The Forum > Article Comments > Sending profits abroad is a good thing > Comments
Sending profits abroad is a good thing : Comments
By Oliver Hartwich, published 4/7/2011Money Australian industry sends overseas can't stay there, and eventually benefits the Australian economy.
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But he is not alone with this snake oil salesman's view of the world. And we can expect to continue to hear this kind of crazed, cacophonous noise - and really that is all it is - until the Resources Rent Tax and a carbon price are well and truly established.
There's no end of potential investors in Australia, including foreign governments looking at the longer term value of owning a piece of the Australian pie. What a pity that Australians who call themselves business men cannot think past the quick buck. Same for opportunist politicians in both major parties.
I think we're all tired of hearing the bleating of mining magnates and the likes of Harvey Norman and Ita Buttrose . . . these bloated people who want to pull up the drawbridge now that they're sitting pretty to protect their privilege no matter how high the cost to current and future generations of ordinary Australians. They just don't get it and no matter how hard they try to sell the economic myth, the utter superstition, that private wealth equates to the public good, the battle they're fighting is a losing one and we have news for them.
We were all in the room when the citadels of the marketeers came crashing down around all our ears. It's time for ideologues to step out of the way. We want a future that is cleaner and sustainable, one where we can recognise the difference between sensible enterprise and sheer greed.
Russell Pollard