Friday, October 06, 2006

Telecom to cease funding politics

Well for Telecom shareholders this will be welcome. No more money being wasted on organisations that, with the exception of ACT, are uninterested or downright hostile when it comes to Telecom's property rights.
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Presumably it will hit the Progressives the most, as the smallest party - but Labour will smart from losing $50,000. Telecom says it has nothing to do with government regulation, which may be true, but it should have everything to do with protecting the rights of shareholders. Telecom is hated by most parties in Parliament - National at best engages in economic analysis before considering regulation, ACT tends to oppose it. Of course Libertarianz is the most Telecom friendly political party - in that it supports an open free-market governed by private property, contract and tort law.

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