U.S. investment
Sir,—Mrs Nuthall’s letter (November 29) on our Development Finance Corporation's vigorous soliciting of transnationals’ investment in our country, with minimal .safeguarding of our rights, is disturbing. When a certain point in externally-owned investment is reached, transnationals hold to ransom whole economies, social structures and politics, and indirectly control armies and militarised police forces. The ransom price is eventually distressing impoverishment and bloody revolution. All nations’ economies are on a
see-saw, sliding whichever way' their peoples choose; there only seems to be a mid-point of balance with the citizens’ needs met on the Left and freedom to invest and exploit on the Right. Mr Muldoon has already tipped our see-saw to the Right with growing unemployment, taxation of Social Welfare beneficiaries, invitations to overseas exploiters, S.M.P.s and superannuation without any means test, and tax cuts for the devious and the wealthy. New Zealand should watch out. — Yours, etc., SUSAN TAYLOR. December 2. 1982.
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Press, 3 December 1982, Page 12
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154U.S. investment Press, 3 December 1982, Page 12
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