This piece originally appeared in the Australian Financial Review on 6 December 2016. It was co-authored with John Roskam.
The New Zealand prime minister is rightly being showered with praise from over this side of the Tasman. Prime Minister Malcolm Turnbull said Key’s resignation was “a great loss to New Zealand and a great loss to the world”. Tony Abbott congratulated Key for a “fine innings”.
Key’s shock resignation yesterday comes with his three-term government, first elected in 2008, in a strong position to retain government at next year’s election.
Our political class should not only ponder Key’s electoral success but the bold policy agenda that made it possible. The lesson of Key’s stint in office is that it is possible to stand on principle and build widespread popular support for economic reform. Continue reading