More left-wing hypocrisy

Labour lickspittle apologist and funder Selwyn Pellett is being lauded by Labour as a person to be listened to on the issue of National opening up SOEs for investment.

Would this be the same Selwyn Pellett who doesn’t want NZ owned companies to avail themselves of foreign capital but is quite happy to have his own companies listed on the London Stock Exchange to avail himself of a good chunk of foreign capital for himself and his companies.

If it is the same Selwyn Pellett he is also a willing recipient of corporate welfare in the form of grants of over NZ$6.5 million even though his company reported revenues of over US$30 million in 2009 and again in 2010.

Is it the same Selwyn Pellet whose companies have major shareholders such as:

Yes it would be Selwyn Pellett, hypocrite, who wants to ham-string Kiwi investors and all the while he seeks foreign capital for his own companies from multi-national fund managers. He can have UK pension funds and American pension funds invest in his companies but doesn’t want New Zealand Kiwisaver fund managers to be able to invest in good solid Kiwi infrastructure or technology companies, he wants those investment funds for his own multi-million dollar companies.

The man is a class A pinko hypocrite.

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.