State-owned assets: No to confiscation, yes to collective control

February 20, 2012

Police Minister Judith Collins, broadcaster Paul Holmes, State Owned Enterprises Minister Tony Ryall, Prime Minister John Key and MP Peter Dunne

Ian Anderson

The National government has introduced plans to sell 49% shares in state-owned enterprises to private investors. Many on the left call for “New Zealand ownership,” but the real issue here is corporatisation of resources; whether by Kiwi or international investors.

National describes their plans as a “mixed ownership model,” claiming they’ll cap investment by any one company at 10%, and that 85-90% of shares will be held by Kiwi “mum and dad” investors. However investigation by the Ombudsman reveals that Treasury has no evidence for these claims. Only a small minority of investors will benefit from these sales. Read the rest of this entry »


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