TNC profits can truly be called New Zealand's biggest invisible export and have a major deleterious effect on our balance of payments. Politicians and media experts are peddling the myth that one in three New Zealanders owe their jobs to foreign investment. We have challenged this figure - resounding silence has been the answer. Foreign ownership does not guarantee more jobs. In fact, it quite often adds to unemployment.
Foreign ownership does nothing to improve New Zealand's foreign debt problem.
Ownership means political power. The finance markets constantly threaten to move their money out if policies are enacted of which they disapprove. Foreign control means recolonisation, but by company this time, not country. This is what it all means to ordinary New Zealanders - we are involuntary competitors in the race to the bottom. Join the fightback against foreign control of New Zealand.