Warning – Labour loon running amok

Here we have Labour loon Ben Clark, brother of David Clark and a former Labour candidate himself promise to bring in massive regulation of the retailer power companies.

That’s right, competitive retailer/generator power companies would be regulated – not just the monopoly lines companies like Vector, but those who operate in a competitive environment as well with different customers, business models and energy sources.

“If Labour comes out and advocates heavy regulation on power companies it will certainly depress the price.  Ideally down to a level that National decide to scrap the idea, but that’s unlikely.  So hopefully at least down to a level that we can buy them back piece-by-piece over time.” 

This is called scorched earth. It’s also massively destructive, and would probably cause a collapse of foreign investment in NZ. Wealth would be catastrophically destroyed as New Zealanders would put their money overseas too.

You might expect this kind of nonsense from one of the rabid Socialist Aotearoa nutters. Funny hearing it from a privileged private school kid though.

Add in the green taliban to the equation and you get some idea why all the polls save Fairfax are roasting Labour right now.

 


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  • Pete George

    Yes, that’s basically proposing economic sabotage to try and oppose a policy they lost an election on.

    And there is a lot of support for political anarchy amongst Labour and Green party members and supporters at The Standard, as comments on that post show.

  • They’d rather be right than see the country get the best price for these sales. Putting themselves ahead of the countries interests (even if they don’t agree with the action) reinforces why we shouldn’t let Labour near the Treasury Benches for a long, long time.

  • Pissedoffyouth

    Just like KiwiRail? great investment there, wasn’t it?

    Fucking idiots

    • JeffDaRef

      Ever heard a call for Cullen to give back his knighthood?
      Worst political decision of a generation.

  • Captain Crab

    It also creates “Regime Uncertainty” the consequence of which investors run away to other countries. We would spiral into depression if all our investors fled.
    These people are just so fucking average. Still good on ya for exposing how stupid they are. You wont see the MSM expose them cause they are just as ignorant!

  • In Vino Veritas

    Being a private school kid clearly has no correlation with intelligence.He is essentially proposing semi-nationalisation in the hope that it doesn’t scare away international investors. I wonder what colour the sky is in his world?

  • JeffDaRef

    We had to destroy the country in order to save it…

    • Bunswalla

      The operation was a success. The patient died.

  • blokeintakapuna

    yep -give them enough rope and a soap box upon which they can demonstrate their utter ignorance and stupidity… and eventually they will be hoisted by their own petard.
    IQ tests and passing Economics 101 should be manditory for anyone aspring to enter Parliament…

  • Leading up to the election, it will be interesting to keep an eye on our exchange rate. It will signal the overseas investors’ feelings as to what is about to happen. If it’s looking like a Labour win with daft destructive policies, including the Greens riding side/saddle, Norman won’t have to do any quantitative easing – the dollar will have crashed all by itself.

  • TeacherUnionsRscum

    Why does the government need to own 3 power companies? Every time I ask a Labour/Green supporter they respond with “What, they own 3?”

    inb4 “They should own none”, in bold.

  • Patrick

    Labour = regulate, tax, borrow & spend

52%