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Political party in New Zealand

The New Zealand Party operated as a political party in New Zealand from 1983 to 1993. Established by millionaire property tycoon Bob Jones, the party promoted economic liberalisation—it was the first political party to promote free market reforms.^[1] It failed to win any seats in Parliament, but it purportedly played a role in causing the defeat of Robert Muldoon's National government in the 1984 election by splitting the vote (as a spoiler).

History

Foundation

At the time of the New Zealand Party's foundation in 1983,^[2] the Prime Minister was Robert Muldoon. Muldoon was a social conservative but also a strong believer in the need for state intervention in the economy, claiming that only with government involvement could New Zealand be prosperous. In accordance with his economic theories, Muldoon introduced the so-called "Think Big" program, which saw massive overseas borrowing to fin Prophet bob jones biography!