Tuesday, September 13, 2011


Werewolf: Ten Myths About Asset Sales

A systematic demolition of the myths National is using to try and push this policy upon us. It won't make us better off, it won't help us reduce debt in the long-term, and it won't improve the (already excellent) performance of these companies. instead, it will redistribute wealth upwards, from ordinary Kiwis to the narrow elite who play on the sharemarket, while subsidising that entertainment. It also makes a good point: surely it is the responsibility of the private sector to build companies people feel safe investing in? And if ours can't, then why the hell would we trust it to run our electricity sector?