A Solid Look at SOEs

Solid Energy is going down the gurgler, NZ Post is trying to get out of delivering mail, KiwiRail is closing railway lines and ordering all its new stock from offshore, and Mighty River Power is throwing money at exploration work in Chile – $250 million to date and growing – desperate to find a viable geothermal field to exploit Chileans facing power price hikes because of drought conditions.

What do all these entities have in common?  They’re all State Owned Enterprises working against the best interests of New Zealand. Continue reading