The Forum > General Discussion > Is Howard Moving our Financial Capital to Singapore?
Is Howard Moving our Financial Capital to Singapore?
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In their rationale to sell Testra, the Howard Government said emphatically that this would benefit Australians, Australian business and Australian employment. This decision fails in all fronts for this country. The winner is Singapore.
So more call centres will move to India and other Asian countries, more decisions will be made by a foreign country.
More jobs will be outsourced off shore, more investment in Singapore: not Australia, and little guarantee of service to people in the bush: those most affected.
Qantas is still under threat to be foreign owned by Singapore Airlines. Even Myer could be sold to Wal Mart--albeit American. So far, Australian business has managed to keep retail mostly Australian owned. Now that the Packer media empire has been whittled away by James Packer's decadence, other's are moving to Asia, surely the Australian Government has to protect some of our national interests?
We have a free trade economy under this Government but if things move too quickly, which they are, what will Australia be left with other than boozy and selfish Australian business men who have no national pride?