Thursday, September 24, 2009

"Disappointed" Not!

So the major share holders have held a panic meeting to decide upon what action to take in response to the federal government’s descision to separate Telstra’s wholesale and retail divisions, effectively reducing the monopoly of Australia’s incumbant telecommunicatios provider. It makes me laugh to see these scared monopolizers running about like headless chickens desperately trying to salvage their portfolios and keep the country shackled to an outdated and expensive buisness model. I can almost hear the CEOs bemoaning to each other the possibility they may have to reconsider the purchase of their new BMWs, and the fact it may be difficult to justify that planned third overseas holiday this year, whilst outwardly stating they are selflessly acting on behalf of the shareholders. They would prefer to keep the country paying through the nose for basic services than compromise their ivory tower positions and allow decent competition. Such is capitalism I guess.

So regardless of the federal government’s real intentions behind the decision, I congratulate them on their attempt to slay the spoilt, petulent dragon and level the competitive playing field. I’m just glad I don’t hold any BMW shares.

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