Forum Archive Index - December 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

oops..........i've just realised what i've written......

take away listed company and leave in company by itself.....irrespective of
who owns it at shareholder level (public people or private people).......

cheers

nk
----- Original Message -----
From: <nickk@quicksilver.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, December 04, 2002 5:52 PM
Subject: [sharechat] Re: Economic Liberalism


> every company is people owned!!!!!
>
> it does not make any sense to say the government (owned by people) sold it
a
> listed company (owned by people).....
>
> AIR went fine for at least 10 yrs until numerous factors stuffed it
> up.......
>
> telecom has been fine since 1988? until numerous factors are stuffing that
> up..........
>
> hindsight is a great thing but who is to say that the gummint wouldn't
have
> stuffed it up TEL & AIR just as much???
>
> Nk
>
> prhughes@value.net.nz writes:
>
> > I have followed this discussion with interest, and to be frank I am in
> > Snoop's corner on this one.I am not totally sure what economic
> > liberalism stands for? I can speculate, but it would be better if its
> > proponent would tell us.
> > Let's turn the clock back. Air NZ was owned by the People of NZ,
> > however the government of the day sold it to private interests on the
> > premise that they would make a better job of running it. Did they?
> > On the sidelines are as Snoopy said many growers whom are
> > dependant on Air NZ to get their products to world markets.So
> > someone had to step in and clean up the mess. This is not
> > economic theory but the real world.
> > Now let us move on a little. There seems to be a growing feeling
> > that Tranz Rail and Telecom could be turning to the Govt for
> > assistance. What do we do, let them go belly up.Yes, say
> > economic liberalists.
> > Let's suppose Telecom went under, do we perhaps wait weeks or
> > months for some other crowd (probably Telstra) to take over.In the
> > meantime the banks have appointed a receiver, whom decides that
> > money can be saved by closing it down immediately
> > Many customers of Telecom would be without their telephone as it
> > is unlikely that other providers could cope with the influx of new
> > customers.
> > Does the Govt of the day sit on their hands, and do nothing? The
> > answer is obvious.
> > I think the economic liberalists would gain more mileage if they
> > questioned the reasons as to why these previously  people owned
> > enterprises when sold to the private sector  have run into financial
> > strife.
> > I realise the Telecom example above is rather simple and far
> > fetched and is only used to illustrate a point
> >
> > Bill
> >
> > ps  I am of no particular political persuasion..
> >
>
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