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Analysis: New Zealand – the “billionaire bolthole” primed for a crash

With steady growth and a low public debt, the New Zealand model is alluring – but it doesn’t take much digging to find demons, Ben Wray finds

THE New Yorker ran a fascinating piece last year on how the world’s billionaires are dealing with their paranoia about an apocalyptic change (a revolution; environmental catastrophe; a pandemic - just something cataclysmic). To prepare for the worst, they took out “apocalypse insurance” – land in New Zealand.

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