Another fine article in yesterday's FT, in which John Kay says what I have always said; if unfriendly foreign governments (China, Russia, Saudi Arabia) invest in your country, then they haven't got you over a barrel: you've got them over a barrel.
The Signs Of A (Failing) Dictatorship
23 minutes ago
4 comments:
Indeed: it's analogous to the old saying that "if you owe the bank £100,000 you've got a problem - if you owe the bank £10,000,000 it's got a problem"
What if they invest in your country while bribing your politicians?
D, in that case, vote for somebody else and put the politicians in jail for corruption.
Very true! I'd love foreign investors to buy my jungle safari zero coupon bonds redeemable at par in 2125.
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