While not an expert on asset sales, I do rank myself highly on the common sense scale. Considering this, I subscribe to the following simple argument: If an asset performs well (returning an acceptable or better rate), it would appear too valuable to sell. On the other hand, if an asset is underperforming, the selling price would be so low that the state would hardly make anything from the sale.
Put another way, if private money considers public assets so potentially profitable as to purchase them, wouldn't that be a signal to government that they are too valuable to sell?
From what I have been able to gather, the TPPA is a trade agreement being negotiated in secret.
Fortunately for democracy, some material from the TPPA has been leaked, including a 95-page excerpt published by WikiLeaksin Mid-November. The NZ Herald ( November 14, NZ WikiLeaks Scoop) reported disputes between New Zealand and US negotiators on issues of internet freedom, industrial innovation, ownership of endemic plants and animals, and, dear to my heart, access to affordable medicines.
From the Herald: "A large section reveals the battle between the US pharmaceutical lobby and countries such as New Zealand that want to continue to buy cheaper generic medicines."
In order to dissect this sentence we need to know a couple of facts: 1) the utmost duty of a corporation is to return profits to its shareholders; 2) the US - where corporations have used lobbyists to sculpt health care policy - has the most expensive health care system in the world; while ranking close to 40th in performance by the World Health Organisation; 3) New Zealand health care remains reasonably priced in part due to the ability to bulk buy generic medicines.
Using the numbers above in a mathematical equation: 1-3 = 2. In other words, if pharmaceutical corporations have their way through the TPPA, New Zealand health care will more closely resemble that of the US.
What this means for Whanganui is that our already strapped health services would become even more so.
I reckon it is our democratic duty to resist corporate influence globally and locally. Once the deal has been done, it won't easily be undone.
Nelson Lebo is a consultant, educator, and advocate for affordable health care.