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Rank hypocrisy from king of crony capitalism



Deputy Leader

Rank hypocrisy from king of crony capitalism

Steven Joyce’s hypocrisy is astonishing – with one hand he attacks Labour’s targeted sector support and with the other he doles out hundreds of millions of dollars in crony deals to individual multinationals and friends of the National Party, Labour’s Deputy Leader David Parker says.

“Labour’s Forestry and Wood Products Economic Upgrade released today shows what is needed to support industries in the journey from volume to value.

“You would expect Steven Joyce would get that but he clearly doesn’t. He doesn’t even understand his own Government’s policy. He just yells about interventionism and 1970s economics.

“Even his colleague Jo Goodhew today admitted National’s policies like the Primary Growth Partnership ‘pick winners’. She’s right – it’s just that the winners are National’s mates in the farming industry.

“Steven Joyce thinks industry support involves handing out cheques to multinationals like Rio Tinto, setting up dodgy deals with the likes of SkyCity or doling out subsidies to their farmer mates.

“Steven Joyce is the king of crony capitalism. If he doesn’t know what that is he should look at the front page of this week’s Economist. Steven Joyce is the wolf in the middle,” David Parker says.


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