08-31-2007, 08:15 PM
I see a lot of parallels between the current Hawaii Superferry debacle and the problems surrounding the Hokulia project on the Big Island. Hokulia, like Hawaii Superferry relied on government assurances that everything was legal. Thus investors in both projects poured money into both investments based on those assurances.
But low and behold the judiciary in both cases stalled Hokulia and Hawaiian Superferry at the cusp of when the investors were starting to make a return on their investment. Looking just at the surface you'd blame the judiciary and the people brought these lawsuits. But if you look deeper, the real culprit for both of these debacles is a government which puts business interests over the citizens interests.
I hope the latter will change. If not, businesses will decide to invest money elsewhere where government assurances can be legitimately banked on.
But low and behold the judiciary in both cases stalled Hokulia and Hawaiian Superferry at the cusp of when the investors were starting to make a return on their investment. Looking just at the surface you'd blame the judiciary and the people brought these lawsuits. But if you look deeper, the real culprit for both of these debacles is a government which puts business interests over the citizens interests.
I hope the latter will change. If not, businesses will decide to invest money elsewhere where government assurances can be legitimately banked on.