The Land Information Minister is currently deciding whether a Chinese consortium can buy 16 former Crafar farms. So we know what he’s softening us up for.
People’s concerns with that deal I’m sure have nothing to do with the leader of the bid having previously deserted NZ investors with a bucketful of debt. Or that it would appear that they wish to integrate the farms with their Chinese distribution and market, meaning no profit for New Zealand out of anything produced on the farm. It will grow China’s economy nicely, not ours.
And general concerns about foreign investment I’m sure have nothing to do with all the profit that’s farmed off overseas, leaving this country impoverished. All that railing against Australian banks is obviously just racism.
Williamson raises a red herring of a former National Party colleague with a strong Scottish accent criticising foreign ownership – when the former Scot owned a farm himself!
Newsflash: if you move here you’re not a foreigner.
Concern about foreign investment has everything to do with enriching New Zealand, something National understands little about. Profits going overseas weaken our economy – that flow of money is most of our current account deficit. If we’re all foreign owned, it inevitably reduces our sovereignty too, our ability to make our own decisions.
So Maurice, no, we’re not racist. We just care about our country’s interests, rather than big business’. Do you?