Mr Key on Crafar: wrong, wrong, wrong

As others have pointed out, Mr Key has made the following comment:

''We can change the law but at this point I would have thought it would be a bit of a knee-jerk reaction.

''We should look at it, if the flow of sales starts to accelerate and people really become very concerned.''

Neo-classicists will be horrified by this lack of firmness of purpose and incipient Muldoonism. Mr Key must be set straight forthwith. The operation of the market shall not be disturbed by political pressures. Privatisation is good, regardless of the origins of the purchaser (provided thyat they operate within the Rule of Law). All commodities shall be traded in international markets for maximum efficiency. Land is no different. Foreign ownership should be encouraged as a goad for local market efficiency. Race or country of origin shall be no obstruction to such measures, which promote market efficiency. Foreign ownership of NZ is a good thing!

To suggest that at some point, the size or rate of foreign ownership increase will cause Mr Key to think about changing the law is a sign of ideological impurity of the first water. Treasury and the coven of neo-classicists that patrol correct thinking must warn Mr key against backsliding. A course of Hayek is called for, accompanied by a high-energy, fibre-rich diet.