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Thread: US multinationals oppose the Congress to make sanctions on China
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[quote=APAULT,249574]Two days ago I saw a report from a respected Australian financial writer who stated that the USA and Europe are (in general) opposing other countries buying substantial stakes in their major companies. On the other hand, Australia, South America, and the wealthy Arab nations and most of the rest of the world accepts this as part of globalisation. The reality is that the US and Europe are protectionist despite all the rhetoric about letting the market decide and minimising government interference. Australia is booming, because it is one of the freest trade nations in the world (thank you for starting it Mr Keating, a PM of wisdom who understood the importance of Asia 15 years ago) but the USA is languishing. The US and Europe are on the way out unless they begin to 'practice what they preach'.. and stop being defensive.[/quote]
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