Body on Mighty River
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9:45 am, February 22nd, 2013 - 14 comments
Categories: cartoons, energy, national, Privatisation -
Tags: Body, cartoons, mighty river, not yours to sell, privatisation
Herald Cartoonist Body on “More bad news”. Perfect.
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It’s called karma.
Sums it up perfectly.
SOE in debt or nil profit: unsellable.
SOE making big profit: why sell?
there were some suggestions on a NZR interview this morning that the profit may just be economic gobbledegook and not actually exist at all, the commentor mentioned Note 11 or Page 11 in the report ?
i think it was the Geoff Bertram interview mentioned by Nose Viper
Why sell?
Because National and their cronies want that 67million and all future profit in their hands. They think it’s their god given right to syphon off the wealth because they believe they will make better choices when spending that wealth, or hoarding it should they prefer to. They could pool their existing wealth and create their own power generation companies but that could be risky and destabilise their futures as ruling elites.
Except that National will be looking to sell no matter what. The only difference from their perspective will be what spin they use to try and hide the fact that they’re selling for ideology, to make a few people richer and not through fact and making NZ a better place for it’s population.
We now need to hold onto might river to pay the debt of Solid Energy…
IF we sell MIghty River it is going to have to return a fuckofalot more than projected to make up for the probable bail out of Solid Energy.
I wish the government demanded that Mainzeal couldn’t go into receivership either.
The reason to sell is because MRP might be tomorrows Solid Energy.
Are you telling us:
1. That all public sector entities that could fail should be sold?
2. That no private sector entities ever fail?
3. Or if they do that the public sector never has to bail them out?
Why would the Key Government want to sell ma and pa investors tomorrow’s Solid Energy?
MRP is a mess Good old Dr Doug has blown a whole heap of cash off shore and gets to keep his job
http://www.stuff.co.nz/business/opinion-analysis/8325286/Geothermal-clearout-deals-to-dead-rats
The idea of Solid Energy being broke is utter bullshit. Key and his government are only saying this because they know there is a referendum in the very near future. Now if they pull a new bullshit story out of the hat targeting the populous suffering “dum kiwi syndrome” the referendum vote will swing in favor of asset sales.
With all the main news paper headlines, I can just imagine the average kiwi talking in the bars, work place etc etc saying ” What the Fuck? Sell it before it collapses entirely”. Key and his dodgy mates get a cheap Energy company. In the mean time $300 to $400 million of tax payer money issued to bail out Solid Energy disappears into la la land.
Well, Solid Energy does sit on many many billions of dollars worth of coal.
Guy Body the occasionally published Kiwi cartoonist. Interesting to notice stable mate The Listener running a competition for young Kiwi cartoonists. Will one of them be asked to take over from Aussie Emmerson? It’s a disgrace that we can’t find a kiwi for this position in one of our major dailies. Though I suppose they were probably saying that about David Low too, or we were part of the British empire at that time…