So most New Zealanders will have not known about, or have forgotten, the way that New Zealand's economy used to operate in the 1950s, 1960s, 1970s, and up until the time of the reforms of the fourth Labour Government. But it was a licensed economy where just about everything that you did, you couldn't just do. You couldn't just set up a trucking business and go out and compete, find customers, and steal customers of other providers, if they weren't doing a good enough job, by offering a better service, lower rates, or just an all-round more useful offering. You couldn't just go and open a business. What you had to do was you had to go along, hand in glove to the Government, and ask them for a licence to operate. And the Government would say, "Well, sorry, Mr so-and-so, there are too many providers doing this already, and no you can't". Or they might say, "Well, OK, yes. We'll let you do it under these conditions." And it was a terrible system because all it did was protect the incumbents, and if you had a licence, you literally had a licence to print money, because the opposition would be kept out.