You are talking crumbs & your hip pocket, not the National interest, IMO
For example the following percentages of profits of ASX listed corps go overseas": CBA................78% CSL................87% BHP................92% RIO................88% Westpac.......83% NAB..............80% Woolworths..82% Woodside.....80% Goodman.....85% Newcrest.....84%
Then there are the mega multinationals such as Apple, Google, Microsoft eBay, Amazon, Mercedes Benz, Toyota, VW, (+ the rest of the Auto Iporters) Fast Food Corporations, Our Brewery owners (all foreign owned ), Japan Post-Toll and the list goes on and on .
IMO foreign owned corporations /majority foreign owned corporations dominate our markets and we've had successive governments with a philosophy of "Following the Market" which is code for following the multinationals , IMO.which has left us living above our means with a mountain of debt:
But back to the topic, do you reject the fact that China is closing the GDP gap on the USA & that historically countries that have dominated the global GDP-Trade-Manufacturing have eventually become the dominant world power?
If you dont believe so then you'd better have a neck like an ostrich mate & migrate to the sand dunes and hope in hell that the Chinese dont fancy ostrich bums!
PS:....back to your hip poket...... are you still holding BHP & RIO despite the CCP knocking the ass out of IO price?
I have proposed the economic solution for Aus which is downstream processing of our raw hard & soft commodity exports, adding Aussie value, diversifying trade away from China, increasing our GDP by at least twice the current rate , improving our balance of trade and with it the value of the AUD & distributing the benefits equitably among all Aussies.
What is your answer to our economic woes (see the debt clock above which says that we have a combined personal & household debt of over $5.5 trillion, most of which is foreign owned) & foreign relations, mate?
Perhaps your interest stops at "self interest" eh?
