Here's the latest entry in the file marked 'The More Things Change, the More the New Govt Looks Just Like the Last':
The Government has vetoed plans by one of Asia's richest men to buy a giant ironsands business in a $250 million deal.
The new Government, which had criticised the Labour administration's decision to block a partial takeover of Auckland airport, sandbagged the deal because of a lack of "substantial and identifiable benefit" to New Zealand.
It's a sale by an Australian firm to a Hong Kong firm. There is no direct economic gain or loss to New Zealand, but the indirect gains are:
1) Companies will be more willing to invest here if they know they will be able to sell without government interference.
2) A company that wants to buy is much more likely to look after the business and safeguard jobs than a company that wants to sell but can't.
Only racism or ignorance can explain English's actions. I'll be charitable and put it down to ignorance.
I’ll put it down to ignorant xenophobia.