[rogerhb]

Interesting article

Common Dreams

$this->bbcode_second_pass_quote('', 'A')s www.economyincrisis.com notes, US Government statistics indicate the following percentages of foreign ownership of American industry:

· Sound recording industries - 97%
· Commodity contracts dealing and brokerage - 79%
· Motion picture and sound recording industries - 75%
· Metal ore mining - 65%
· Motion picture and video industries - 64%
· Wineries and distilleries - 64%
· Database, directory, and other publishers - 63%
· Book publishers - 63%
· Cement, concrete, lime, and gypsum product - 62%
· Engine, turbine and power transmission equipment - 57%
· Rubber product - 53%
· Nonmetallic mineral product manufacturing - 53%
· Plastics and rubber products manufacturing - 52%
· Plastics product - 51%
· Other insurance related activities - 51%
· Boiler, tank, and shipping container - 50%
· Glass and glass product - 48%
· Coal mining - 48%
· Sugar and confectionery product - 48%
· Nonmetallic mineral mining and quarrying - 47%
· Advertising and related services - 41%
· Pharmaceutical and medicine - 40%
· Clay, refractory, and other nonmetallic mineral products - 40%
· Securities brokerage - 38%
· Other general purpose machinery - 37%
· Audio and video equipment mfg and reproducing magnetic and optical media - 36%
· Support activities for mining - 36%
· Soap, cleaning compound, and toilet preparation - 32%
· Chemical manufacturing - 30%
· Industrial machinery - 30%
· Securities, commodity contracts, and other financial investments and related activities - 30%
· Other food - 29%
· Motor vehicles and parts - 29%
· Machinery manufacturing - 28%
· Other electrical equipment and component - 28%
· Securities and commodity exchanges and other financial investment activities - 27%
· Architectural, engineering, and related services - 26%
· Credit card issuing and other consumer credit - 26%
· Petroleum refineries (including integrated) - 25%
· Navigational, measuring, electromedical, and control instruments - 25%
· Petroleum and coal products manufacturing - 25%
· Transportation equipment manufacturing - 25%
· Commercial and service industry machinery - 25%
· Basic chemical - 24%
· Investment banking and securities dealing - 24%
· Semiconductor and other electronic component - 23%
· Paint, coating, and adhesive - 22%
· Printing and related support activities - 21%
· Chemical product and preparation - 20%
· Iron, steel mills, and steel products - 20%
· Agriculture, construction, and mining machinery - 20%
· Publishing industries - 20%
· Medical equipment and supplies - 20%

[UIUCstudent01]

$this->bbcode_second_pass_quote('', '
')· Sound recording industries - 97%
· Commodity contracts dealing and brokerage - 79%
· Motion picture and sound recording industries - 75%
· Metal ore mining - 65%
· Motion picture and video industries - 64%

[rogerhb]

$this->bbcode_second_pass_quote('UIUCstudent01', 'I')s this an excuse as to why mainstream music and movies have been sucking?

[MicroHydro]

Kiwis don't own New Zealand either:

New Zealand has a grand total of zero private domestic banks. There is a small socialized government operated credit union type operation, Kiwi Bank, which operates out of the post office. All the other banks are foreign owned. (Yes, even the "Bank of New Zealand" and the "National Bank of New Zealand" are foreign owned)

There is talk of doing away with the New Zealand Reserve Bank and turning central banking over to Australia!

New Zealand just set a new current accounts deficit of $7.1 billion for 2005. Per capita, this is nearly as large a deficit as the US. If there are roughly a million households in NZ, the annual trade deficit would be roughly $7000 per household.

The office towers of Wellington and Auckland display the logos of foreign corporations.

If one examines the shares traded on the New Zealand exchange, very few are Kiwi owned. Basically the Auckland Airport and NZ Telecom are the big domestic companies, pathetic.

The only thing that is keeping NZ afloat is selling the country to foreign investors, same as US.

[rogerhb]

Interestingly house purchases in NZ are done differently to the UK. In the UK the bank owns the house until you complete the mortgage, in NZ you have the title but the banks name is added to the title for the duration of the mortgage.

[jaws]

Perhaps it is better that way. Americans have not shown a lot of competence at running things lately.

[rogerhb]

I've wondered what will happen to foreign banks if a collapse and a true nationalistic government takes hold, in our case,\ for instance, if you have a mortgaged title with both your name and a foreign bank's claim to it, the local should win.

[Novus]

This is the the real result of America's long held negative savings rate. We spend more than we make every year.

[americandream]

The foreign ownership argument is stupid, narrow and relative irrespective of where it is used......remember............a Maori (or native American or Tibetan) may have a very different slant on the foreign ownership of Aotearoa/US/Greater China.

The problem is cornucopian capitalism (including capitalism posing as socialism) based as it is on exponential growth in a planet with finite core resources and with technology one fraction of a degree above the core technologies that started off the industrial revolution in the dim distant days of the flat earth.

[rogerhb]

$this->bbcode_second_pass_quote('americandream', 'T')he foreign ownership argument is stupid, narrow and relative irrespective of where it is used

[linlithgowoil]

Wrong actually. In the UK you own the house 100%. The owners name is on the title deeds. The bank has a standard security over the property however, for the amount of the outstanding loan against the property.

If you fail to pay the loan they can ultimately seek to enforce their standard security and have ownership of the property conveyed to them, whereupon they can evict you.

$this->bbcode_second_pass_quote('rogerhb', 'I')nterestingly house purchases in NZ are done differently to the UK. In the UK the bank owns the house until you complete the mortgage, in NZ you have the title but the banks name is added to the title for the duration of the mortgage.

[rogerhb]

$this->bbcode_second_pass_quote('linlithgowoil', 'I')n the UK you own the house 100%. The owners name is on the title deeds. The bank has a standard security over the property however, for the amount of the outstanding loan against the property.

[americandream]

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('americandream', 'T')he foreign ownership argument is stupid, narrow and relative irrespective of where it is used

[untothislast]

This topic raises some pertinent points about ideas of 'the nation state' and patriotism. In future, would you be as willing to go to war to defend 'your' homeland - if the bulk of it was already owned by foreign interests? Or would you feel you were just being used to protect the business interests of foreign investment groups?

Remember: there are no such things as citizens anymore - only customers.

'Dulce et Decorum est Pro patria mori'.

[UIUCstudent01]

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('UIUCstudent01', 'I')s this an excuse as to why mainstream music and movies have been sucking?

[JoeCoal]

$this->bbcode_second_pass_quote('untothislast', 'R')emember: there are no such things as citizens anymore - only customers.

[Kingcoal]

$this->bbcode_second_pass_quote('linlithgowoil', 'W')rong actually. In the UK you own the house 100%. The owners name is on the title deeds. The bank has a standard security over the property however, for the amount of the outstanding loan against the property.

If you fail to pay the loan they can ultimately seek to enforce their standard security and have ownership of the property conveyed to them, whereupon they can evict you.

$this->bbcode_second_pass_quote('rogerhb', 'I')nterestingly house purchases in NZ are done differently to the UK. In the UK the bank owns the house until you complete the mortgage, in NZ you have the title but the banks name is added to the title for the duration of the mortgage.