Comments on: Ham-fisted intervention in markets is dull thinking http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/ NZ Internet, Media and Business Thu, 09 Feb 2012 09:02:16 +0000 hourly 1 http://wordpress.com/ By: Why intervention is needed for Telecom and not for Auckland « Lance Wiggs http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/#comment-10241 Wed, 05 Mar 2008 19:53:37 +0000 http://elevatorfactoids.wordpress.com/?p=738#comment-10241 [...] , Investing , Life , NZ Business , telecom Falafulu Fisi asks an excellent question to the previous post on Auckland Airport: “Aren’t both Auckland Airport & Telecom private companies? Why would you want to say [...]

]]> By: Lance Wiggs http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/#comment-10240 Wed, 05 Mar 2008 19:36:55 +0000 http://elevatorfactoids.wordpress.com/?p=738#comment-10240 Falafulu
Good question, but I feel I am being entirely consistent here. I’ve blogged about it
here

]]> By: Falafulu Fisi http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/#comment-10231 Wed, 05 Mar 2008 00:19:32 +0000 http://elevatorfactoids.wordpress.com/?p=738#comment-10231 Lance, I don’t know where you stand regarding the government’s dismembering (splitting) of Telecom which is a private company, but please correct me here if I am wrong. I assume that you support the Telecom dismembering by this socialist government, and if that is your stand on that issue, then I think your comment here is inconsistent:

you said…
When the market drops by 2% after a new protectionist law is created it should be obvious to everyone the impact of ham-fisted interventionist Government policy.

Aren’t both Auckland Airport & Telecom private companies? Why would you want to say that the government is an interventionist regarding the CPPIB attempt to buying shares in the Auckland Airport but not saying the same thing about Telecom?

I am a defender of property rights, and the state has no right at all to meddle in the affairs of private businesses such as Telecom or Auckland Airport. That decision to sell or not to sell is entirely up to the rightful owners (ie, the Airport Shareholders) and not those Commissars in Wellington .

]]> By: tom http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/#comment-10230 Tue, 04 Mar 2008 20:38:04 +0000 http://elevatorfactoids.wordpress.com/?p=738#comment-10230 A travesty indeed…
I think the intent is right with regards to protecting offshore flow of what would have otherwise been NZ domiciled tax dollars by restricting the CCPIB’s planned issuing of stapled securities. But the mechanism is shoddy – and the timing is friggin appalling.
Thus, the broader ramifications now far outweigh any gains that might have been there. If therey were to do this, the government should have done this a year ago, and with far more tact and guile – something they do seem to lack…

]]> By: Ellgee http://lancewiggs.com/2008/03/04/ham-fisted-intervention-in-markets-is-dull-thinking/#comment-10214 Tue, 04 Mar 2008 01:22:09 +0000 http://elevatorfactoids.wordpress.com/?p=738#comment-10214 Absolutely right Lance- NZ will be crossed off the list. The irony is that we would complain bitterly if the NZ super fund was mucked around like this.

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