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  "description": "10 News Stories They Chose Not to Tell You",
  "path": "/your-daily-ten-10-2026-088-2/",
  "publishedAt": "2026-05-18T22:00:30.000Z",
  "site": "https://goodoil.news",
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  "textContent": "**This is edition 2026/088 of the _Ten@10_ newsletter.**\n\nHi all,\n\nThis is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.\n\nEnjoy!\n\n* * *\n\n## 1. Democracy Briefing: The Regulator has confirmed the NZ economy is rigged\n\n _Bryce Edwards_\n\n  * 📊 The Commerce Commission's first economy-wide competition study draws on **22 years of Stats NZ firm-level data** to assess competitive conditions across New Zealand.\n  * ⚠️ The report identifies **electricity, gas, financial services, insurance, telecommunications, and mining** as the country's least competitive sectors.\n  * 📉 Commission Chair **Dr John Small** said market conditions favour larger incumbents and it is harder for smaller, newer businesses to displace them.\n  * 💰 **Financial and insurance services** show the strongest worsening competition trend across the entire 22-year period studied.\n  * 👥 Journalist Rob Stock noted competitive pressures were weakest in **essential industries households cannot avoid** doing business with.\n  * 🌍 OECD New Zealand desk head **David Haugh** told a Commerce Commission conference that in a small, remote economy competition does not emerge organically — it must be designed.\n  * 🏦 Haugh said a key priority is to **reduce the profitability of banks** , whose lending margins sit at the upper end of the OECD range.\n  * 💸 Bank profits extracted from New Zealand are **being shipped to Sydney and Melbourne** rather than recycled domestically, Haugh told the conference.\n  * ⚡ New Zealand generates around **96% of its electricity from renewables** yet runs wholesale power prices among the highest in the OECD.\n  * 🏛️ Commerce Minister **Cameron Brewer** met executives from energy, banking, supermarkets, insurance, and telecommunications the night before the report's release.\n  * 🔍 The roundtable was hosted by lobbying firm **Lillis Clark** , whose principals are former senior staffers to National ministers under Key and English.\n  * 🔥 Political journalist Richard Harman has reported Lillis Clark is **\"said to write much of the Beehive policy\"** for the current government.\n  * 🔵 Anna Lillis of Lillis Clark is **engaged to Trade Minister Todd McClay** , deepening questions about the firm's proximity to government decision-making.\n  * 🧾 New Zealand has **no lobbying register** , making it impossible to fully reconstruct Lillis Clark's client list or the extent of its influence.\n  * 📰 Brewer's public response to the most significant competition diagnostic in living memory was a **cheerful LinkedIn post** and a conference promise to \"watch this space\".\n\n\n\nRead More\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Your Daily Ten@10 - 2026/088",
  "updatedAt": "2026-05-18T22:00:30.129Z"
}