Just to remind you -
I suggest the balance of that section is a bit iffy too - if you step back, you seem to lose faith that the supply/demand relationship is what sets prices and moves market directions. I'd also question your discounting of the value-add that service industries provide.
Ms - somewhere in that lot you posted, (or it might have been irneb) a very important point was made:
Just as money is lent for a return, that's the only reason you should be borrowing it too - to apply against something that is going to produce a bigger return than interest on the loan.
For example, when an individual uses credit to buy a TV, what is the financial return on that investment?
Maybe that depends on what TV programs you're watching, but let's be honest, most people aren't buying TVs to learn how to make money.
Same thing applies to foreign investment - just as you suggest, it's a bad thing if it isn't producing a bigger return for the country than it's going to cost in the long run.
But if we don't do it right, if we don't achieve the return, who's fault is that?
Our own, surely.
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