Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will help reshape the world in the next few decades.
The News Corp chief gave an upbeat assessment of the future and made a vigorous case for free markets despite troubled economic times and what he called “naked, heartless aggression” in the world.
In the first of a series of speeches in his birth country of Australia, Murdoch spoke yesterday of “the great transformation we’ve seen in the past few decades, the unleashing of human talent and ability across our world, and the golden age for humankind that I see just around the corner.”
He said China and India are great countries whose people are only recently emerging from long histories of being “incarcerated by communism or caste.”
The rise of their economies is creating a new middle class that would be 3 billion strong within 30 years and that is setting a new benchmark for global competitiveness.
“The world has never seen this kind of advance before,” Murdoch said. “These are people who have known deprivation. These are people who are intent on developing their skills, improving their lives and showing the world what they can do.”
Murdoch, whose New York-based conglomerate includes Twentieth Century Fox, Fox News Channel, Dow Jones & Co as well as newspaper stables in Australia and Britain and the online networking site MySpace, described the global financial crisis as one of many challenges facing Australia.
He urged Australia to embrace internationalism and touched on a range of global issues, from international security to the commercial opportunities offered by the world’s need for cleaner energy.
Murdoch said that in another speech he would give his opinions on the future of newspapers, which are suffering a severe downturn, especially in the US, as advertising revenue is lost to the Internet.
Murdoch made a strong pitch for freer trade between countries, taking agriculture as an example and saying that reducing artificial barriers is a moral and strategic issue.
“So we must continue to leverage our connections and continue to push when others have left the conference table,” he said. “The global trade dialogue should echo with Australian accents.”
Touching on security, he chided Europe for appearing to have “lost the will to confront aggression” and said NATO should be reformed into a group based on common values, not geography, and include countries like Australia as members.
“In this promising new century, we are still seeing naked, heartless aggression — whether it comes from a terrorist bombing in Islamabad or a Russian invasion of Georgia,” Murdoch said.
“We can lament these developments, but we cannot hide from them,” he said, noting Australia’s contribution of troops to Afghanistan and Iraq.
In an interview published in the Weekend Australian on Saturday, Murdoch said governments have only limited power to fix the financial crisis, though they could make it worse.
Murdoch warned that a rise in protectionism in the US “could add to all sorts of tensions in the world financial system and the world trading system and eventually all the way down to employment.”
Also See: Time to tidy our own house
A Chinese freighter that allegedly snapped an undersea cable linking Taiwan proper to Penghu County is suspected of being owned by a Chinese state-run company and had docked at the ports of Kaohsiung and Keelung for three months using different names. On Tuesday last week, the Togo-flagged freighter Hong Tai 58 (宏泰58號) and its Chinese crew were detained after the Taipei-Penghu No. 3 submarine cable was severed. When the Coast Guard Administration (CGA) first attempted to detain the ship on grounds of possible sabotage, its crew said the ship’s name was Hong Tai 168, although the Automatic Identification System (AIS)
An Akizuki-class destroyer last month made the first-ever solo transit of a Japan Maritime Self-Defense Force ship through the Taiwan Strait, Japanese government officials with knowledge of the matter said yesterday. The JS Akizuki carried out a north-to-south transit through the Taiwan Strait on Feb. 5 as it sailed to the South China Sea to participate in a joint exercise with US, Australian and Philippine forces that day. The Japanese destroyer JS Sazanami in September last year made the Japan Maritime Self-Defense Force’s first-ever transit through the Taiwan Strait, but it was joined by vessels from New Zealand and Australia,
SECURITY: The purpose for giving Hong Kong and Macau residents more lenient paths to permanent residency no longer applies due to China’s policies, a source said The government is considering removing an optional path to citizenship for residents from Hong Kong and Macau, and lengthening the terms for permanent residence eligibility, a source said yesterday. In a bid to prevent the Chinese Communist Party (CCP) from infiltrating Taiwan through immigration from Hong Kong and Macau, the government could amend immigration laws for residents of the territories who currently receive preferential treatment, an official familiar with the matter speaking on condition of anonymity said. The move was part of “national security-related legislative reform,” they added. Under the amendments, arrivals from the Chinese territories would have to reside in Taiwan for
CRITICAL MOVE: TSMC’s plan to invest another US$100 billion in US chipmaking would boost Taiwan’s competitive edge in the global market, the premier said The government would ensure that the most advanced chipmaking technology stays in Taiwan while assisting Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in investing overseas, the Presidential Office said yesterday. The statement follows a joint announcement by the world’s largest contract chipmaker and US President Donald Trump on Monday that TSMC would invest an additional US$100 billion over the next four years to expand its semiconductor manufacturing operations in the US, which would include construction of three new chip fabrication plants, two advanced packaging facilities, and a research and development center. The government knew about the deal in advance and would assist, Presidential
RSS