High fibre

Yet another flagship National government project is going down the toilet, and you are going to made to pick up the slack.

There is huge demand for high-speed fibre broadband, said the government in its election platform, such demand that only a government fibre network can satisfy it.

Yet when the government price-fixer in chief, the Communist Commission, declares it intends to cut the price that Telecom Chorus can charge customers on its existing copper network by one dollar a month, a panicky Prime Minister declareS he’s ready to legislate to make sure that wouldn’t happen!

Prime Minister John Key says the decision could … prove problematic for the ultra-fast broadband network because consumers could be discouraged from switching from copper to fibre.

If one dollar a month is enough to prove so “problematic” for his pet project, so problematic the PM wants to price-fix the price fixers, this might suggest to you just how sound an “investment” he thinks his pet project really is.

[Hat tip Gavin B.]