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Analysis: when business loses its morals

Business is not just about making money, as a former Chinese Ambassador to Australia said yesterday. There is a moral dimension - as Rupert Murdoch is discovering.

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Perth
Please u must be joking! The Chinese saying there is more to business than money... This is part of the bigger smoke & miorrors game they play all the time, distract Australia while they reach around and grab the wallet from your back pocket! Modern Chinese are becoming more materialistic and brand-crazy than their Western counter-parts and there is only one way to satisfy that, sorry two ways; one is the have more and more money resource and the second of course is manufacturing knock-offs! Even with the recent Royalty adjustment, the State is still not yeilding anything near what we should be. This is a long-game and we should be maximising these sovereign assets better than what we are!

Perth
I Agree with Common Sense. China far out weighs any economy in the world, it also outweighs any military in the world. Mr . Ambassador may well be promoting the good that trade with China will bring to Australia, as far as dollars are concerned. However he neglects to mention that whilst Australian owned business are listed on Stock exchanges, they are fair game to the nationally backed corporations out of China. This is a very dangerous game, as once an organisation has control of the raw materials, the manufacturing, the supply chain and the end produce, what do you think happens? Look at Eastern Europe and their energy supply. Russia turned the gas off for a month, because it didn't like the political landscape... China will be able to influence the demographic of a nation just by flooding the market with "x" goods or withholding "Y". We have already seen a pre cursor to this with the rare earths debacle, needed for the new range of batteries and polymers. More than ever we need our business and political leaders to focus on the long term not just the next financial year or election campaign.

Perth
Since when does free enterprise espouse morals? You only have to look at the US to see what happens if when free enterprise reigns - the GFC! The only reason there is now a 'moral' outrage at Murdoch is not because he was found out - they did that before without any ramifications - but because they have him over a barrel. They have something he needs (or thinks he needs)in BskyB, so now they can be brave and not fear his media reprisals. And the Chinese have very clearly understood free enterprise and are executing that knowledge in an unbridled fashion. They understand that ultimately it is all about money and power - the money that buys power (see Murdoch). Our political system is just as morally bankrupt as theirs.

Perth
Also defined as whatever is in the national interest. Morality would also include introducing democratic elections. Would that be innovative!

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