On the campaign trail in Dunedin North with Victor Billot

Alliance Party blog

Posts Tagged ‘capitalism

Competition

leave a comment »

I always appreciate honesty, and Rickey Ward is a honest man. Rather than all the rhetorical bull s. of John Key, Mr Ward has summed up the current debacle of the world economic crash with a simple analysis.

Mr Ward, who is joint domestic equities manager at Tyndall Investment Management, said sharemarkets were being driven by fear and New Zealand was no exception.

The old saying in the markets is that they’re driven by greed and fear,” Ward said. “We’ve seen the greed three years ago when the market just kept rallying, now you’re seeing fear.” 

Now for the million dollar question: why do we entrust our future, and the future of the planet, to people like this, and to a system like this?

Answers on the back of a postcard to PO Box 339, Dunedin. The winning entry receives an autographed copy of the Alliance manifesto.

Written by Victor

September 17, 2008 at 11:27 pm