or a carpedo sultan. Yeah you put that on your food. Yeah,
I know, it's that's what I read about. You put
on your pokey bowl and you smashed avocado toast and
stuff like that. I imagine you sit around you and
your pajamas.
Speaker 1 (11:31):
I love it absolutely.
Speaker 2 (11:32):
And then the other thing is you often comment when
I come in with my water bottle, I'm sort of
you say, Chris, wat's in the water and why is it?
And you sort of accused me of it being a
sort of your own sum put one points and all
sorts of things. But I brought you this is my
special energy voos. Now, this is posh baraka basically is
what you're getting here. And sometimes I come in and
you're a bit grumpy and sometimes you're happier, and I
just think if you put that into your day, that
(11:54):
would be.
Speaker 1 (11:54):
Quite trans You're glad, you're a good bloke. I'm going
to enjoy that over the holiday period. I'll be a
whole new man. On the next year. You have you
and Amanda and kentson everything. You have a lovely Christmas,
vely year. I had a great break Take care see
you say, Christopher LIKEXM. For more from the Mic Asking Breakfast,
listen live to news talks. It'd be from six am weekdays,
(12:14):
or follow the podcast on iHeartRadio.
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