Coalition must beware wacky ideas on foreign investment

By Peter Costello
Updated August 15 2012 - 10:36am, first published 10:32am

There was something odd when the Coalition leadership recently released its Discussion Paper on Foreign investment. Tony Abbott and Joe Hockey went to great lengths to praise foreign investment: ''We need it, we want it'' (Abbott), ''since 1788 Australia has relied on [it]'' (Hockey). They had such a fervour the hearer was left wondering why there are any restrictions at all and why the Coalition was proposing to tighten them.

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