my silly brother, page-14

  1. 138 Posts.
    Ideally Australians would own Australian assets. It's natural to feel that in a time when our assets are in such high demand, why should other people be allowed to reap the benefits from it? Especially since some countries restrict our ability to own their assets.

    But without foreign investment, most of Australia's resources will go un- or under-developed. We just don't have the capital to do it all ourselves, and we need foreign investment.

    Plus, there are flow on benefits for the economy from foreign investment anyway. The right philosophy isn't "let's restrict foreign investment". It should be "let's use the current competitiveness and attractiveness of our resources to improve Australia's skills and technology and develop the international competitiveness of other, slower sectors in the economy".
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