The long-term erosion of local and long distance telephony is inevitable.

FORBES: Magazine Article

There may be a hidden cost of what has arguably been this country's central industrial policy of the past 30 years, which is that all businesses are for sale to foreigners at the right price: the systematic transfer into overseas hands of so many UK companies may have contributed to long-term erosion of corporation tax revenues.

BBC: The tax choices faced by companies

In other words, the short-term benefits of President Bush's conventional forces proposal will almost certainly be more than offset by the long-term damage done by the erosion it entails in the Western negotiating position.

CENTERFORSECURITYPOLICY: Center For Security Policy