The Governments asset sales programme has been an unmitigated disaster – so disastrous it borders on economic vandalism. Valuable assets built up over generations have been hocked off at firesale prices to a handful of investors because Mr Keys Government could not bear to admit now was not the right time to sell. Arguing that partial private ownership is an improvement on the status quo whatever the price is fatuous. Oh yeah, and why has the cost of the sale gone from an exorbitant 120m to nearly a quarter billion...there are fewer purchasers than expected.. what a gold plated rort.
Posted on: Wed, 30 Oct 2013 07:38:06 +0000
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