"A corporate raid on a country is not foreign investment. It's just a corporate raid. A corporate raid doesn't expand our wealth, our employment, our exports, is not advantageous to most economies and most economies understand that. In New Zealand we did not. Everything that came from overseas was regarded as foreign investment, when, in fact, it was often a downsizing of the operation, a break-up of the operation and a mass of sackings."
Winston Peters

January 1, 1970

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Original Language: English