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Blame Red Tape for Shoddy Infrastructure

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  • Libertarianz Media Centre
    PRESS RELEASE FOR IMMEDIATE RELEASE Business Blame Red Tape for Shoddy Infrastructure New Zealand s crumbling infrastructure has been of major concern for
    Message 1 of 1 , Oct 1, 2006
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      PRESS RELEASE

      FOR IMMEDIATE RELEASE
      Business

      Blame Red Tape for Shoddy Infrastructure

      New Zealand's crumbling infrastructure has been of major concern for
      years, and was highlighted recently by Wellington's gas shutdown. A
      report by the NZ Council for Infrastructure Development has identified
      infrastructure as the key economic problem for New Zealand, and points
      to the RMA as the primary barrier to new infrastructure investment.
      "Investment in much needed infrastructure lags noticeably behind the
      rest of the world," agrees Libertarianz Finance Spokesman Greg Balle.
      "The smart capital and investors that New Zealand desperately needs
      are wisely choosing to stay out of the state's clutches."

      "Infrastructure markets are being seriously interfered with by state
      commissions, re-regulation, price-fixing and some questionable
      quasi-private-public enterprises," said Balle. "What astute market
      investor in his right mind wants to get entangled with corporations
      bound up in the Commerce Commission's price-guessing roulette? Who
      would plonk their savings into a company trying to compete with the
      state electricity sector's labyrinth of rules, boards, commissions and
      arbitrary rulings?"

      "Libertarianz free market policies would slash regulation and ensure
      that New Zealand attracted an abundance of capital into all investment
      classes, particularly the much needed infrastructure and productive
      sectors," Balle concludes.

      ENDS

      For more information contact:

      Dr. Gregory J. Balle
      Libertarianz Monetary Finance Spokesperson
      Phone 021 250 5430
      Email greg.balle@...

      Libertarianz: More Freedom, Less Government
      www.libertarianz.org.nz
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