time for action, page-36

Moorookamick

Re your post which included;
"... It is easy to bicker about politics and who ought to be in power, but it requires real guts to address foreign ownership of our resources in case we'd offend a sponsor or two. ..."

Although I think there is substance to that issue IMO our financial institutions have an ordinary record when it comes to investing in new development. IMO without overseas investment in our resources sector the story would be rather pitiful.

We also need to keep in mind that many Australian companies have interests in resources etc overseas - as do many Aussie shareholders & super funds. Even China is playing host to some of our companies. Of course, due to the growing resource demands of China & India our future will be more closely associated with their stories than with those of Europe.

IMO we have a responsibility to ensure our resources are used wisely & that we receive fair compensation from their transfer abroad. IMO we also have a key role to play in assisting countries including China & India to become better global citizens.