TO BE DEPLORED
STATE COMPETITION
P.A. AUCKLAND, This Day. The entry of the State into the business of buying and selling electrical appliances was another example of the insidious manner in which State penetration into all forms of enterprise was proceeding, said Mr. J. B. Stewart, president of the Associated Chambers of Commerce. When it entered into competition with private enterprise the State started off with capital provided by its competitors, and it was supported against failure by their guarantee, which was provided by taxation, to meet any deficiency, he said. . It had no regard for rules of practice governing trade, and it could vary its overhead by dispensing with or reducing such charges as taxation and local body rating. It would ultimately force the worst type of rationalisation, creating unemployment and failure of reHabilitation, stifling of competition, and general deterioration in standards Was it not time, he asked, that commerce and industry realised that they must combine in opposition to prevent this form of progression towards a Socialist State?
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https://paperspast.natlib.govt.nz/newspapers/EP19441206.2.94.2
Bibliographic details
Evening Post, Volume CXXXVIII, Issue 136, 6 December 1944, Page 7
Word Count
170TO BE DEPLORED Evening Post, Volume CXXXVIII, Issue 136, 6 December 1944, Page 7
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