On Thu, 2004-08-12 at 17:14, LEE Tet Yoon wrote:
> I know Telecom are bad but I don't see any way Telecom can justify 5c/meg.

Telecom's sole justification is maximising returns to shareholders. The
justification for any seller charging any price is "because I can".

I find the ire focussed at Telecom a bit odd, actually. They're doing
exactly what any Big Dumb Company(tm) would do. The right for them to do
from a shareholder's perspective is go right up the line the Commerce
Commision will tolerate, and not a millimetre further back.

There are lots of reasons for us to be unhappy with what they offer, but
it seems to me that if we want things done in the interests of the
general public, rather than Telecom shareholders, then intervention in
the market is necessary - and that means that the commerce commission
and various ministers ought to be copping the flak. It isn't the role of
private corporations to pursue public policy goals. That's goverment's
job.

Stephen

-- 
Stephen Judd
stephen@vital.org.nz
http://vital.org.nz
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