sales himself. In the aftermath of asset sales in New Zealand and in the United Kingdom - another country which sought to remove its recent "socialist" past by privatisation of public assets - the vast majority of the shares in the newly privatised assets were brought by large private companies. A considerably smaller amount, less than 10%, was purchased by individuals. Further, these individuals for the most part were not ordinary "Mum and Dad" investors, but tended to be from the upper echelons of society. They were people who had a sizeable amount of ready disposable income at their fingertips. Jacqui Dean, the National MP for Waitaki, is one of those who have persisted with the disingenuous argument of the Future Fund. She recently informed a public meeting held in Dunedin that the partial sales could be used to better fund provision in public services such as healthcare and education(4). Not only was this the same argument that Ministers of the Lange government would regularly mention as justification for the sales, but it proved to be demonstrably false. It also had the ironic effect of undercutting that Government's claims in relation to its corporatisation programme. The Government argued that by corporatising State-owned assets, and allowing them to act in the same manner as private corporations, the profits made from those corporations would fund health, education and provide social welfare. As opponents of the sales have noted, that objection still holds true. Of course, Dean does not have the same philosophical