When does National believe a successful company has become too big to enjoy property rights, freedom of contract and the protection of the rule of law?
Foodstuffs has about 55% of the supermarket sector. It is far from being a monopoly.
If it is when a business is so big that it prevents competition, that is not what the Commerce Commission has found.
The Commission has found the barriers to supermarket competition include planning restrictions and restrictive land and lease covenants. Those barriers are being removed.
The Commission says new competitors are entering and expanding.
The Commission has not recommended the breakup of Foodstuffs.
The National apologist cites the breakup of Telecom as a precedent.
It isn’t.
Telecom separated its network business, Chorus, so it could participate in the Government’s rollout of fibre.
No previous National government has ordered the dismantling of a lawful business.
Christopher Luxon says National’s proposed breakup of a successful New Zealand owned co-op has been thoroughly investigated.
By whom?
The only evidence I know of in favour of the proposal is the polls.
Poll-driven parties do not have conservative principles.
They are populist.
If it is when a business is so big that it prevents competition, that is not what the Commerce Commission has found.
The Commission has found the barriers to supermarket competition include planning restrictions and restrictive land and lease covenants. Those barriers are being removed.
The Commission says new competitors are entering and expanding.
The Commission has not recommended the breakup of Foodstuffs.
The National apologist cites the breakup of Telecom as a precedent.
It isn’t.
Telecom separated its network business, Chorus, so it could participate in the Government’s rollout of fibre.
No previous National government has ordered the dismantling of a lawful business.
Christopher Luxon says National’s proposed breakup of a successful New Zealand owned co-op has been thoroughly investigated.
By whom?
The only evidence I know of in favour of the proposal is the polls.
Poll-driven parties do not have conservative principles.
They are populist.
The Honourable Richard Prebble CBE is a former member of the New Zealand Parliament. Initially a member of the Labour Party, he joined the newly formed ACT New Zealand party under Roger Douglas in 1996, becoming its leader from 1996 to 2004. This article was sourced HERE
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