2010-11-12

Offer For Potash Corp. Rejected

Everything is sellable. Even Potash Corp. You know the saying here in Canuckistan, "If Wayne Gretzky can be traded..." The company is not headquartered in Chicago but in Saskatchewan as the link seems to suggest. In today's globalized markets, everyone owns a piece of you.

They may have warded off an Australian company after Ottawa rejected its offer but it's only a matter of time before someone else offers the "right" deal. Economic nationalism has its limits. The irony of course, is that Potash shares are majority held by foreigners (as pointed out in the House of Commons) - mostly Americans. Although I'm not sure how it came to be Ottawa could reject an offer made by two private companies.

As a proud Canuckistanian, we also have to acknowledge Canada is a trading nation and we do our own buying of natural resources in other countries like Chile and continents like Africa. Potash imports phosphate from Morroco - which itself is controversial.

In a more "Age of Aquarius" context, natural resources belong to the human race not to some nation who happened to be lucky to be sitting on pots of gold so to speak. I mean, what Brazil is doing to the Amazon - the world's oxygen system - is a crime against humanity, no?

Just saying.

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