Price action slated
PA Wellington The removal of price controls means freedom for some but despair and hardship for others, according to Labour’s spokesman on consumer affairs, Mr R. O. Douglas (Manukau). He said it was a death knell for economic stability. The controls were being lifted without any effort to use the consumer law to encourage actively competition and control and break monopolies and price rings. “It is total hogwash for the Minister to claim that there is enough competition in this area to keep prices down,” said Mr Douglas.
New Zealand was riddled with monopolies and restrictive trading. Many companies and groups of companies were able to set their dwn prices and control the market. Unless commercial law was used to break up these practices, the removal of price controls simply gave them a blank cheque. Labour’s policy was to remove controls only in areas where sufficient competition would keep prices down and to strengthen commercial law to break up price rings and build greater competition.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19790414.2.151
Bibliographic details
Ngā taipitopito pukapuka
Press, 14 April 1979, Page 19
Word count
Tapeke kupu
168Price action slated Press, 14 April 1979, Page 19
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in