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Should multinational chain stores, such as Walmart and Costco, be allowed to set up in Australia?
- No (83%, 45 Votes)
- Yes (17%, 9 Votes)
Total Voters: 54
Loading ...Foreign State Ownership of Australia
September 27th, 2007
A new development is facing Australia. State owned companies from China and Singapore are taking controlling interests in Australian assets. The concept of foreign governments controlling major Australian enterprises is worrying. The Singapore Government is now the controlling shareholder in SP AusNet which, with the purchase of Alinta Assets for $8 billion, is the largest energy distribution business in Australia. The Foreign Investment Review Board (FIRB) is supposed to monitor and control these investments, but their recent record does not inspire confidence.
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Russia, Open For Business
September 27th, 2007
Russia wants Australian products, and not just the uranium that has been widely reported, fine foods and beverages are also being sought.
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Immigration
September 11th, 2007
There is no doubt that the creativity and energy of countries like USA, New Zealand, South Africa and Australia owes much to the tides of immigration. It was like a practical demonstration of Darwin’s “Theory of Evolution”. The early immigrants did it tough. Only those with exceptional drive were prepared to stake all on a hazardous voyage to an unknown destination in search of a new life. There was no welfare state and social security waiting for them and they had to work exceptionally hard to prosper. They passed on this work ethic to their children. Many brought capital or skills, but others brought only themselves and a burning ambition to succeed. The country gained from them and their descendants. Skills can be acquired, capital accumulated, but the personal qualities are inherited.
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