Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sheeple Telecom here to bludge

Tue, 30 Nov 2004

Sheeple Telecom here to bludge

"What is it with Australian telcos and corporate welfare?" asks Libertarianz spokesman Andrew Bates. "First Telstra buys the previously profitable Clear Communications and openly builds a business case around bludging off Telecom's and Vodafone's investments. Now the pinky-named Sheeple Telecom are forming an alliance with Call Plus - those opportunistic, regulation-hungry parasites of other people's investments - admitting that they won't invest here until our 'embarrassing' lack of regulation is addressed."

"Between them they call for increased regulation of our telco industry in areas such as mobile termination rates, mobile origination rates, local loop unbundling, number portability, DSL pricing, DSL wholesaling and DSL product offerings. Even their own staff point out that management is not focussed on customer service. Is there anything in the Telco business about which Call Plus and the Aussies won't run to Nanny State and the Telco Commissars for help?"

New Zealanders need not be embarrassed about better protection of property rights, Bates notes, adding that when pioneering investments are appropriated for the use OF others - as in the case of Econet's lobbying for the expropriation of Vodafone's infrastructure - pioneers become less willing to invest. "Moreover, when regulatory uncertainty dogs every strategic decision, making investors and entrepreneurs wonder whether the state will punish them for being too competitive, paralysis grips the industry, hamstringing innovation."

Bates refers to the proposed Libertarianz Constitution for New Freeland which recognises property rights as a fundamental moral right necessary for human prosperity and which would ban government regulation of the economy. "With the property rights of shareholders respected, we'd see investment by the right kind of firms, firms which focussed on building better customer offerings through their own investment and innovation. The parasites' lobbying would have no effect and they would be consigned to the economic compost heap where they belong."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>