Tuesday, November 1, 2011

Brain wire comes loose

Why would one take the proceeds from selling down state owned energy assets so as to reduce taxpayer risk, and promptly invest them in a state sponsored bank which is far more risky than any energy company?

Selling state assets is important for numerous reasons but it uses up valuable political capital in N.Z. Squandering the opportunity by straight away locking up the proceeds in an even more risky endeavour (established at the behest of a one man party conspiracy theory), shows just how shockingly low on investment prowess governments and even the normally sensible Bill English are.

It is, of course, precisely because of this sort of sheer brilliance that we ought to sell the state out of the country’s valuable assets.


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