The industrial policy debate never seems to go away

For productivity you need capital. (Image: NZME)

Mon, 22 Apr 2024

Within the partially pedestrianised world of the Queen St-Shortland St industrial complex, capital is always on the mind, perhaps never more so than last week.At 45 Queen St, the offices of the New Zealand stock exchange (NZX), shareholders were giving directors a tongue-lashing.Some shareholders complained that, while a stock exchange is supposed to provide a platform for firms to raise money, some of the most exciting companies in NZ consistently choose to stay off the exchange or list overseas.They wondered if this was not, perhaps, the oppo...

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