China Taking Over Canadian Economy

The Canadian Government should be blocking any attempts by the Chinese Government or any other Government for that mattter to buy up Canadian Companies. If they let it happen we are in serious trouble.

Unfortunately it has already happened. The vast majority of our oil and natural gas is owned by foreigners. Our energy security is now dictated from the US and elsewhere. Prices are set by US SUVs and by war in the Middle East.

We are but pawns in the great game called capitalism. move out of the way there is money to be made.

Good editorial, but where the hell di they get the idea that the Government of Canada got out of the business of crown corporations because we asked them to?

Yes, it`s funny, this double standard, about government involvement in the economy. That`s all we`ve heard for the last 10 years, that government has no place in the market. So they sell off crown corporations to meet this objective. Yet, China`s government (how much did various levels of government in Canada pocket from this) can own large pieces of the Canadian economy. And as far as foreign ownership restriction should go, I also object to private foreign corporations owning large pieces of the Canadian economy, especially when our own sellout government doesn`t ensure that any new 'investment' is good for Canadians. From Mulroney to Martin, it seems everything is up for auction, for the right under the table price!

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Dave Ruston

Good point to bring up Dave - we always hear from the uber capitalists that there is "too much government". yet they ignore that it is government that creates and enforces the trade laws unto which they profit from. Without the involvement of government - heavy government involvement actually - there would be a whole different world of trade.

Yeah, I mean, last I checked, we supposedly vote for politicians that are supposed to do what`s good for the people and Canada. I don`t recall voting for Enron, Halliburton, Nortel, Exxon, or Deng Xaio Peng.

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Dave Ruston

WHY ALL THE CONCERN ABOUT CHINA BUYING UP THE COUNTRY & NOT THE USA???? THE US STILL OWNS FAR MORE OF CANADA THAN CHINA EVER HAS, WHY AREN'T THERE EDITORIALS SAYING WE SHOULD BE WORRIED ABOUT THE US BUYING UP THE COUNTRY?

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"We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men" - George Orwell

On the bright side and given China's political proclivities, they'll probably be quite understanding when we nationalize Canadian resources.



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"When we are in the middle of the paradigm, it is hard to imagine any other paradigm" (Adam Smith).

Right on!

Hm. The Hammboners are putting Donkin up for bids to be reopened. (That closure only lasted 5 years.) Oughta start a pool on whether it's Mercans or Chinese that buy it in the end...for sure it's not Canadians. (I expect the same trick as with the LNG in-ports - a Canadian front wins the contracts and instantly sells out.)

The problem isn't necessarily foreign ownership... the problem is direct state control. A foreign state, that is, controlling our resources poses many major problems.

I'll give one example:

All of you remember that lovely lead-up to the Iraq invasion. Two brave leaders from Europe stood up to publicly declaim the fraud, lies, and fear-mongering of the American politicians. Everybody else was silent, Canada included, while these two attracted most of the heat.

Now, Germany lost a war a long time ago, almost 60 years, but they are still an occupied country. There are nearly 100,000 US troops still stationed in Germany. Their economic impact is immense.

In the heat of the battle, George Bush's government announced that those troops would be relocated from Germany to Poland (who supported the unprovoked invasion). What is sad, and revealing, is that from that moment on Schroeder stepped down from the public spotlight. He did not join the war, but he bowed out of the public criticism. Chirac was left alone to take all the wrath of America (incidentally, Americans are boycotting French products, causing huge economic collapse of key products like red wines -- drink up!).

I raise this as an example of what "friendly" governments will do amongst "allies" -- use whatever means necessary to secure their power.

China is not an ally, nor are they are of the same ideological tradition when it comes to individual rights. If they gain hold of companies that employ literally hundreds of thousands of Canadians, how much will we really be able to protest? They would gain the power to wreck major havoc on our economy -- based on political rather than economic decisions.

That's my 3.8 cents worth.

Conclusion: stop them, block the sale, ban foreign government controlled companies from buying Canada (and yes that includes Haliburton)

G

<a href="http://cnews.canoe.ca/CNEWS/Law/2004/12/12/779702-cp.html">http://cnews.canoe.ca/CNEWS/Law/2004/12/12/779702-cp.html</a> <br />
this story is closer to the truth, re: who is taking over our economy (and it ain't chinie) <br />
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fwiw, the booolshiet that Canadians aren't suitable for the diamond industry is a ploy to bring in more of the REAL thieves

The Canadian government(s) have been in the business of selling (out) Canada for the last 50 years. They are the last people we should be looking to.............

Not Anonymous! Sorry, people!

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RickW