25 March 2003
I am deeply amused by the government’s efforts to promote entrepreneurship. The government’s claim that they always plan for contigencies to justify their world class salaries is now being tested. They are indeed clueless as to the next phase of development and have coined another catch phrase entrepreneurship. They are assuming that everyone will make it as entrepreneurs without due regard to the costs of failure. You just have to look at the bankruptcy act and it’s applications and it is of no surprise to see so many bankrupts being destroyed by the OA policies. The opposition must raise the issue through parliament and expose the fallacy.