Leaky waka
OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in Washington recently?
But as a mate of the Hound points out, milk is the product of a wondrously complex biological, economic and logistical process, limited in its production by environmental and regulatory constraints and constrained in its provision by its perishability. Whereas Coke is essentially sugary water. Why is milk more expensive in New Zealand than in London and Sydney? That’s simple. British and Australian supermarkets use milk as a loss leader to encourage shoppers to buy other products – like Coke! What does Shearer want? Does he want supermarkets in NZ to screw dairy farmers as they have done in Australia? No wonder he got the boot as Labour leader.
