Something’s missing from Labour’s position on asset sales. It’s what it will do with the partially privatised companies (if the sales do go ahead despite Treaty issues and the dearth of economic rationale) when Labour is once more in government. I understand why it cannot promise to buy back the shares but why not make the sales less attractive by saying to potential buyers, regarding Mighty River and co, the next Labour led government WILL regulate power prices so the private sector will NOT profit from higher prices (or by ‘growing prices’ as they say in the industry these days)?
That’s pretty much what Labour did when National privatised ACC (they announced very clearly that renationalising ACC would be one of its first acts, and it was) and that uncertainty did limit the number of overseas insurance companies willing to enter the market.
Am I missing something? Why is this not Labour policy?