“This regime is expanding the regulatory state in new and disturbing ways:
- Taxes are going up.
- Foreign investment is being more rigorously controlled and enforced.
- New restrictions designed to reduce carbon emissions are coming.
Every action has an equal and opposite reaction.
For all of Key’s many failings, he never appeared to forget it was the engine of business that drove prosperity and that it was possible to overload that engine so badly it would stall.
This is an insight the current regime seems not to understand”
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