THE DREAMING ISLANDS
Sir-From all my reading of reports of Mr Goldblatt’s sayings (and I have read whatever I have seen) I have to infer that he has not so far told us how to achieve the economic freedom which he advocates. There appears to. be agreement that economic freedom includes the right to unrestrictéd competition; yet unrestricted competition is not possible without unrestricted capital investment. But no business firm lacking the invidious privileges. of the monopolies can embark on unrestricted capital investment, because the investment system doesn’t provide the necessary money for such investment, In economic theory, all firms can acquire unlimited money for capital purposes by charging whatever prices they please for their procucts-and the resultant expenditure of investment money is supposed to give consumers all the purchasing power
they need to pay the prices demanded. That the theory is fallacious is proved by the existence of economic restraints which retard economic development sadly below the theoretical rate. As far as I can tell, Mr Goldblatt has no temedy for the economic restraints, but in the tradition of King Canute, he expects them to vanish if he removes the political restraints which have been imposed to reinforce the economic re-
straints.
K.
O'BRIEN
(Hastings).
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/periodicals/NZLIST19570621.2.18.6
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Listener, Volume 37, Issue 932, 21 June 1957, Page 11
Word count
Tapeke kupu
206THE DREAMING ISLANDS New Zealand Listener, Volume 37, Issue 932, 21 June 1957, Page 11
Using this item
Te whakamahi i tēnei tūemi
Material in this publication is protected by copyright.
Are Media Limited has granted permission to the National Library of New Zealand Te Puna Mātauranga o Aotearoa to develop and maintain this content online. You can search, browse, print and download for research and personal study only. Permission must be obtained from Are Media Limited for any other use.
Copyright in the work University Entrance by Janet Frame (credited as J.F., 22 March 1946, page 18), is owned by the Janet Frame Literary Trust. The National Library has been granted permission to digitise this article and make it available online as part of this digitised version of the New Zealand Listener. You can search, browse, and print this article for research and personal study only. Permission must be obtained from the Janet Frame Literary Trust for any other use.
Copyright in the Denis Glover serial Hot Water Sailor published in 1959 is owned by Pia Glover. The National Library has been granted permission to digitise this serial and make it available online as part of this digitised version of the Listener. You can search, browse, and print this serial for research and personal study only. Permission must be obtained from Pia Glover for any other use.
Log in