Foreign Investment opens domestic development

/in /by

I’m thinking of going on a holiday to Greece, but I reckon it might have a bit of sovereign risk at the moment.

The sovereign risk is entirely physically related, as the joint is basically bankrupt and the locals aren’t really happy with an American born Greek Prime Minister.

It’s getting a bit xenophobic over there, as it is here. With the Greens (for want of a better name) accusing the Australian based mining companies of being 83% foreign owned, and asking for an inquiry on the subject.

Sheesh!!

Without the foreign investment, the Pilbara would today be full of fishing towns, pastoral stations and indigenous communities.

That would be it, no extensive investment, no massive infrastructure and no real hope.

With the foreign investment, the Pilbara has got plenty of the above, so it’s lucky the Greens weren’t around when Lang Hancock was flying planes looking for mineral deposits.

If Bob Brown was around the Pilbara then, we wouldn’t have the development in that region that we do have today.

He was probably working as a Doctor in Tassie, or thinking about moving to Tassie to stop development of that Island’s national park, which today gives $1 to the Commonwealth and gets $1.60 back.

Now, I wonder where a lot of that $1.60 comes from.

It comes from coal mines and the Pilbara, that’s where.

So, Bob Brown and his friends want their cake and they want to eat it too. Additionally, they want to charge a tax on carbon for transport companies, but are very happy to use the tax-payer funded Commonwealth cars.

Apparently, Bob Brown was the Greens party member to use the Comcar service the most over the past twelve months.

Personally I think it’s high time the Greens were held to account for their policies, as my feeling is they are just happy for a larger government and happy to have their snouts in the trough of that larger bureaucracy. The Carbon Tax shemozzle is a case in point.

But I digress; the Carbon Tax is something for people way smarter than me to argue. I’m going to go to the Pub, and get over this Greek breakfast that isn’t agreeing with me.