'Mum and Dad investors' is smile and wave spin
Need to con the NZ Public into flogging off our collective assets to overseas interests? Just keep saying, 'Mum and Dad investors'. Key's used the phrase so often he sounds like a bloody parrot with a cracker.
Or should that be a cracker with a parrot?
I love how the mainstream media refer to 80% of us against asset sales as a 'mixed response'.
These assets have a combined value of $11.75 billion, and earn NZers $700 million a year, selling off core monopoly services will see the profits move overseas. The 'mum and dad' investor thing is bullshit because SOE's can issue bonds to small NZ investors already, this is off shore privatization and we will end up paying for an asset we already own!
My Grandfather, my Grandmother, my father, my mother and I have already paid for these bloody assets! Why in Christ's name should I line up to buy an asset I already bloody well own???
John Key defends flogging off our core assets to the corporate elite because of 'debt' but Debt-servicing cost 1.22% of GDP in 2010, we don't have a debt servicing problem. Labour when in power did what they are supposed to do during the good times and pay down the debt, austerity measures and slashing public services when the most vulnerable need those services most will only succeed in exacerbating poverty and increasing the possibility of a double dip recession. We know recessions have a terrible impact on our communities, in the last one our suicide rate trebled to the world highs they are now.
Whoring off public assets we've already paid for is as counter productive as a Paul Henry Supporter Book club.
Even Bernard Hickey thinks it's a bad idea to sell off assets and forgo dividends in perpetuity. In a small market like the NZ electricity market, private oligopolies will end up manipulating the prices meaning we will actually be worse off!
The role of the State is to prevent private monopolies controlling vital commercial infrastructure and selling this protective role out to provide funding for the day to day social infrastructure responsibilities like schools and public health are a false choice National are simply hoping they can con the electorate into by saying 'Mum and Dad investors' over and over again.
Privatizing assets makes as much sense as mining in conservation land.