Foreign investment, the economic stimulus we love to hate
If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?
Short answer: because we prefer our material standard of living to go up, not down.
If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?
Short answer: because a generations worth of economic mantra has conditioned us to think that taking more foreign investment is the only way to raise our living standards (despite evidence that, for the majority of us, that probably isn’t the case unless we take on loads of debt). Continue reading
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