Hosking on Goff’s idiot bill

Mike Hosking is brutal on Monday mornings, today he gave Phil Goff a good hard kicking.

So what does Phil Goff’s Rural Land Sales Bill really mean if you own rural land? It means you’re in trouble.

Phil doesn’t seem to understand the global economy. Phil is trading on xenophobia. Because it’s not really about foreign ownership, it’s about Asian ownership. they just don’t say that because that might be racist.

The real foreign land owners in this country ironically aren’t Asian. They’re Brits and Australians. But they don’t look so different so they don’t attract attention.

But back to the farmer who owns the land…where’s his investment? In his business, it’s his income, his retirement, his legacy, all he has in the world is in his land. If he’s a dairy farmer, he makes a fortune for the country, and he does that by making products better than anyone else and allowing him to sell that product to the world for high prices.

He is a player in the global market. Ironic then that if he ever came to sell that land, the land that made the country so much money, that he would be restricted as to who he sold it to.

And what’s he supposed to do under Phil’s law when he puts his farm on the market, and he wants $3 million for it, and no one locally wants to buy it, and the person who does want to buy it is from Gosford in New South Wales, or Natucket in America? Or, god forbid, Shanghai in China?

Is his farm worth the $3 million the foreigners are prepared to pay, or nothing he’s been offered locally. The moment you make the local market the only market is the moment you watch the value of that farm plummet. And when it plummets, the ability to borrow and work that land diminishes with it.

How Phil doesn’t see that is beyond me. But he doesn’t, and the fact he doesn’t should be a warning to us all. 

We dodged a bullet when Phil Goff lost the 2011 election.

You can’t expect to play in a global market with free trade deals and open access if you’re going to slam the door on foreign investment, especially when you’re so reliant on foreign investment. you can’t have your cake and eat it as well.

Small island nations at the bottom of the world don’t have the luxury of dictating the terms.

Foreign investment in many respects is the life blood of this economy, and as such it’s been little short of a miracle that we’ve been able to grow it the way we have while at the same time having people like Phil and Winston banging their drums for cheap political points.

Isn’t it ironic that we’re busy complaining to Australia about the way they treat us when it comes to benefits and supports for expats, and yet we’re happy, or Phil’s happy, to do the same to foreign investors.

The concept is so full of conflict, irony and inaccuracy. I’m astounded he didn’t trip over it all on his way to putting the Bill is the ballot box.

Ouch…harsh but fair.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.