I rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.
Bob HawkeI think it is just stupid economics for a government to approach economic management from a strand of thinking regarding unions as enemies.
Bob HawkeI was used on a number of occasions by the United States and China as a conduit. For instance, I was up there talking with the Chinese leadership and they said to me that they were a bit concerned that the Americans had a misunderstanding about their relationship with the Soviets. There was some suggestion that there was a rapprochement developing between China and the Soviets, but nothing could have been further from the truth.
Bob HawkeI went along with it, and wanted to appoint a significant figure in Malcolm Fraser. I didn't have high hopes that they'd be able to do anything, but something was worth a try.
Bob Hawke