It seems in New Zealand that we’re quick to admonish corporates that run high profits and seemingly provide bad service. The excoriation that has been levelled on our telcos of late has been a good example of this.
One cannot help but think that much of this criticism is politically motivated (it is after all an election year – and headlines of “foreign owned corporate milks massive profits and provides dodgy service” really get grey-power all fired up and give Winston Peters a few more votes).
Why then the total silence around the super normal profits, offshore ownership and almost total lack of service that we get from our banks? Recent profit reports have been pretty fat but the conspiracists among the political parties have remained silent about them – I wonder why?
Anyone got any answers?