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Why The Public Is Captured With The ‘Parent-Child’ Business Relationships In New Zealand
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Scoop NZ - Business
Why The Public Is Captured With The ‘Parent-Child’ Business Relationships In New ZealandMonopoly Watch New Zealand (MWNZ) says Prime Minister Christopher Luxon's now-apologised-for description of a “parent-child mentality” between business and government has, unintentionally, identified a real problem in the New Zealand economy just aimed it at the wrong relationship.
“Mr Luxon told small business owners to stop looking to government and to be ‘adult, adult, adult’,” said Tex Edwards, Research Director of Monopoly Watch NZ.
The real crunch: small suppliers, big rebatesSmall and micro businesses make up roughly 97 percent of all New Zealand enterprises.
That is a textbook parent-child relationship, and it exists because the law does not give small suppliers the leverage to resist it.
“Small business isn't asking government to be a parent.